Venezuela Real GDP Growth
The Gross Domestic Product (GDP) in Venezuela contracted 26.8 % YoY in Mar 2019, following a negative growth of 20.2 % in the previous quarter. Real GDP Growth YoY data in Venezuela is updated quarterly, available from Mar 1998 to Mar 2019, with an average rate of 0.8 %. The data reached an all-time high of 36.1 % in Mar 2004 and a record low of -26.8 % in Mar 2019. CEIC calculates Real GDP Growth from quarterly Real GDP. The Central Bank of Venezuela provides Real GDP in local currency, at 1997 prices.
In the latest reports, Nominal GDP of Venezuela reached 20,139.5 USD bn in Dec 2017. Its GDP deflator (implicit price deflator) increased 748.1 % in Dec 2017. GDP Per Capita in Venezuela reached 684,960.4 USD in Dec 2017. Its Gross Savings Rate was measured at -17.8 % in Dec 2017.
View Venezuela's Real GDP Growth from Mar 1998 to Mar 2019 in the chart:
What was Venezuela's Real GDP Growth in Mar 2019?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -26.8 Mar 2019 | -20.2 Dec 2018 | -26.8 Mar 2019 | 36.1 Mar 2004 | % | quarterly | Mar 1998 - Mar 2019 |
Real GDP Growth by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -11.0 Jun 2020 | quarterly | Mar 2010 - Jun 2020 |
| Algeria (%) | -3.9 Mar 2020 | quarterly | Mar 2012 - Mar 2020 |
| Argentina (%) | -19.8 Jun 2020 | quarterly | Mar 2005 - Jun 2020 |
| Armenia (%) | -9.1 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Australia (%) | -6.3 Jun 2020 | quarterly | Sep 1960 - Jun 2020 |
| Austria (%) | -14.5 Jun 2020 | quarterly | Mar 1989 - Jun 2020 |
| Azerbaijan (%) | 0.2 Mar 2020 | quarterly | Mar 2001 - Mar 2020 |
| Bahrain (%) | -8.9 Jun 2020 | quarterly | Mar 2009 - Jun 2020 |
| Bangladesh (%) | 5.2 2020 | yearly | 2007 - 2020 |
| Belarus (%) | -3.3 Jun 2020 | quarterly | Mar 2006 - Jun 2020 |
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| 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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