Venezuela Gross Domestic Product: Annual Growth Rate
Venezuela VE: GDP: Growth
VE: GDP: Growth data was reported at -3.894 % in 2014. This records a decrease from the previous number of 1.343 % for 2013. VE: GDP: Growth data is updated yearly, averaging 3.044 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 18.287 % in 2004 and a record low of -8.856 % in 2002. VE: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -3.89 2014 | yearly | 1961 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth from 1961 to 2014 in the chart:
Venezuela VE: GDP: Growth: Adjusted Net National Income
VE: GDP: Growth: Adjusted Net National Income data was reported at -14.347 % in 2014. This records a decrease from the previous number of -8.731 % for 2013. VE: GDP: Growth: Adjusted Net National Income data is updated yearly, averaging 2.938 % from Dec 1971 (Median) to 2014, with 44 observations. The data reached an all-time high of 26.696 % in 2004 and a record low of -18.453 % in 2009. VE: GDP: Growth: Adjusted Net National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -14.35 2014 | yearly | 1971 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Adjusted Net National Income from 1971 to 2014 in the chart:
Venezuela VE: GDP: Growth: Exports of Goods and Services
VE: GDP: Growth: Exports of Goods and Services data was reported at -4.658 % in 2014. This records an increase from the previous number of -6.170 % for 2013. VE: GDP: Growth: Exports of Goods and Services data is updated yearly, averaging -1.362 % from Dec 1974 (Median) to 2014, with 41 observations. The data reached an all-time high of 105.075 % in 1974 and a record low of -20.127 % in 1975. VE: GDP: Growth: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -4.66 2014 | yearly | 1974 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Exports of Goods and Services from 1974 to 2014 in the chart:
Venezuela VE: GDP: Growth: Final Consumption Expenditure
VE: GDP: Growth: Final Consumption Expenditure data was reported at -2.546 % in 2014. This records a decrease from the previous number of 4.438 % for 2013. VE: GDP: Growth: Final Consumption Expenditure data is updated yearly, averaging 4.505 % from Dec 1962 (Median) to 2014, with 53 observations. The data reached an all-time high of 27.947 % in 1975 and a record low of -13.412 % in 1974. VE: GDP: Growth: Final Consumption Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Average annual growth of final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -2.546 2014 | yearly | 1962 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Final Consumption Expenditure from 1962 to 2014 in the chart:
Venezuela VE: GDP: Growth: Final Consumption Expenditure: General Government
VE: GDP: Growth: Final Consumption Expenditure: General Government data was reported at 0.641 % in 2014. This records a decrease from the previous number of 3.343 % for 2013. VE: GDP: Growth: Final Consumption Expenditure: General Government data is updated yearly, averaging 3.908 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 58.272 % in 1997 and a record low of -16.961 % in 1974. VE: GDP: Growth: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of general government final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. General government final consumption expenditure (general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 0.64 2014 | yearly | 1961 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Final Consumption Expenditure: General Government from 1961 to 2014 in the chart:
Venezuela VE: GDP: Growth: Final Consumption Expenditure: Household
VE: GDP: Growth: Final Consumption Expenditure: Household data was reported at -3.362 % in 2014. This records a decrease from the previous number of 4.723 % for 2013. VE: GDP: Growth: Final Consumption Expenditure: Household data is updated yearly, averaging 3.760 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 34.709 % in 1975 and a record low of -12.619 % in 1974. VE: GDP: Growth: Final Consumption Expenditure: Household data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of household final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -3.36 2014 | yearly | 1961 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Final Consumption Expenditure: Household from 1961 to 2014 in the chart:
Venezuela VE: GDP: Growth:(GDP) Gross Domestic Productper Capita
VE: GDP: Growth: GDP per Capita data was reported at -5.209 % in 2014. This records a decrease from the previous number of -0.077 % for 2013. VE: GDP: Growth: GDP per Capita data is updated yearly, averaging -0.021 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 16.226 % in 2004 and a record low of -10.814 % in 1989. VE: GDP: Growth: GDP per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -5.21 2014 | yearly | 1961 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth:(GDP) Gross Domestic Productper Capita from 1961 to 2014 in the chart:
Venezuela VE: GDP: Growth: GNI
VE: GDP: Growth: GNI data was reported at -1.133 % in 2014. This records a decrease from the previous number of 1.016 % for 2013. VE: GDP: Growth: GNI data is updated yearly, averaging 2.950 % from Dec 1962 (Median) to 2014, with 53 observations. The data reached an all-time high of 17.290 % in 2004 and a record low of -11.173 % in 1989. VE: GDP: Growth: GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -1.13 2014 | yearly | 1962 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: GNI from 1962 to 2014 in the chart:
Venezuela VE: GDP: Growth: GNI per Capita
VE: GDP: Growth: GNI per Capita data was reported at -2.486 % in 2014. This records a decrease from the previous number of -0.400 % for 2013. VE: GDP: Growth: GNI per Capita data is updated yearly, averaging 0.221 % from Dec 1962 (Median) to 2014, with 53 observations. The data reached an all-time high of 15.246 % in 2004 and a record low of -13.353 % in 1989. VE: GDP: Growth: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -2.49 2014 | yearly | 1962 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: GNI per Capita from 1962 to 2014 in the chart:
Venezuela VE: GDP: Growth: Gross Capital Formation
VE: GDP: Growth: Gross Capital Formation data was reported at -22.924 % in 2014. This records a decrease from the previous number of -13.950 % for 2013. VE: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 4.026 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 107.986 % in 1997 and a record low of -52.574 % in 1989. VE: GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -22.92 2014 | yearly | 1961 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Gross Capital Formation from 1961 to 2014 in the chart:
Venezuela VE: GDP: Growth: Gross Fixed Capital Formation
VE: GDP: Growth: Gross Fixed Capital Formation data was reported at -16.913 % in 2014. This records a decrease from the previous number of -9.033 % for 2013. VE: GDP: Growth: Gross Fixed Capital Formation data is updated yearly, averaging 3.168 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 100.628 % in 1997 and a record low of -37.026 % in 2003. VE: GDP: Growth: Gross Fixed Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Average annual growth of gross fixed capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| -16.91 2014 | yearly | 1961 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Gross Fixed Capital Formation from 1961 to 2014 in the chart:
Venezuela VE: GDP: Growth: Gross Value Added: Agriculture
VE: GDP: Growth: Gross Value Added: Agriculture data was reported at -4.565 % in 2014. This records a decrease from the previous number of -1.691 % for 2013. VE: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 2.595 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 10.627 % in 1965 and a record low of -5.125 % in 1989. VE: GDP: Growth: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| -4.57 2014 | yearly | 1961 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Gross Value Added: Agriculture from 1961 to 2014 in the chart:
Venezuela VE: GDP: Growth: Gross Value Added: Industry
VE: GDP: Growth: Gross Value Added: Industry data was reported at -5.843 % in 2014. This records a decrease from the previous number of -0.416 % for 2013. VE: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 2.185 % from Dec 1969 (Median) to 2014, with 46 observations. The data reached an all-time high of 17.606 % in 2004 and a record low of -11.820 % in 2002. VE: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| -5.84 2014 | yearly | 1969 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Gross Value Added: Industry from 1969 to 2014 in the chart:
Venezuela VE: GDP: Growth: Gross Value Added: Industry: Manufacturing
VE: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at -7.225 % in 2014. This records a decrease from the previous number of -0.297 % for 2013. VE: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 3.754 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 42.502 % in 1997 and a record low of -14.624 % in 1989. VE: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.
| Last | Frequency | Range |
|---|---|---|
| -7.22 2014 | yearly | 1961 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Gross Value Added: Industry: Manufacturing from 1961 to 2014 in the chart:
Venezuela VE: GDP: Growth: Gross Value Added: Services
VE: GDP: Growth: Gross Value Added: Services data was reported at -1.341 % in 2014. This records a decrease from the previous number of 3.554 % for 2013. VE: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 3.143 % from Dec 1969 (Median) to 2014, with 46 observations. The data reached an all-time high of 15.218 % in 2004 and a record low of -6.726 % in 1984. VE: GDP: Growth: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| -1.34 2014 | yearly | 1969 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Gross Value Added: Services from 1969 to 2014 in the chart:
Venezuela VE: GDP: Growth: Household Final Consumption Expenditure per Capita
VE: GDP: Growth: Household Final Consumption Expenditure per Capita data was reported at -4.684 % in 2014. This records a decrease from the previous number of 3.256 % for 2013. VE: GDP: Growth: Household Final Consumption Expenditure per Capita data is updated yearly, averaging 0.994 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 31.010 % in 1975 and a record low of -15.020 % in 1974. VE: GDP: Growth: Household Final Consumption Expenditure per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2010 prices and World Bank population estimates. Household final consumption expenditure (private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| -4.68 2014 | yearly | 1961 - 2014 |
View Venezuela's Venezuela VE: GDP: Growth: Household Final Consumption Expenditure per Capita from 1961 to 2014 in the chart:
Venezuela VE: GDP: Growth: Imports of Goods and Services
VE: GDP: Growth: Imports of Goods and Services data was reported at -18.532 % in 2014. This records a decrease from the previous number of -9.687 % for 2013. VE: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 8.493 % from Dec 1974 (Median) to 2014, with 41 observations. The data reached an all-time high of 57.667 % in 2004 and a record low of -52.798 % in 1983. VE: GDP: Growth: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;
| Last | Frequency | Range |
|---|---|---|
| -18.53 2014 | yearly | 1974 - 2014 |