The Gross Domestic Product (GDP) in Venezuela was worth 280 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Venezuela represents 0.23 percent of the world economy.

GDP in Venezuela averaged 100.20 USD Billion from 1960 until 2019, reaching an all time high of 482.36 USD Billion in 2014 and a record low of 7.78 USD Billion in 1960. This page provides - Venezuela GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela GDP - values, historical data and charts - was last updated on June of 2020. source: World Bank

GDP in Venezuela is expected to reach 300.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela GDP is projected to trend around 270.00 USD Billion in 2021 and 260.00 USD Billion in 2022, according to our econometric models.

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Venezuela GDP

Actual Previous Highest Lowest Dates Unit Frequency
280.00 482.36 482.36 7.78 1960 - 2019 USD Billion Yearly
Current USD

Venezuela GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -26.80 -20.20 36.10 -26.80 percent [+]
GDP 280.00 482.36 482.36 7.78 USD Billion [+]
Gross Fixed Capital Formation 347.00 539.00 7328.00 347.00 VEF Million [+]
GDP per capita 16054.49 12456.71 16054.49 864.47 USD [+]
GDP per capita PPP 17131.39 17982.13 18224.70 11383.41 USD [+]


Venezuela GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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