The Gross Domestic Product (GDP) in Venezuela was worth 482.36 billion US dollars in 2014. The GDP value of Venezuela represents 0.78 percent of the world economy. GDP in Venezuela averaged 96.93 USD Billion from 1960 until 2014, reaching an all time high of 482.36 USD Billion in 2014 and a record low of 7.78 USD Billion in 1960.

GDP in Venezuela is expected to be 280.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela GDP is projected to trend around 300.00 USD Billion in 2020, according to our econometric models.

Venezuela GDP
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Forecast Data Chart
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Venezuela GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -22.50 -17.60 36.10 -26.70 percent [+]
GDP 482.36 371.01 482.36 7.78 USD Billion [+]
Gross Fixed Capital Formation 467.00 620.00 7328.00 467.00 VEF Million [+]
GDP per capita 14025.36 14721.86 15739.38 9830.74 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. This page provides - Venezuela GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela GDP - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
482.36 371.01 482.36 7.78 1960 - 2014 USD Billion Yearly
Current USD




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