Overview
Discussions Key data points
Last release
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Observation period
2021
Next release
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Forecast
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Highest
393.19 B USD on Dec 31, 2010
Lowest
7.66 B USD on Dec 31, 1960
About Venezuela GDP
Related indicators
Frequently Asked Questions
One of the ways to count Venezuela GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2021 Venezuela GDP was 111.81 B USD, and the previous year it amounted to 106.36 B USD.
Venezuela GDP accounts for 0.11% of the world GDP.
GDP per capita is gross domestic product divided by a country's population. In 2014 Venezuela GDP per capita was 14.03 K USD, and in 2013 it amounted to 14.72 K USD.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Venezuela GDP has ever reached is 393.19 B USD.
The lowest ever value Venezuela GDP has reached is 7.66 B USD.