Taxes less subsidies on products (current US$) in Venezuela
Venezuela: Taxes less subsidies on products (current US$) was 0 current US$ in 2011. ◆ Volatile
Taxes less subsidies on products in Venezuela, 1968–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Venezuela recorded 0 current US$ for taxes less subsidies on products in 2011. That is the lowest value across all 44 years on record.
Over the whole period, taxes less subsidies on products in Venezuela peaked at 4.57 billion current US$ in 1983 and was at its lowest, 0 current US$, in 1991.
That places Venezuela 192nd out of 199 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in Venezuela, year by year
| Year | current US$ | Change |
|---|---|---|
| 1968 | 505.36 million current US$ | — |
| 1969 | 526.84 million current US$ | +4.3% |
| 1970 | 612.87 million current US$ | +16.3% |
| 1971 | 637.79 million current US$ | +4.1% |
| 1972 | 593.82 million current US$ | -6.9% |
| 1973 | 607.63 million current US$ | +2.3% |
| 1974 | 765.14 million current US$ | +25.9% |
| 1975 | 1.04 billion current US$ | +35.3% |
| 1976 | 1.06 billion current US$ | +2.2% |
| 1977 | 1.17 billion current US$ | +10.6% |
| 1978 | 1.04 billion current US$ | -11.5% |
| 1979 | 1.46 billion current US$ | +41.3% |
| 1980 | 1.80 billion current US$ | +23.1% |
| 1981 | 1.89 billion current US$ | +5.0% |
| 1982 | 2.18 billion current US$ | +15.5% |
| 1983 | 4.57 billion current US$ | +109.3% |
| 1984 | 2.59 billion current US$ | -43.3% |
| 1985 | 2.84 billion current US$ | +9.6% |
| 1986 | 703.56 million current US$ | -75.2% |
| 1987 | 2.18 billion current US$ | +210.2% |
| 1988 | 1.26 billion current US$ | -42.1% |
| 1989 | 1.37 billion current US$ | +8.1% |
| 1990 | 687.47 million current US$ | -49.7% |
| 1991 | 0 current US$ | -100.0% |
| 1992 | 0 current US$ | — |
| 1993 | 0 current US$ | — |
| 1994 | 0 current US$ | — |
| 1995 | 0 current US$ | — |
| 1996 | 0 current US$ | — |
| 1997 | 0 current US$ | — |
| 1998 | 0 current US$ | — |
| 1999 | 0 current US$ | — |
| 2000 | 0 current US$ | — |
| 2001 | 0 current US$ | — |
| 2002 | 0 current US$ | — |
| 2003 | 0 current US$ | — |
| 2004 | 0 current US$ | — |
| 2005 | 0 current US$ | — |
| 2006 | 0 current US$ | — |
| 2007 | 0 current US$ | — |
| 2008 | 0 current US$ | — |
| 2009 | 0 current US$ | — |
| 2010 | 0 current US$ | — |
| 2011 | 0 current US$ | — |
Venezuela compared with similar countries
- Venezuela's 0 current US$ is below the median for lower middle income countries, which is 2.40 billion current US$. (46 countries reporting)
- Venezuela's 0 current US$ is below the median for Latin America & Caribbean, which is 1.67 billion current US$. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$) 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 | +210.2% | 703.56 million current US$ | 2.18 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 516.10 million current US$ | 505.36 million current US$ | 526.84 million current US$ | 2 |
| 1970s | 897.84 million current US$ | 593.82 million current US$ | 1.46 billion current US$ | 10 |
| 1980s | 2.14 billion current US$ | 703.56 million current US$ | 4.57 billion current US$ | 10 |
| 1990s | 68.75 million current US$ | 0 current US$ | 687.47 million current US$ | 10 |
| 2000s | 0 current US$ | 0 current US$ | 0 current US$ | 10 |
| 2010s | 0 current US$ | 0 current US$ | 0 current US$ | 2 |
Countries ranked near Venezuela
- 189 Isle of Man 22.25 million current US$
- 190 Marshall Islands 12.05 million current US$ compare
- 191 Tuvalu 5.62 million current US$ compare
- 192 Channel Islands 0 current US$
- 194 Kiribati -6.90 million current US$ compare
- 195 East Timor -34.79 million current US$ compare
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 in Venezuela?
- Taxes less subsidies on products in Venezuela was 0 current US$ in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Venezuela?
- The highest recorded value was 4.57 billion current US$ in 1983.
- What is the lowest taxes less subsidies on products recorded in Venezuela?
- The lowest recorded value was 0 current US$ in 1991.
- How does Venezuela rank for taxes less subsidies on products?
- Venezuela ranks 192nd out of 199 countries with data for 2011.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current US$). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.