GDP (current LCU), annual growth rate in Venezuela
Venezuela: GDP (current LCU), annual growth rate was 34.97 % change on previous year in 2014. ◆ Volatile
GDP (current LCU), annual growth rate in Venezuela, 1971–2014
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2014, gdp (current lcu), annual growth rate in Venezuela stood at 34.97 % change on previous year.
That represents a change of down 6.3% on the previous year and down 40.2% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Venezuela peaked at 115.1 % change on previous year in 1996 and was at its lowest, -0.2664 % change on previous year, in 1983.
That places Venezuela 11th out of 211 countries with data for 2014, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Venezuela, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.83 % change on previous year | — |
| 1972 | 7.63 % change on previous year | -22.4% |
| 1973 | 19.11 % change on previous year | +150.3% |
| 1974 | 53.21 % change on previous year | +178.5% |
| 1975 | 5.22 % change on previous year | -90.2% |
| 1976 | 14.4 % change on previous year | +175.6% |
| 1977 | 15.25 % change on previous year | +5.9% |
| 1978 | 8.58 % change on previous year | -43.8% |
| 1979 | 22.88 % change on previous year | +166.8% |
| 1980 | 22.37 % change on previous year | -2.2% |
| 1981 | 12.2 % change on previous year | -45.5% |
| 1982 | 2.12 % change on previous year | -82.6% |
| 1983 | -0.2664 % change on previous year | -112.5% |
| 1984 | 44.61 % change on previous year | -16843.1% |
| 1985 | 10.63 % change on previous year | -76.2% |
| 1986 | 5.26 % change on previous year | -50.6% |
| 1987 | 42.37 % change on previous year | +705.9% |
| 1988 | 25.4 % change on previous year | -40.1% |
| 1989 | 72.95 % change on previous year | +187.3% |
| 1990 | 50.91 % change on previous year | -30.2% |
| 1991 | 33.27 % change on previous year | -34.7% |
| 1992 | 36.02 % change on previous year | +8.3% |
| 1993 | 32.01 % change on previous year | -11.1% |
| 1994 | 59.06 % change on previous year | +84.5% |
| 1995 | 57.76 % change on previous year | -2.2% |
| 1996 | 115.1 % change on previous year | +99.3% |
| 1997 | 42.48 % change on previous year | -63.1% |
| 1998 | 19.24 % change on previous year | -54.7% |
| 1999 | 18.66 % change on previous year | -3.0% |
| 2000 | 34.23 % change on previous year | +83.4% |
| 2001 | 11.66 % change on previous year | -65.9% |
| 2002 | 21.24 % change on previous year | +82.1% |
| 2003 | 24.47 % change on previous year | +15.2% |
| 2004 | 58.45 % change on previous year | +138.9% |
| 2005 | 42.98 % change on previous year | -26.5% |
| 2006 | 29.54 % change on previous year | -31.3% |
| 2007 | 25.55 % change on previous year | -13.5% |
| 2008 | 37 % change on previous year | +44.8% |
| 2009 | 4.38 % change on previous year | -88.2% |
| 2010 | 43.77 % change on previous year | +899.6% |
| 2011 | 33.5 % change on previous year | -23.5% |
| 2012 | 20.48 % change on previous year | -38.9% |
| 2013 | 37.32 % change on previous year | +82.3% |
| 2014 | 34.97 % change on previous year | -6.3% |
Venezuela compared with similar countries
- Venezuela's 34.97 % change on previous year is above the median for lower middle income countries, which is 9.89 % change on previous year, 3.5× the median. (47 countries reporting)
- Venezuela's 34.97 % change on previous year is above the median for Latin America & Caribbean, which is 7.38 % change on previous year, 4.7× the median. (40 countries reporting)
Biggest year-on-year movements
Years where GDP (current 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 |
|---|---|---|---|
| 1984 | +16843.1% | -0.2664 % change on previous year | 44.61 % change on previous year |
| 2010 | +899.6% | 4.38 % change on previous year | 43.77 % change on previous year |
| 1987 | +705.9% | 5.26 % change on previous year | 42.37 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.35 % change on previous year | 5.22 % change on previous year | 53.21 % change on previous year | 9 |
| 1980s | 23.76 % change on previous year | -0.2664 % change on previous year | 72.95 % change on previous year | 10 |
| 1990s | 46.45 % change on previous year | 18.66 % change on previous year | 115.1 % change on previous year | 10 |
| 2000s | 28.95 % change on previous year | 4.38 % change on previous year | 58.45 % change on previous year | 10 |
| 2010s | 34.01 % change on previous year | 20.48 % change on previous year | 43.77 % change on previous year | 5 |
Countries ranked near Venezuela
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 (current lcu), annual growth rate in Venezuela?
- Gdp (current lcu), annual growth rate in Venezuela was 34.97 % change on previous year in 2014, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Venezuela?
- The highest recorded value was 115.1 % change on previous year in 1996.
- What is the lowest gdp (current lcu), annual growth rate recorded in Venezuela?
- The lowest recorded value was -0.2664 % change on previous year in 1983.
- How does Venezuela rank for gdp (current lcu), annual growth rate?
- Venezuela ranks 11th out of 211 countries with data for 2014.
- Is gdp (current lcu), annual growth rate rising or falling in Venezuela?
- Over the last ten years it is down 40.2%. 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 (current 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 (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.