Venezuela Nominal GDP

1995 - 2017 | Yearly | USD mn | CEIC Data

Venezuela Nominal GDP reached 20,139.5 USD bn in Dec 2017, compared with 3,035.9 USD bn in the previous year. Nominal GDP in Venezuela is updated yearly, available from Dec 1995 to Dec 2017, with an average number of 183.6 USD bn. The data reached an all-time high of 20,139.5 USD bn in Dec 2017 and a record low of 70.7 USD bn in Dec 1996. CEIC converts annual Nominal GDP into USD. The Central Bank of Venezuela provides Nominal GDP in local currency based on SNA 1993 with benchmark year 1997. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to 1997 is based on SNA 1968 with previous benchmark year 1984.

In the latest reports, Venezuela GDP contracted 26.8 % YoY in Mar 2019. Its GDP deflator (implicit price deflator) increased 748.1 % in Dec 2017. Venezuela GDP Per Capita reached 684,960.4 USD in Dec 2017. Its Gross Savings Rate was measured at -17.8 % in Dec 2017.

View Venezuela's Nominal GDP from 1995 to 2017 in the chart:

Venezuela Nominal GDP

What was Venezuela's Nominal GDP in 2017?

Last Previous Min Max Unit Frequency Range
20,139,533.8 2017 3,035,878.4 2016 70,683.0 1996 20,139,533.8 2017 USD mn yearly 1995 - 2017

Nominal GDP by Country Comparison

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Includes Nominal GDP on 114 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) 3,216.2 Jun 2020 quarterly Mar 2008 - Jun 2020
Algeria (USD mn) 40,083.4 Mar 2020 quarterly Mar 1999 - Mar 2020
Argentina (USD mn) 87,180.6 Jun 2020 quarterly Mar 2004 - Jun 2020
Armenia (USD mn) 3,593.3 Sep 2020 quarterly Dec 1994 - Sep 2020
Australia (USD mn) 307,619.3 Jun 2020 quarterly Sep 1959 - Jun 2020
Austria (USD mn) 112,574.1 Sep 2020 quarterly Mar 1988 - Sep 2020
Azerbaijan (USD mn) 10,668.2 Mar 2020 quarterly Mar 2001 - Mar 2020
Bahrain (USD mn) 7,943.7 Jun 2020 quarterly Mar 2007 - Jun 2020
Bangladesh (USD mn) 329,803.7 2020 yearly 1960 - 2020
Belarus (USD mn) 13,789.2 Jun 2020 quarterly Mar 1994 - Jun 2020

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Venezuela Key Series

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Includes 193 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 (VES bn) 29,364.241 2019 yearly 2004 - 2019
Forecast: Government Net Debt (VES bn) 320,039.192 2019 yearly 2003 - 2019
Forecast: Government Revenue (VES bn) 15,616.769 2019 yearly 2004 - 2019

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