Taxes less subsidies on products (current US$), per unit of GDP (unit) in Venezuela
Venezuela: Taxes less subsidies on products (current US$), per unit of GDP (unit) was 0 current US$ per US$ of GDP in 2011. ◆ Volatile
Taxes less subsidies on products (current US$), per unit of GDP in Venezuela, 1968–2011
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Venezuela recorded 0 current US$ per US$ of GDP for taxes less subsidies on products (current us$), per unit of gdp in 2011. That is the lowest value across all 44 years on record.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Venezuela peaked at 0.0676 current US$ per US$ of GDP in 1983 and was at its lowest, 0 current US$ per US$ of GDP, in 1991.
Venezuela ranks 191st of 197 countries on this measure, 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$), per unit of GDP (unit) in Venezuela, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1968 | 0.0504 current US$ per US$ of GDP | — |
| 1969 | 0.0512 current US$ per US$ of GDP | +1.7% |
| 1970 | 0.053 current US$ per US$ of GDP | +3.5% |
| 1971 | 0.0491 current US$ per US$ of GDP | -7.4% |
| 1972 | 0.0425 current US$ per US$ of GDP | -13.5% |
| 1973 | 0.0357 current US$ per US$ of GDP | -16.0% |
| 1974 | 0.0293 current US$ per US$ of GDP | -17.8% |
| 1975 | 0.0377 current US$ per US$ of GDP | +28.6% |
| 1976 | 0.0337 current US$ per US$ of GDP | -10.7% |
| 1977 | 0.0323 current US$ per US$ of GDP | -4.0% |
| 1978 | 0.0263 current US$ per US$ of GDP | -18.5% |
| 1979 | 0.0303 current US$ per US$ of GDP | +15.0% |
| 1980 | 0.0305 current US$ per US$ of GDP | +0.6% |
| 1981 | 0.0285 current US$ per US$ of GDP | -6.4% |
| 1982 | 0.0322 current US$ per US$ of GDP | +13.1% |
| 1983 | 0.0676 current US$ per US$ of GDP | +109.8% |
| 1984 | 0.0433 current US$ per US$ of GDP | -36.0% |
| 1985 | 0.0458 current US$ per US$ of GDP | +5.9% |
| 1986 | 0.0116 current US$ per US$ of GDP | -74.6% |
| 1987 | 0.0454 current US$ per US$ of GDP | +290.8% |
| 1988 | 0.021 current US$ per US$ of GDP | -53.8% |
| 1989 | 0.0314 current US$ per US$ of GDP | +49.5% |
| 1990 | 0.0141 current US$ per US$ of GDP | -54.9% |
| 1991 | 0 current US$ per US$ of GDP | -100.0% |
| 1992 | 0 current US$ per US$ of GDP | — |
| 1993 | 0 current US$ per US$ of GDP | — |
| 1994 | 0 current US$ per US$ of GDP | — |
| 1995 | 0 current US$ per US$ of GDP | — |
| 1996 | 0 current US$ per US$ of GDP | — |
| 1997 | 0 current US$ per US$ of GDP | — |
| 1998 | 0 current US$ per US$ of GDP | — |
| 1999 | 0 current US$ per US$ of GDP | — |
| 2000 | 0 current US$ per US$ of GDP | — |
| 2001 | 0 current US$ per US$ of GDP | — |
| 2002 | 0 current US$ per US$ of GDP | — |
| 2003 | 0 current US$ per US$ of GDP | — |
| 2004 | 0 current US$ per US$ of GDP | — |
| 2005 | 0 current US$ per US$ of GDP | — |
| 2006 | 0 current US$ per US$ of GDP | — |
| 2007 | 0 current US$ per US$ of GDP | — |
| 2008 | 0 current US$ per US$ of GDP | — |
| 2009 | 0 current US$ per US$ of GDP | — |
| 2010 | 0 current US$ per US$ of GDP | — |
| 2011 | 0 current US$ per US$ of GDP | — |
Venezuela compared with similar countries
- Venezuela's 0 current US$ per US$ of GDP is below the median for lower middle income countries, which is 0.069 current US$ per US$ of GDP. (46 countries reporting)
- Venezuela's 0 current US$ per US$ of GDP is below the median for Latin America & Caribbean, which is 0.097 current US$ per US$ of GDP. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$), per unit of GDP (unit) in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +290.8% | 0.0116 current US$ per US$ of GDP | 0.0454 current US$ per US$ of GDP |
| 1983 | +109.8% | 0.0322 current US$ per US$ of GDP | 0.0676 current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0508 current US$ per US$ of GDP | 0.0504 current US$ per US$ of GDP | 0.0512 current US$ per US$ of GDP | 2 |
| 1970s | 0.037 current US$ per US$ of GDP | 0.0263 current US$ per US$ of GDP | 0.053 current US$ per US$ of GDP | 10 |
| 1980s | 0.0357 current US$ per US$ of GDP | 0.0116 current US$ per US$ of GDP | 0.0676 current US$ per US$ of GDP | 10 |
| 1990s | 0.0014 current US$ per US$ of GDP | 0 current US$ per US$ of GDP | 0.0141 current US$ per US$ of GDP | 10 |
| 2000s | 0 current US$ per US$ of GDP | 0 current US$ per US$ of GDP | 0 current US$ per US$ of GDP | 10 |
| 2010s | 0 current US$ per US$ of GDP | 0 current US$ per US$ of GDP | 0 current US$ per US$ of GDP | 2 |
Countries ranked near Venezuela
- 188 Qatar 0.0056 current US$ per US$ of GDP compare
- 189 Isle of Man 0.0029 current US$ per US$ of GDP
- 190 Macao 0.0023 current US$ per US$ of GDP compare
- 192 Oman -0.0054 current US$ per US$ of GDP compare
- 193 Brunei -0.0142 current US$ per US$ of GDP compare
- 194 Libya -0.0166 current US$ per US$ of GDP compare
More economy & growth data for Venezuela
- Real gdp growth, annual growth rate -25.42 % change on previous year (2018)
- 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)
Frequently asked questions
- What is taxes less subsidies on products (current us$), per unit of gdp in Venezuela?
- Taxes less subsidies on products (current us$), per unit of gdp in Venezuela was 0 current US$ per US$ of GDP in 2011, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Venezuela?
- The highest recorded value was 0.0676 current US$ per US$ of GDP in 1983.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Venezuela?
- The lowest recorded value was 0 current US$ per US$ of GDP in 1991.
- How does Venezuela rank for taxes less subsidies on products (current us$), per unit of gdp?
- Venezuela ranks 191st out of 197 countries with data for 2011.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.