GDP growth in Venezuela, República Bolivariana de

Venezuela, República Bolivariana de: GDP growth was -3.9% in 2014. ◆ Volatile

Latest (2014)
-3.9%
Change on year
down 390.0%
World rank
207th
of 212 countries
All-time high
18.3%
in 2004
All-time low
-8.9%
in 2002
Years of data
45
1970–2014

GDP growth in Venezuela, República Bolivariana de, 1970–2014

-10010201970199220141970: 7.7 annual %1971: 1.5 annual %1972: 1.3 annual %1973: 7.1 annual %1974: 2.1 annual %1975: 2.9 annual %1976: 7.7 annual %1977: 6.3 annual %1978: 2.3 annual %1979: 0.764 annual %1980: -4.4 annual %1981: -0.363 annual %1982: -2.1 annual %1983: -3.8 annual %1984: 1.4 annual %1985: 0.193 annual %1986: 6.5 annual %1987: 3.6 annual %1988: 5.8 annual %1989: -8.6 annual %1990: 6.5 annual %1991: 9.7 annual %1992: 6.1 annual %1993: 0.275 annual %1994: -2.3 annual %1995: 4 annual %1996: -0.198 annual %1997: 6.4 annual %1998: 0.294 annual %1999: -6 annual %2000: 3.7 annual %2001: 3.4 annual %2002: -8.9 annual %2003: -7.8 annual %2004: 18.3 annual %2005: 10.3 annual %2006: 9.9 annual %2007: 8.8 annual %2008: 5.3 annual %2009: -3.2 annual %2010: -1.5 annual %2011: 4.2 annual %2012: 5.6 annual %2013: 1.3 annual %2014: -3.9 annual %

Source: UNESCO Institute for Statistics. Measured in annual %.

Analysis

In 2014, gdp growth in Venezuela, República Bolivariana de stood at -3.9%.

That represents a change of down 390.0% on the previous year and down 121.3% over ten years.

Over the whole period, gdp growth in Venezuela, República Bolivariana de peaked at 18.3% in 2004 and was at its lowest, -8.9%, in 2002.

That places Venezuela, República Bolivariana de 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.

Averages by decade

DecadeAverage LowestHighest Years
1970s 4.0% 0.8% 7.7% 10
1980s -0.2% -8.6% 6.5% 10
1990s 2.5% -6.0% 9.7% 10
2000s 4.0% -8.9% 18.3% 10
2010s 1.2% -3.9% 5.6% 5

Countries ranked near Venezuela, República Bolivariana de

  1. 204 Timor-Leste, Democratic Republic of -2.2% compare
  2. 205 Kuwait -2.6% compare
  3. 206 Botswana -3.0% compare
  4. 208 Isle of Man -4.2% compare
  5. 209 Haiti -4.2% compare
  6. 210 South Sudan, Republic of -10.8% compare

See the full ranking of 212 places →

More population data for Venezuela, República Bolivariana de

All data for Venezuela, República Bolivariana de →

Frequently asked questions

What is gdp growth in Venezuela, República Bolivariana de?
Gdp growth in Venezuela, República Bolivariana de was -3.9% in 2014, according to UNESCO Institute for Statistics.
What is the highest gdp growth recorded in Venezuela, República Bolivariana de?
The highest recorded value was 18.3% in 2004.
What is the lowest gdp growth recorded in Venezuela, República Bolivariana de?
The lowest recorded value was -8.9% in 2002.
How does Venezuela, República Bolivariana de rank for gdp growth?
Venezuela, República Bolivariana de ranks 207th out of 212 countries with data for 2014.
Is gdp growth rising or falling in Venezuela, República Bolivariana de?
Over the last ten years it is down 121.3%. The long-run trend across the full record is volatile.
Where does this Venezuela, República Bolivariana de data come from?
The figures come from UNESCO Institute for Statistics, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.

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GDP growth in Venezuela, República Bolivariana de. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 18 August 2026, from https://population.statizoid.com/stat/gdp-growth-annual-percent-3/venezuela-rb/

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About this data

Indicator
GDP growth (annual %)
Unit
annual %
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
212 places, 10,140 data points, 1970–2024
Last refreshed

February 2026 Data Release