GDP (current US$) (UNESCO Institute) in Venezuela

Venezuela: GDP (current US$) (UNESCO Institute) was 482.36 billion current US$ in 2014. ◆ Volatile

Latest (2014)
482.36 billion current US$
Change on year
up 30.0%
World rank
32nd
of 211 countries
All-time high
482.36 billion current US$
in 2014
All-time low
11.56 billion current US$
in 1970
Years of data
45
1970–2014

GDP in Venezuela, 1970–2014

0100.0B200.0B300.0B400.0B500.0B1970199220141970: 11.6B current US$1971: 13.0B current US$1972: 14.0B current US$1973: 17.0B current US$1974: 26.1B current US$1975: 27.5B current US$1976: 31.4B current US$1977: 36.2B current US$1978: 39.3B current US$1979: 48.3B current US$1980: 59.1B current US$1981: 66.3B current US$1982: 67.7B current US$1983: 67.6B current US$1984: 59.9B current US$1985: 62.0B current US$1986: 60.5B current US$1987: 48.0B current US$1988: 60.2B current US$1989: 43.5B current US$1990: 48.6B current US$1991: 53.5B current US$1992: 60.4B current US$1993: 60.0B current US$1994: 58.4B current US$1995: 77.4B current US$1996: 70.5B current US$1997: 85.8B current US$1998: 91.3B current US$1999: 98.0B current US$2000: 117.1B current US$2001: 122.9B current US$2002: 92.9B current US$2003: 83.6B current US$2004: 112.5B current US$2005: 145.5B current US$2006: 183.5B current US$2007: 230.4B current US$2008: 316.0B current US$2009: 329.8B current US$2010: 393.2B current US$2011: 316.5B current US$2012: 381.3B current US$2013: 371.0B current US$2014: 482.4B current US$

Source: UNESCO Institute for Statistics. Measured in current US$.

Analysis

The most recent figure for gdp in Venezuela is 482.36 billion current US$, measured in 2014. That is the highest value across all 45 years on record.

Compared with earlier readings it is up 30.0% on the previous year and up 328.9% over ten years.

Over the whole period, gdp in Venezuela peaked at 482.36 billion current US$ in 2014 and was at its lowest, 11.56 billion current US$, in 1970.

That places Venezuela 32nd out of 211 countries with data for 2014, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

GDP (current US$) (UNESCO Institute) in Venezuela, year by year

Annual values for GDP (current US$) in Venezuela, 1970 to 2014.
Year current US$ Change
1970 11.56 billion current US$ —
1971 12.99 billion current US$ +12.3%
1972 13.98 billion current US$ +7.6%
1973 17.04 billion current US$ +21.9%
1974 26.10 billion current US$ +53.2%
1975 27.46 billion current US$ +5.2%
1976 31.42 billion current US$ +14.4%
1977 36.21 billion current US$ +15.2%
1978 39.32 billion current US$ +8.6%
1979 48.31 billion current US$ +22.9%
1980 59.12 billion current US$ +22.4%
1981 66.33 billion current US$ +12.2%
1982 67.74 billion current US$ +2.1%
1983 67.56 billion current US$ -0.3%
1984 59.87 billion current US$ -11.4%
1985 61.97 billion current US$ +3.5%
1986 60.52 billion current US$ -2.3%
1987 48.03 billion current US$ -20.6%
1988 60.23 billion current US$ +25.4%
1989 43.54 billion current US$ -27.7%
1990 48.61 billion current US$ +11.6%
1991 53.45 billion current US$ +10.0%
1992 60.42 billion current US$ +13.0%
1993 60.04 billion current US$ -0.6%
1994 58.42 billion current US$ -2.7%
1995 77.39 billion current US$ +32.5%
1996 70.54 billion current US$ -8.8%
1997 85.84 billion current US$ +21.7%
1998 91.34 billion current US$ +6.4%
1999 97.97 billion current US$ +7.3%
2000 117.15 billion current US$ +19.6%
2001 122.91 billion current US$ +4.9%
2002 92.89 billion current US$ -24.4%
2003 83.62 billion current US$ -10.0%
2004 112.45 billion current US$ +34.5%
2005 145.51 billion current US$ +29.4%
2006 183.48 billion current US$ +26.1%
2007 230.36 billion current US$ +25.6%
2008 315.95 billion current US$ +37.2%
2009 329.79 billion current US$ +4.4%
2010 393.19 billion current US$ +19.2%
2011 316.48 billion current US$ -19.5%
2012 381.29 billion current US$ +20.5%
2013 371.00 billion current US$ -2.7%
2014 482.36 billion current US$ +30.0%

Venezuela compared with similar countries

  • Venezuela's 482.36 billion current US$ is above the median for lower middle income countries, which is 26.33 billion current US$, 18.3× the median. (47 countries reporting)
  • Venezuela's 482.36 billion current US$ is above the median for Latin America & Caribbean, which is 25.83 billion current US$, 18.7× the median. (40 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1970s 26.44 billion current US$ 11.56 billion current US$ 48.31 billion current US$ 10
1980s 59.49 billion current US$ 43.54 billion current US$ 67.74 billion current US$ 10
1990s 70.40 billion current US$ 48.61 billion current US$ 97.97 billion current US$ 10
2000s 173.41 billion current US$ 83.62 billion current US$ 329.79 billion current US$ 10
2010s 388.86 billion current US$ 316.48 billion current US$ 482.36 billion current US$ 5

Countries ranked near Venezuela

  1. 29 Thailand 526.41 billion current US$ compare
  2. 30 Austria 521.64 billion current US$ compare
  3. 31 Norway 483.73 billion current US$ compare
  4. 33 Vietnam 476.39 billion current US$ compare
  5. 34 Philippines 461.62 billion current US$ compare
  6. 35 Bangladesh 450.12 billion current US$ compare

See the full ranking of 211 places →

More population data for Venezuela

All data for Venezuela →

Frequently asked questions

What is gdp in Venezuela?
Gdp in Venezuela was 482.36 billion current US$ in 2014, according to UNESCO Institute for Statistics.
What is the highest gdp recorded in Venezuela?
The highest recorded value was 482.36 billion current US$ in 2014.
What is the lowest gdp recorded in Venezuela?
The lowest recorded value was 11.56 billion current US$ in 1970.
How does Venezuela rank for gdp?
Venezuela ranks 32nd out of 211 countries with data for 2014.
Is gdp rising or falling in Venezuela?
Over the last ten years it is up 328.9%. The long-run trend across the full record is volatile.
Where does this Venezuela data come from?
The figures come from UNESCO Institute for Statistics, published as part of GDP (current US$). Statizoid updates them automatically from the source API.

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GDP in Venezuela. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 11 November 2026, from https://population.statizoid.com/stat/gdp-current-us-2/venezuela-rb/

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About this data

Indicator
GDP (current US$)
Unit
current US$
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
211 places, 10,315 data points, 1970–2024
Last refreshed

February 2026 Data Release