Venezuela GDP Annual Growth Rate 1998-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Venezuela contracted 2.30 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Venezuela averaged 2.51 percent from 1998 until 2014, 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. GDP Annual Growth Rate in Venezuela is reported by the Banco Central De Venezuela.

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Venezuela GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-2.30 -4.90 36.10 -26.70 1998 - 2014 percent Quarterly
Constant 1997 prices
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. Content for - Venezuela GDP Annual Growth Rate - was last refreshed on Monday, July 6, 2015.

Venezuela GDP Last Previous Highest Lowest Unit
GDP 509.96 438.28 509.96 8.61 USD Billion [+]
GDP Growth Rate 6.80 0.00 22.70 -15.30 percent [+]
GDP Annual Growth Rate -2.30 -4.90 36.10 -26.70 percent [+]
GDP per capita 6401.91 6412.03 7138.19 4322.64 USD [+]
Gross Fixed Capital Formation 4364.00 3784.00 7328.00 996.00 VEF Million [+]
GDP per capita PPP 17614.60 17642.45 17910.77 11893.57 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -1.60 Mar/15 -0.20 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Mar/15 7.30 14.20 3.80 percent [+]
Euro Area 1.00 Mar/15 0.90 5.00 -5.60 percent [+]
France 0.82 Mar/15 0.03 12.50 -3.95 percent [+]
Germany 1.10 Mar/15 1.60 5.20 -6.80 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.71 Mar/15 5.01 7.16 1.56 percent [+]
Italy 0.10 Mar/15 -0.50 10.30 -6.90 percent [+]
Japan -0.90 Mar/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.50 Mar/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.50 Mar/15 1.60 5.80 -4.40 percent [+]
Russia -2.20 Mar/15 0.40 12.10 -11.20 percent [+]
South Korea 2.50 Mar/15 2.70 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.80 -4.40 percent [+]
Switzerland 1.10 Mar/15 1.90 7.30 -3.70 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.90 Mar/15 3.40 9.80 -5.80 percent [+]
United States 2.90 Mar/15 2.40 13.40 -4.10 percent [+]