Venezuela GDP Annual Growth Rate

Venezuela's economy expanded by 8.7% year-on-year in Q3 2025, accelerating from a 6.7% growth in the previous three-month period, according to central bank data. The boost stemmed primarily from a 16.1% surge in oil activity during the period, while non-oil activity grew 6.1%. Within the non-oil sector, notable growth was recorded in construction (+16.4%); transportation & storage (+9.35%); manufacturing (+8.98%); trade & vehicle repair (+8.19%); mining (+7.08%); electricity & water (+6.89%); accommodation & food services (+6.78%); real estate & professional services (+6.6%), and agriculture (+6.11%). source: Banco Central De Venezuela

The Gross Domestic Product (GDP) in Venezuela expanded 8.71 percent in the third quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Venezuela averaged -0.85 percent from 1998 until 2025, 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 February of 2026.

Related	Last	Previous	Unit	Reference
GDP Annual Growth Rate	8.71	6.65	percent	Sep 2025

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.