Value Added (Total Manufacturing) — Value US$, 2015 prices in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Value Added (Total Manufacturing) — Value US$, 2015 prices was 1,544 million USD in 2023. ▬ Flat
Value Added (Total Manufacturing) — Value US$, 2015 prices in Venezuela (Bolivarian Republic of), 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, value added (total manufacturing) — value us$, 2015 prices in Venezuela (Bolivarian Republic of) stood at 1,544 million USD. That is the lowest value across all 54 years on record.
That represents a change of down 37.1% on the previous year and down 97.0% over ten years.
Over the whole period, value added (total manufacturing) — value us$, 2015 prices in Venezuela (Bolivarian Republic of) peaked at 53,004 million USD in 2008 and was at its lowest, 1,544 million USD, in 2023.
That places Venezuela (Bolivarian Republic of) 14th out of 20 countries with data for 2023, putting it in the middle of the range.
Value Added (Total Manufacturing) — Value US$, 2015 prices in Venezuela (Bolivarian Republic of), year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 19,788 million USD | — |
| 1971 | 20,472 million USD | +3.5% |
| 1972 | 21,390 million USD | +4.5% |
| 1973 | 22,961 million USD | +7.3% |
| 1974 | 24,372 million USD | +6.1% |
| 1975 | 25,465 million USD | +4.5% |
| 1976 | 28,531 million USD | +12.0% |
| 1977 | 29,523 million USD | +3.5% |
| 1978 | 30,886 million USD | +4.6% |
| 1979 | 31,905 million USD | +3.3% |
| 1980 | 32,706 million USD | +2.5% |
| 1981 | 31,900 million USD | -2.5% |
| 1982 | 33,194 million USD | +4.1% |
| 1983 | 32,627 million USD | -1.7% |
| 1984 | 34,112 million USD | +4.6% |
| 1985 | 35,810 million USD | +5.0% |
| 1986 | 38,372 million USD | +7.2% |
| 1987 | 39,316 million USD | +2.5% |
| 1988 | 42,017 million USD | +6.9% |
| 1989 | 37,046 million USD | -11.8% |
| 1990 | 39,306 million USD | +6.1% |
| 1991 | 43,147 million USD | +9.8% |
| 1992 | 44,229 million USD | +2.5% |
| 1993 | 43,767 million USD | -1.0% |
| 1994 | 42,701 million USD | -2.4% |
| 1995 | 46,107 million USD | +8.0% |
| 1996 | 44,749 million USD | -2.9% |
| 1997 | 47,014 million USD | +5.1% |
| 1998 | 46,229 million USD | -1.7% |
| 1999 | 42,844 million USD | -7.3% |
| 2000 | 44,897 million USD | +4.8% |
| 2001 | 45,019 million USD | +0.3% |
| 2002 | 38,834 million USD | -13.7% |
| 2003 | 35,953 million USD | -7.4% |
| 2004 | 44,537 million USD | +23.9% |
| 2005 | 47,210 million USD | +6.0% |
| 2006 | 50,675 million USD | +7.3% |
| 2007 | 52,314 million USD | +3.2% |
| 2008 | 53,004 million USD | +1.3% |
| 2009 | 49,592 million USD | -6.4% |
| 2010 | 48,431 million USD | -2.3% |
| 2011 | 50,150 million USD | +3.5% |
| 2012 | 50,908 million USD | +1.5% |
| 2013 | 51,327 million USD | +0.8% |
| 2014 | 47,693 million USD | -7.1% |
| 2015 | 44,160 million USD | -7.4% |
| 2016 | 33,391 million USD | -24.4% |
| 2017 | 25,152 million USD | -24.7% |
| 2018 | 16,080 million USD | -36.1% |
| 2019 | 8,138 million USD | -49.4% |
| 2020 | 5,714 million USD | -29.8% |
| 2021 | 3,798 million USD | -33.5% |
| 2022 | 2,456 million USD | -35.3% |
| 2023 | 1,544 million USD | -37.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25,529 million USD | 19,788 million USD | 31,905 million USD | 10 |
| 1980s | 35,710 million USD | 31,900 million USD | 42,017 million USD | 10 |
| 1990s | 44,009 million USD | 39,306 million USD | 47,014 million USD | 10 |
| 2000s | 46,204 million USD | 35,953 million USD | 53,004 million USD | 10 |
| 2010s | 37,543 million USD | 8,138 million USD | 51,327 million USD | 10 |
| 2020s | 3,378 million USD | 1,544 million USD | 5,714 million USD | 4 |
Countries ranked near Venezuela (Bolivarian Republic of)
- 11 Democratic People's Republic of Korea 2,744 million USD compare
- 11 Indonesia 234,192 million USD compare
- 12 Russian Federation 201,235 million USD compare
- 12 Melanesia 2,267 million USD compare
- 13 Brazil 181,185 million USD compare
- 13 Lao People's Democratic Republic 1,842 million USD compare
- 14 Ireland 167,316 million USD compare
- 15 Republic of Moldova 919.27 million USD compare
- 15 Switzerland 166,444 million USD compare
- 16 Canada 163,183 million USD compare
- 16 Syrian Arab Republic 394.52 million USD compare
- 17 Spain 152,324 million USD compare
- 17 Polynesia 344.89 million USD 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$, 2015 prices -35.55 % (2024)
Frequently asked questions
- What is value added (total manufacturing) — value us$, 2015 prices in Venezuela (Bolivarian Republic of)?
- Value added (total manufacturing) — value us$, 2015 prices in Venezuela (Bolivarian Republic of) was 1,544 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$, 2015 prices recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 53,004 million USD in 2008.
- What is the lowest value added (total manufacturing) — value us$, 2015 prices recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 1,544 million USD in 2023.
- How does Venezuela (Bolivarian Republic of) rank for value added (total manufacturing) — value us$, 2015 prices?
- Venezuela (Bolivarian Republic of) ranks 14th out of 20 countries with data for 2023.
- Is value added (total manufacturing) — value us$, 2015 prices rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is down 97.0%. The long-run trend across the full record is flat.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).