Venezuela GDP Annual Growth Rate  1998-2018 | Data | Chart | Calendar

The Venezuelan economy shrank 13.2 percent in 2017, according to estimates from Venezuela's opposition-led congress. In 2016, the GDP contracted 16.5 percent. GDP Annual Growth Rate in Venezuela averaged 1.67 percent from 1998 until 2017, reaching an all time high of 36.10 percent in the first quarter of 2004 and a record low of -26.70 percent in the first quarter of 2003.

Venezuela GDP Annual Growth Rate
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Venezuela GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -13.20 -16.50 36.10 -26.70 percent [+]
GDP 482.40 371.00 482.40 8.61 USD Billion [+]
Gross Fixed Capital Formation 3219.00 3225.00 7328.00 996.00 VEF Million [+]
GDP per capita 13709.04 14462.42 15557.33 9710.31 USD [+]
GDP per capita PPP 16745.02 17665.24 17897.10 11383.41 USD [+]


Venezuela GDP Annual Growth Rate

The biggest sector of Venezuela´s economy is services. Financing, insurance, real estate and business services; communication, transport and warehousing; trade, repairs, restaurants and hotels; community, personal, household and government services account for 60 percent of the GDP. Manufacturing and mining create 16 percent of the wealth and oil exploitation 12.3 percent. Construction and water and electricity distribution account for the remaining 12 percent of GDP. This page provides - Venezuela GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-13.20 -16.50 36.10 -26.70 1998 - 2017 percent Quarterly
Constant 1997 prices




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Australia 3.10 Mar/18
Netherlands 2.90 Jun/18
South Korea 2.90 Jun/18
United States 2.80 Jun/18
Mexico 2.70 Jun/18
Spain 2.70 Jun/18
Canada 2.30 Mar/18
Euro Area 2.20 Jun/18
Switzerland 2.20 Mar/18
Germany 2.00 Jun/18
Russia 1.80 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Brazil 1.20 Mar/18
Italy 1.10 Jun/18
Japan 1.00 Jun/18


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