Venezuela’s economy expanded by 7.14% in the second quarter of 2026, accelerating sharply from 2.51% growth in the previous quarter. The result marks the 21st consecutive quarter of economic expansion, underscoring the continued strengthening of the country’s recovery. Oil activity rebounded strongly, surging 9.1% after contracting 2.1% in the first quarter, while non-oil activity accelerated further, growing 5.79%. Growth was also supported by stronger activity across several key sectors. Construction rebounded sharply, expanding 16.1% after plunging 9.7% in the previous quarter. Financial services surged 26.3%, up from 13.6%, while communications growth accelerated to 7.7% from 4.7%. Transport activity increased 5.6%, compared with 5% previously, and utilities returned to growth, expanding 2.6% after contracting 1% in the first quarter. source: Banco Central De Venezuela

The Gross Domestic Product (GDP) in Venezuela expanded 7.14 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Venezuela averaged -0.64 percent from 1998 until 2026, reaching an all time high of 36.10 percent in the first quarter of 2004 and a record low of -30.00 percent in the fourth quarter of 2020. This page provides - Venezuela GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2026.

The Gross Domestic Product (GDP) in Venezuela expanded 7.14 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Venezuela is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela GDP Annual Growth Rate is projected to trend around 3.00 percent in 2027 and 3.50 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
GDP Annual Growth Rate 7.14 2.51 percent Jun 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
7.14 2.51 36.10 -30.00 1998 - 2026 percent Quarterly

News Stream
Venezuela Economic Growth Picks Up in Q2
Venezuela’s economy expanded by 7.14% in the second quarter of 2026, accelerating sharply from 2.51% growth in the previous quarter. The result marks the 21st consecutive quarter of economic expansion, underscoring the continued strengthening of the country’s recovery. Oil activity rebounded strongly, surging 9.1% after contracting 2.1% in the first quarter, while non-oil activity accelerated further, growing 5.79%. Growth was also supported by stronger activity across several key sectors. Construction rebounded sharply, expanding 16.1% after plunging 9.7% in the previous quarter. Financial services surged 26.3%, up from 13.6%, while communications growth accelerated to 7.7% from 4.7%. Transport activity increased 5.6%, compared with 5% previously, and utilities returned to growth, expanding 2.6% after contracting 1% in the first quarter.
2026-08-19
Venezuela Economic Activity Slows in Q1 2026
Venezuela's economy expanded by 2.51% year-on-year in the first quarter of 2026, easing sharply from a 7.19% advance in the last quarter of 2025. The deceleration was driven primarily by the oil sector, which contracted 2.12% after expanding 13.8% in the previous quarter. Meanwhile, non-oil activity grew 3.11%, supported by financial and insurance activities, which recorded the largest increase, at 13.5%, followed by retail and motor repair (8.7%), restaurants and hotels (7.5%), manufacturing (6.4%), agriculture (5.4%), transports (4.9%), information and communication (4.8%), education, health, training, and other service activities (2.9%), entertainment activities (2.6%) mining (1.9%) and general government services (1.5%). In contrast, construction activities plunged by 18.3% and utilities declined by 1%.
2026-06-15
Venezuela Sees Robust Growth in Q4
Venezuela’s economy advanced by 7.07% year-over-year in Q4 2025, following a 8.71% surge in Q3, marking the 19th consecutive quarter of solid expansion, according to central bank data. The oil sector grew 13.41%, while the rest of the economy expanded 5.3%. Among non-oil activities, construction recorded the largest increase at 19.25%, followed by mining at 8.17%, accommodation and food services at 7.21%, trade and vehicle repair at 6.95%, transport and storage at 6.05%, manufacturing at 5.85%, financial and insurance activities at 5.53%, education, health, training, and other service activities at 5.10%, and agriculture also at 5.10%. In 2025, Venezuela’s GDP grew 8.66% on a yearly basis.
2026-03-04