Value Added Deflator (Manufacturing) — Value Standard Local Currency in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Value Added Deflator (Manufacturing) — Value Standard Local Currency was 51.23 trillion SLC in 2023. ◆ Volatile
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Venezuela (Bolivarian Republic of), 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
In 2023, value added deflator (manufacturing) — value standard local currency in Venezuela (Bolivarian Republic of) stood at 51.23 trillion SLC. That is the highest value across all 54 years on record.
That represents a change of up 626.8% on the previous year and up 222,417,000,000,000.0% over ten years.
Over the whole period, value added deflator (manufacturing) — value standard local currency in Venezuela (Bolivarian Republic of) peaked at 51.23 trillion SLC in 2023 and was at its lowest, 0.003 SLC, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added Deflator (Manufacturing) — Value Standard Local Currency in Venezuela (Bolivarian Republic of), year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 0.003 SLC | — |
| 1971 | 0.0033 SLC | +10.5% |
| 1972 | 0.0034 SLC | +1.7% |
| 1973 | 0.0039 SLC | +15.1% |
| 1974 | 0.006 SLC | +52.5% |
| 1975 | 0.0054 SLC | -9.9% |
| 1976 | 0.0058 SLC | +8.8% |
| 1977 | 0.0061 SLC | +4.1% |
| 1978 | 0.0062 SLC | +2.4% |
| 1979 | 0.0079 SLC | +26.9% |
| 1980 | 0.0092 SLC | +15.7% |
| 1981 | 0.0099 SLC | +8.4% |
| 1982 | 0.0103 SLC | +3.9% |
| 1983 | 0.011 SLC | +6.8% |
| 1984 | 0.0144 SLC | +30.9% |
| 1985 | 0.0156 SLC | +8.5% |
| 1986 | 0.0163 SLC | +4.0% |
| 1987 | 0.02 SLC | +23.0% |
| 1988 | 0.0234 SLC | +17.0% |
| 1989 | 0.0465 SLC | +98.7% |
| 1990 | 0.0653 SLC | +40.3% |
| 1991 | 0.0757 SLC | +16.0% |
| 1992 | 0.0959 SLC | +26.7% |
| 1993 | 0.1205 SLC | +25.6% |
| 1994 | 0.1908 SLC | +58.4% |
| 1995 | 0.2781 SLC | +45.8% |
| 1996 | 0.6408 SLC | +130.4% |
| 1997 | 0.806 SLC | +25.8% |
| 1998 | 0.8802 SLC | +9.2% |
| 1999 | 1.05 SLC | +19.1% |
| 2000 | 1.41 SLC | +34.1% |
| 2001 | 1.44 SLC | +2.1% |
| 2002 | 1.95 SLC | +36.0% |
| 2003 | 2.73 SLC | +40.0% |
| 2004 | 3.36 SLC | +23.0% |
| 2005 | 4.15 SLC | +23.6% |
| 2006 | 4.62 SLC | +11.3% |
| 2007 | 5.39 SLC | +16.6% |
| 2008 | 7.64 SLC | +41.6% |
| 2009 | 8.69 SLC | +13.7% |
| 2010 | 11.6 SLC | +33.6% |
| 2011 | 14.76 SLC | +27.2% |
| 2012 | 17.38 SLC | +17.8% |
| 2013 | 23.03 SLC | +32.5% |
| 2014 | 34.31 SLC | +48.9% |
| 2015 | 100 SLC | +191.5% |
| 2016 | 508.13 SLC | +408.1% |
| 2017 | 4,873 SLC | +859.0% |
| 2018 | 8.10 million SLC | +166184.2% |
| 2019 | 4.50 billion SLC | +55447.8% |
| 2020 | 65.74 billion SLC | +1360.5% |
| 2021 | 1.32 trillion SLC | +1909.7% |
| 2022 | 7.05 trillion SLC | +433.5% |
| 2023 | 51.23 trillion SLC | +626.8% |
Biggest year-on-year movements
Years where Value Added Deflator (Manufacturing) — Value Standard Local Currency in Venezuela (Bolivarian Republic of) 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 |
|---|---|---|---|
| 2018 | +166184.2% | 4,873 SLC | 8.10 million SLC |
| 2019 | +55447.8% | 8.10 million SLC | 4.50 billion SLC |
| 2021 | +1909.7% | 65.74 billion SLC | 1.32 trillion SLC |
| 2020 | +1360.5% | 4.50 billion SLC | 65.74 billion SLC |
| 2017 | +859.0% | 508.13 SLC | 4,873 SLC |
| 2023 | +626.8% | 7.05 trillion SLC | 51.23 trillion SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0051 SLC | 0.003 SLC | 0.0079 SLC | 10 |
| 1980s | 0.0177 SLC | 0.0092 SLC | 0.0465 SLC | 10 |
| 1990s | 0.4201 SLC | 0.0653 SLC | 1.05 SLC | 10 |
| 2000s | 4.14 SLC | 1.41 SLC | 8.69 SLC | 10 |
| 2010s | 450.90 million SLC | 11.6 SLC | 4.50 billion SLC | 10 |
| 2020s | 14.92 trillion SLC | 65.74 billion SLC | 51.23 trillion SLC | 4 |
Countries ranked near Venezuela (Bolivarian Republic of)
- 1 Côte d'Ivoire 129.61 SLC compare
- 1 South Sudan 63,479 SLC compare
- 2 Sudan 14,083 SLC compare
- 2 Syrian Arab Republic 6,443 SLC compare
- 3 Cabo Verde 112.67 SLC compare
- 3 Iran (Islamic Republic of) 1,428 SLC compare
- 3 Lebanon 7,705 SLC compare
- 4 Argentina 3,907 SLC compare
- 4 Türkiye 897.38 SLC compare
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 4.86 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices -5.21 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 161,016 million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 14,501 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 0 million SLC (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 5,131 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 8.17 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local -35.55 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -17.94 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -35.55 % (2024)
Frequently asked questions
- What is value added deflator (manufacturing) — value standard local currency in Venezuela (Bolivarian Republic of)?
- Value added deflator (manufacturing) — value standard local currency in Venezuela (Bolivarian Republic of) was 51.23 trillion SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added deflator (manufacturing) — value standard local currency recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 51.23 trillion SLC in 2023.
- What is the lowest value added deflator (manufacturing) — value standard local currency recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 0.003 SLC in 1970.
- How does Venezuela (Bolivarian Republic of) rank for value added deflator (manufacturing) — value standard local currency?
- Venezuela (Bolivarian Republic of) ranks 1st out of 13 countries with data for 2023.
- Is value added deflator (manufacturing) — value standard local currency rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is up 222,417,000,000,000.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added Deflator (Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).