Venezuela Crude Oil: Production

2002 - 2023 | Monthly | Barrel/Day th | Organization of the Petroleum Exporting Countries

Key information about Venezuela Crude Oil: Production

  • Venezuela Crude Oil: Production was reported at 786.000 Barrel/Day th in Dec 2023
  • This records an increase from the previous number of 779.000 Barrel/Day th for Nov 2023
  • Venezuela Crude Oil: Production data is updated monthly, averaging 2,329.000 Barrel/Day th from Jan 2002 to Dec 2023, with 264 observations
  • The data reached an all-time high of 2,995.000 Barrel/Day th in Oct 2002 and a record low of 337.000 Barrel/Day th in Jun 2020
  • Venezuela Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
  • The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: OPEC Members: Monthly
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View Venezuela's Crude Oil: Production from Jan 2002 to Dec 2023 in the chart:

Venezuela Crude Oil: Production

What was Venezuela's Crude Oil: Production in Dec 2023?

Venezuela Crude Oil: Production was reported at 786.000 Barrel/Day th in Dec 2023 See the table below for more data.

Last Previous Min Max Unit Frequency Range
786.000 Dec 2023 779.000 Nov 2023 337.000 Jun 2020 2,995.000 Oct 2002 Barrel/Day th monthly Jan 2002 - Dec 2023

Crude Oil: Production by Country Comparison

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country/region Last Frequency Range
Albania (Barrel/Day th) 7.000 2006 yearly 1995 - 2006
Algeria (Barrel/Day th) 959.000 Dec 2023 monthly Jan 2002 - Dec 2023
Angola (Barrel/Day th) 1,130.000 Nov 2023 monthly Oct 2006 - Nov 2023
Argentina (Barrel/Day th) 582.230 2022 yearly 1960 - 2022
Australia (Barrel/Day th) 110.438 2022 yearly 1960 - 2022
Azerbaijan (Barrel/Day th) 558.356 2022 yearly 1960 - 2022
Bahrain (Barrel/Day th) 189.721 2022 yearly 1960 - 2022
Brazil (Barrel/Day th) 3,021.636 2022 yearly 1960 - 2022
Brunei (Barrel/Day th) 84.268 2022 yearly 1960 - 2022
Cameroon (Barrel/Day th) 87.500 2006 yearly 1995 - 2006
Canada (Barrel/Day th) 1,232.263 2022 yearly 1960 - 2022
Chile (Barrel/Day th) 2.000 2022 yearly 1960 - 2022
China (Barrel/Day th) 4,093.860 2022 yearly 1960 - 2022
Colombia (Barrel/Day th) 754.247 2022 yearly 1960 - 2022
Congo (Barrel/Day th) 261.604 2022 yearly 1960 - 2022
Denmark (Barrel/Day th) 64.633 2022 yearly 1960 - 2022
Ecuador (Barrel/Day th) 535.000 Nov 2019 monthly Sep 2007 - Nov 2019
Egypt (%) -2.543 Nov 2023 monthly Jan 2021 - Nov 2023
Equatorial Guinea (Barrel/Day th) 81.295 2022 yearly 1960 - 2022
France (Barrel/Day th) 14.490 2019 yearly 1960 - 2019
Gabon (Barrel/Day th) 226.000 Dec 2023 monthly Apr 2016 - Dec 2023
Germany (Barrel/Day th) 37.836 2019 yearly 1960 - 2019
Hungary (Barrel/Day th) 17.800 2006 yearly 1995 - 2006
India (Barrel/Day th) 563.189 2022 yearly 1960 - 2022
Indonesia (Barrel/Day th) 739.000 Nov 2016 monthly Jan 2002 - Nov 2016
Iran (Barrel/Day th) 3,143.000 Dec 2023 monthly Jan 2002 - Dec 2023
Iraq (Barrel/Day th) 4,292.000 Dec 2023 monthly Jan 2002 - Dec 2023
Israel (%) -7.473 Dec 2023 monthly Jan 2005 - Dec 2023
Italy (Barrel/Day th) 77.699 2019 yearly 1960 - 2019
Ivory Coast (%) 9.737 Nov 2023 monthly Feb 2022 - Nov 2023
Jordan (%) -4.638 Nov 2023 monthly Jan 2003 - Nov 2023
Kazakhstan (Barrel/Day th) 1,464.022 2022 yearly 1960 - 2022
Kuwait (Barrel/Day th) 2,545.000 Dec 2023 monthly Jan 2002 - Dec 2023
Libya (Barrel/Day th) 1,177.000 Dec 2023 monthly Jan 2002 - Dec 2023
Malawi (%) 68.224 Dec 2022 monthly Jan 2014 - Dec 2022
Malaysia (Barrel/Day th) 396.915 2022 yearly 1960 - 2022
Mexico (Barrel/Day th) 1,622.496 2022 yearly 1960 - 2022
Mozambique (%) -11.361 Mar 2023 monthly Jun 2012 - Mar 2023
Netherlands (Barrel/Day th) 14.595 2019 yearly 1960 - 2019
New Zealand (Barrel/Day th) 23.682 2019 yearly 1960 - 2019
Nigeria (Barrel/Day th) 1,418.000 Dec 2023 monthly Jan 2002 - Dec 2023
Norway (Barrel/Day th) 1,685.121 2022 yearly 1960 - 2022
Oman (Barrel/Day th) 848.016 2022 yearly 1960 - 2022
Palestinian Territory (%) -31.021 Dec 2023 monthly Jan 2012 - Dec 2023
Peru (Barrel/Day th) 53.008 2019 yearly 1960 - 2019
Qatar (Barrel/Day th) 595.000 Sep 2018 monthly Jan 2002 - Sep 2018
Romania (Barrel/Day th) 69.907 2019 yearly 1960 - 2019
Russia (Barrel/Day th) 9,756.049 2022 yearly 1960 - 2022
Saudi Arabia (Barrel/Day th) 8,956.000 Dec 2023 monthly Jan 2002 - Dec 2023
South Africa (%) 2.138 Oct 2023 monthly Jan 1999 - Oct 2023
Sudan (Barrel/Day th) 205.490 2022 yearly 1960 - 2022
Syria (Barrel/Day th) 32.112 2022 yearly 1960 - 2022
Trinidad and Tobago (Barrel/Day th) 58.904 2019 yearly 1960 - 2019
Tunisia (%) -2.136 Sep 2023 monthly Jan 2001 - Sep 2023
Turkey (Barrel/Day th) 57.518 2019 yearly 1960 - 2019
Turkmenistan (Barrel/Day th) 162.575 2019 yearly 1960 - 2019
Ukraine (Barrel/Day th) 34.260 2019 yearly 1960 - 2019
United Arab Emirates (Barrel/Day th) 2,898.000 Dec 2023 monthly Jan 2002 - Dec 2023
United Kingdom (Barrel/Day th) 723.047 2022 yearly 1960 - 2022
United States (Barrel/Day th) 11,886.901 2022 yearly 1960 - 2022
Venezuela (Barrel/Day th) 786.000 Dec 2023 monthly Jan 2002 - Dec 2023
Yemen (Barrel/Day th) 49.000 2022 yearly 1960 - 2022

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Venezuela Key Series

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Includes 185 key indicators for Venezuela, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.9 2012 yearly 1998 - 2012
National Government Debt (USD mn) 105,131.7 2016 yearly 1996 - 2016
Government Debt: % of GDP (%) 3.5 2016 yearly 1997 - 2016
Forecast: Government Expenditure (VED bn) 77.122 2022 yearly 2018 - 2022
Forecast: Government Net Debt (VED bn) 1,025.990 2022 yearly 2018 - 2022
Forecast: Government Revenue (VED bn) 38.363 2022 yearly 2019 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 14.278 2024 yearly 1983 - 2024
Trade Balance (USD mn) -3,437.1 Oct 2014 monthly Jan 1994 - Oct 2014
Total Exports (USD mn) 196.9 Oct 2014 monthly Jan 1994 - Oct 2014
Total Exports Growth (%) 37.5 Oct 2014 monthly Jan 1995 - Oct 2014
Aluminum: Exports (USD th) 42,334.950 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,928.464 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 3,700.976 2022 yearly 1995 - 2022
Total Imports (USD mn) 3,634.0 Oct 2014 monthly Jan 1994 - Oct 2014
Total Imports Growth (%) -12.8 Oct 2014 monthly Jan 1995 - Oct 2014
Imports: Medicament (USD th) 381,424.669 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 162,048.898 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 360.131 Oct 2023 monthly Jan 1981 - Oct 2023
Total Imports from USA (USD mn) 163.984 Oct 2023 monthly Jan 1981 - Oct 2023
Total Exports to China (USD mn) 31.568 Oct 2023 monthly Jan 2000 - Oct 2023
Total Imports from China (USD mn) 338.293 Oct 2023 monthly Jan 2000 - Oct 2023
Exports: ytd: Netherlands (USD mn) 210.219 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Mexico (USD mn) 31.886 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Transportation (USD mn) 143.917 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Metal (USD mn) 227.068 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Mineral Product (USD mn) 577.323 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Ecuador (USD mn) 8.988 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Chemical Product (USD mn) 1,016.192 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Colombia (USD mn) 240.059 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Electrical Equipment (USD mn) 19.331 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: United States (USD mn) 647.531 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Colombia (USD mn) 1,758.351 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Mineral (USD mn) 1,074.772 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Agricultural (Vegetal) (USD mn) 4,399.031 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Brazil (USD mn) 3,405.413 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Food, Beverages and Tobacco (USD mn) 2,281.712 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Plastic and Manufacturing Product (USD mn) 1,562.038 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Germany (USD mn) 862.891 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: China (USD mn) 4,614.360 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: United States (USD mn) 7,699.659 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Paper (USD mn) 610.290 Oct 2014 monthly Jan 1998 - Oct 2014
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 234.0 Mar 2019 quarterly Mar 1994 - Mar 2019
Current Account Balance (USD mn) 2,533.0 Mar 2019 quarterly Mar 1994 - Mar 2019
Current Account Balance: % of GDP (%) 0.0 2017 yearly 1970 - 2017
Foreign Direct Investment (USD mn) 105.0 Mar 2019 quarterly Mar 1994 - Mar 2019
Foreign Direct Investment: % of GDP (%) -0.0 2017 yearly 1970 - 2017
Foreign Portfolio Investment (USD mn) 581.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Foreign Portfolio Investment: % of GDP (%) -0.0 2017 yearly 1997 - 2017
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Mar 2019 quarterly Mar 1997 - Mar 2019
Foreign Portfolio Investment: Debt Securities (USD mn) 581.000 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt (USD mn) 110,159.0 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: % of GDP (%) 0.6 2017 yearly 1997 - 2017
External Debt: Short Term (USD mn) 44,489.0 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: Short Term: % of GDP (%) 0.2 2017 yearly 1997 - 2017
Forecast: Current Account Balance (USD bn) 3.318 2024 yearly 1980 - 2024
Net International Investment Position (USD mn) 110,721.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Capital Account (USD mn) 0.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Current Account: Goods (USD mn) 5,680.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Portfolio Investment (USD mn) 585.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Portfolio Investment: Liabilities (USD mn) 581.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Reserves: Assets (USD mn) -325.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Direct Investment (USD mn) -129.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Current Account: Income (USD mn) -1,975.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Portfolio Investment: Assets (USD mn) 4.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Other Investment (USD mn) -2,073.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Current Account: Services (USD mn) -1,663.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Net Errors and Omissions (USD mn) -620.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account (USD mn) -1,617.000 Mar 2019 quarterly Mar 1997 - Mar 2019
International Investment Position (IIP) (USD mn) 110,721.000 Mar 2019 quarterly Mar 1997 - Mar 2019
IIP: Assets (USD mn) 220,971.000 Mar 2019 quarterly Mar 1997 - Mar 2019
IIP: Liabilities (USD mn) 110,250.000 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: Private: Total (USD mn) 18,645.000 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: Public: Total (USD mn) 91,514.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.3 Jul 2018 monthly Jan 2004 - Jul 2018
Household Debt: % of GDP (%) 3.4 2017 yearly 2004 - 2017
Non-Performing Loans (USD mn) 6.427 Mar 2023 monthly Jan 2004 - Mar 2023
Money Supply M1 (USD mn) 1,851.883 Dec 2023 monthly Jan 1996 - Dec 2023
Money Supply M2 (USD mn) 1,855.722 Dec 2023 monthly Jan 1996 - Dec 2023
M2 Growth (%) 253.7 Dec 2023 monthly Jan 1997 - Dec 2023
Reserve Requirement Ratio (%) 73.0 Jan 2024 monthly Jan 2004 - Jan 2024
Foreign Exchange Reserves (USD mn) 9,775.0 Nov 2023 monthly Dec 1961 - Nov 2023
Foreign Exchange Reserves: % of GDP (%) 0.048 2017 yearly 1995 - 2017
Foreign Exchange Reserves: Months of Import (NA) 8.0 Oct 2023 monthly Jan 1981 - Oct 2023
Gold Reserves (USD mn) 3,839.547 Dec 2023 monthly Dec 1950 - Dec 2023
Total Deposits (USD mn) 159.256 Mar 2023 monthly Jan 2005 - Mar 2023
Total Deposits Growth (%) 344.5 Mar 2023 monthly Jan 2006 - Mar 2023
Domestic Credit (USD mn) 279,943.9 Aug 2014 monthly Jan 1966 - Aug 2014
Domestic Credit Growth (%) 70.2 Aug 2014 monthly Jan 1967 - Aug 2014
Household Debt (USD mn) 27.5 Mar 2023 monthly Jan 2004 - Mar 2023
Total Loans (USD mn) 881.730 Mar 2023 monthly Jan 2004 - Mar 2023
Total Loans Growth (%) 1,260.58 Mar 2023 monthly Jan 2005 - Mar 2023
Private Debt: % of Nominal GDP (%) 39.51 2014 yearly 1960 - 2014

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