GDP (constant LCU), annual growth rate in Venezuela
Venezuela: GDP (constant LCU), annual growth rate was -3.89 % change on previous year in 2014. ◆ Volatile
GDP (constant LCU), annual growth rate in Venezuela, 1971–2014
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2014, gdp (constant lcu), annual growth rate in Venezuela stood at -3.89 % change on previous year.
Compared with earlier readings it is down 389.9% on the previous year and down 121.3% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in Venezuela peaked at 18.29 % change on previous year in 2004 and was at its lowest, -8.86 % change on previous year, in 2002.
That places Venezuela 207th out of 212 countries with data for 2014, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), annual growth rate in Venezuela, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 1.48 % change on previous year | — |
| 1972 | 1.28 % change on previous year | -13.3% |
| 1973 | 7.11 % change on previous year | +454.2% |
| 1974 | 2.07 % change on previous year | -70.9% |
| 1975 | 2.9 % change on previous year | +40.0% |
| 1976 | 7.73 % change on previous year | +166.8% |
| 1977 | 6.27 % change on previous year | -18.9% |
| 1978 | 2.35 % change on previous year | -62.6% |
| 1979 | 0.7642 % change on previous year | -67.4% |
| 1980 | -4.42 % change on previous year | -678.5% |
| 1981 | -0.3629 % change on previous year | -91.8% |
| 1982 | -2.07 % change on previous year | +470.6% |
| 1983 | -3.76 % change on previous year | +81.8% |
| 1984 | 1.44 % change on previous year | -138.3% |
| 1985 | 0.1932 % change on previous year | -86.6% |
| 1986 | 6.51 % change on previous year | +3269.1% |
| 1987 | 3.58 % change on previous year | -45.0% |
| 1988 | 5.82 % change on previous year | +62.5% |
| 1989 | -8.57 % change on previous year | -247.2% |
| 1990 | 6.47 % change on previous year | -175.5% |
| 1991 | 9.73 % change on previous year | +50.4% |
| 1992 | 6.06 % change on previous year | -37.7% |
| 1993 | 0.2752 % change on previous year | -95.5% |
| 1994 | -2.35 % change on previous year | -953.8% |
| 1995 | 3.95 % change on previous year | -268.2% |
| 1996 | -0.1979 % change on previous year | -105.0% |
| 1997 | 6.37 % change on previous year | -3318.9% |
| 1998 | 0.294 % change on previous year | -95.4% |
| 1999 | -5.97 % change on previous year | -2131.0% |
| 2000 | 3.69 % change on previous year | -161.8% |
| 2001 | 3.39 % change on previous year | -7.9% |
| 2002 | -8.86 % change on previous year | -360.9% |
| 2003 | -7.76 % change on previous year | -12.4% |
| 2004 | 18.29 % change on previous year | -335.8% |
| 2005 | 10.32 % change on previous year | -43.6% |
| 2006 | 9.87 % change on previous year | -4.3% |
| 2007 | 8.75 % change on previous year | -11.3% |
| 2008 | 5.28 % change on previous year | -39.7% |
| 2009 | -3.2 % change on previous year | -160.7% |
| 2010 | -1.49 % change on previous year | -53.5% |
| 2011 | 4.18 % change on previous year | -380.5% |
| 2012 | 5.63 % change on previous year | +34.7% |
| 2013 | 1.34 % change on previous year | -76.1% |
| 2014 | -3.89 % change on previous year | -389.9% |
Venezuela compared with similar countries
- Venezuela's -3.89 % change on previous year is below the median for lower middle income countries, which is 3.71 % change on previous year. (47 countries reporting)
- Venezuela's -3.89 % change on previous year is below the median for Latin America & Caribbean, which is 3.38 % change on previous year. (41 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), annual growth rate in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +3318.9% | -0.1979 % change on previous year | 6.37 % change on previous year |
| 1986 | +3269.1% | 0.1932 % change on previous year | 6.51 % change on previous year |
| 1999 | -2131.0% | 0.294 % change on previous year | -5.97 % change on previous year |
| 1994 | -953.8% | 0.2752 % change on previous year | -2.35 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.55 % change on previous year | 0.7642 % change on previous year | 7.73 % change on previous year | 9 |
| 1980s | -0.1641 % change on previous year | -8.57 % change on previous year | 6.51 % change on previous year | 10 |
| 1990s | 2.46 % change on previous year | -5.97 % change on previous year | 9.73 % change on previous year | 10 |
| 2000s | 3.98 % change on previous year | -8.86 % change on previous year | 18.29 % change on previous year | 10 |
| 2010s | 1.15 % change on previous year | -3.89 % change on previous year | 5.63 % change on previous year | 5 |
Countries ranked near Venezuela
- 204 East Timor -2.19 % change on previous year compare
- 205 Kuwait -2.56 % change on previous year compare
- 206 Botswana -2.99 % change on previous year compare
- 208 Isle of Man -4.17 % change on previous year compare
- 209 Haiti -4.17 % change on previous year compare
- 210 South Sudan -10.79 % change on previous year compare
More population data for Venezuela
- Population regions with projections, annual growth rate -0.5136 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -0.187 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.5136 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.4023 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 35,937 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 1.11 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.8093 % change on previous year (2100)
- World population growth -0.5% (2100)
- Population density 32.06 people per km² (2100)
- Number of children under 5, by world region 1.32 million people (2100)
Frequently asked questions
- What is gdp (constant lcu), annual growth rate in Venezuela?
- Gdp (constant lcu), annual growth rate in Venezuela was -3.89 % change on previous year in 2014, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in Venezuela?
- The highest recorded value was 18.29 % change on previous year in 2004.
- What is the lowest gdp (constant lcu), annual growth rate recorded in Venezuela?
- The lowest recorded value was -8.86 % change on previous year in 2002.
- How does Venezuela rank for gdp (constant lcu), annual growth rate?
- Venezuela ranks 207th out of 212 countries with data for 2014.
- Is gdp (constant lcu), annual growth rate rising or falling in Venezuela?
- Over the last ten years it is down 121.3%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.