Industrial Production in Venezuela decreased 20.60 percent in January of 2019 over the same month in the previous year.

Industrial Production in Venezuela averaged -3.02 percent from 1998 until 2019, reaching an all time high of 183.50 percent in December of 2003 and a record low of -64.90 percent in December of 2002. This page provides - Venezuela Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Industrial Production - values, historical data and charts - was last updated on July of 2020. source: Banco Central De Venezuela

Industrial Production in Venezuela is expected to be -45.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Venezuela to stand at -48.00 in 12 months time. In the long-term, the Venezuela Industrial Production is projected to trend around -45.00 percent in 2021, according to our econometric models.

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Venezuela Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-20.60 -47.00 183.50 -64.90 1998 - 2019 percent Monthly
2007=100

Venezuela Business Last Previous Highest Lowest Unit
Industrial Production -20.60 -47.00 183.50 -64.90 percent [+]
Changes in Inventories -543.00 -908.00 2399.00 -1404.00 VEF Million [+]
Internet Speed 1827.10 1937.83 1937.83 646.91 KBps [+]
IP Addresses 2571911.00 2585378.00 2925726.00 950807.00 IP [+]
Steel Production 2.00 2.00 479.00 0.36 Thousand Tonnes [+]
Crude Oil Rigs 0.00 1.00 119.00 0.00 [+]
Competitiveness Index 41.83 43.17 45.09 3.30 Points [+]
Competitiveness Rank 133.00 127.00 134.00 85.00 [+]
Corruption Index 16.00 18.00 28.00 16.00 Points [+]
Corruption Rank 173.00 168.00 173.00 38.00 [+]
Ease of Doing Business 188.00 188.00 188.00 175.00 [+]


Venezuela Industrial Production
In Venezuela, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.