Taxes less subsidies on products (current US$), annual growth rate in Venezuela
Venezuela: Taxes less subsidies on products (current US$), annual growth rate was -100 % change on previous year in 1991. ◆ Volatile
Taxes less subsidies on products (current US$), annual growth rate in Venezuela, 1969–1991
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Venezuela recorded -100 % change on previous year for taxes less subsidies on products (current us$), annual growth rate in 1991. That is the lowest value across all 23 years on record.
The figure is down 101.2% on the previous year and down 2,099.9% over ten years.
Over the whole period, taxes less subsidies on products (current us$), annual growth rate in Venezuela peaked at 210.2 % change on previous year in 1987 and was at its lowest, -100 % change on previous year, in 1991.
That places Venezuela 197th out of 197 countries with data for 1991, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in Venezuela, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1969 | 4.25 % change on previous year | — |
| 1970 | 16.33 % change on previous year | +284.0% |
| 1971 | 4.07 % change on previous year | -75.1% |
| 1972 | -6.9 % change on previous year | -269.5% |
| 1973 | 2.33 % change on previous year | -133.7% |
| 1974 | 25.92 % change on previous year | +1014.6% |
| 1975 | 35.3 % change on previous year | +36.2% |
| 1976 | 2.17 % change on previous year | -93.8% |
| 1977 | 10.64 % change on previous year | +389.7% |
| 1978 | -11.54 % change on previous year | -208.4% |
| 1979 | 41.3 % change on previous year | -458.0% |
| 1980 | 23.08 % change on previous year | -44.1% |
| 1981 | 5 % change on previous year | -78.3% |
| 1982 | 15.48 % change on previous year | +209.5% |
| 1983 | 109.28 % change on previous year | +606.1% |
| 1984 | -43.3 % change on previous year | -139.6% |
| 1985 | 9.61 % change on previous year | -122.2% |
| 1986 | -75.22 % change on previous year | -882.9% |
| 1987 | 210.2 % change on previous year | -379.4% |
| 1988 | -42.08 % change on previous year | -120.0% |
| 1989 | 8.1 % change on previous year | -119.3% |
| 1990 | -49.69 % change on previous year | -713.2% |
| 1991 | -100 % change on previous year | +101.2% |
Venezuela compared with similar countries
- Venezuela's -100 % change on previous year is below the median for lower middle income countries, which is 10.33 % change on previous year. (46 countries reporting)
- Venezuela's -100 % change on previous year is below the median for Latin America & Caribbean, which is 5.38 % change on previous year. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.25 % change on previous year | 4.25 % change on previous year | 4.25 % change on previous year | 1 |
| 1970s | 11.96 % change on previous year | -11.54 % change on previous year | 41.3 % change on previous year | 10 |
| 1980s | 22.01 % change on previous year | -75.22 % change on previous year | 210.2 % change on previous year | 10 |
| 1990s | -74.85 % change on previous year | -100 % change on previous year | -49.69 % change on previous year | 2 |
Countries ranked near Venezuela
- 194 Sudan -43.06 % change on previous year compare
- 195 Cuba -50.13 % change on previous year compare
- 196 East Timor -81.85 % change on previous year
More economy & growth data for Venezuela
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0477 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products (current us$), annual growth rate in Venezuela?
- Taxes less subsidies on products (current us$), annual growth rate in Venezuela was -100 % change on previous year in 1991, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), annual growth rate recorded in Venezuela?
- The highest recorded value was 210.2 % change on previous year in 1987.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in Venezuela?
- The lowest recorded value was -100 % change on previous year in 1991.
- How does Venezuela rank for taxes less subsidies on products (current us$), annual growth rate?
- Venezuela ranks 197th out of 197 countries with data for 1991.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in Venezuela?
- Over the last ten years it is down 2,099.9%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.