The Gross Domestic Product (GDP) in Venezuela was worth 482.36 billion US dollars in 2014, according to official data from the World Bank and projections from Trading Economics. The GDP value of Venezuela represents 0.40 percent of the world economy. source: World Bank

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. 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 December of 2020.

GDP in Venezuela is expected to reach 250.00 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 240.00 USD Billion in 2021 and 230.00 USD Billion in 2022, according to our econometric models.

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Venezuela GDP

Actual Previous Highest Lowest Dates Unit Frequency
482.36 371.01 482.36 7.78 1960 - 2014 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 482.36 371.01 482.36 7.78 USD Billion [+]
Gross Fixed Capital Formation 347.00 539.00 7328.00 347.00 VEF Million [+]
GDP per capita 14025.36 14721.86 15739.38 9830.74 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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