Venezuela Real GDP Growth
1998 - 2019 | Quarterly | % | CEIC Data
Key information about 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 4.4 %.
- The data reached an all-time high of 36.1 % in Mar 2004 and a record low of -26.8 % in Mar 2019.
Related information about Venezuela Real GDP Growth
- 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 640,750.5 USD in Dec 2017.
- Its Gross Savings Rate was measured at -17.8 % in Dec 2017.
- For Nominal GDP contributions, Investment accounted for -3.7 % in Dec 2017.
- Public Consumption accounted for 9.0 % in Dec 2017.
- Private Consumption accounted for 100.5 % 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?
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. See the table below for more data.
| 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
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 3.7 Jun 2025 | quarterly | Mar 1997 - Jun 2025 |
| Algeria (%) | 3.9 Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Argentina (%) | 6.7 Jun 2025 | quarterly | Mar 2005 - Jun 2025 |
| Armenia (%) | 6.2 Sep 2025 | quarterly | Mar 2001 - Sep 2025 |
| Australia (%) | 1.8 Jun 2025 | quarterly | Sep 1960 - Jun 2025 |
| Austria (%) | 0.6 Sep 2025 | quarterly | Mar 1989 - Sep 2025 |
| Azerbaijan (%) | 2.5 Jun 2025 | quarterly | Mar 2001 - Jun 2025 |
| Bahrain (%) | 2.5 Jun 2025 | quarterly | Mar 2009 - Jun 2025 |
| Bangladesh (%) | 4.0 2025 | yearly | 2007 - 2025 |
| Belarus (%) | 1.0 Jun 2025 | quarterly | Mar 2006 - Jun 2025 |
| Belgium (%) | 1.0 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Bolivia (%) | -2.6 Dec 2024 | quarterly | Mar 1991 - Dec 2024 |
| Bosnia and Herzegovina (%) | 1.8 Jun 2025 | quarterly | Mar 2009 - Jun 2025 |
| Botswana (%) | -5.3 Jun 2025 | quarterly | Mar 1995 - Jun 2025 |
| Brazil (%) | 2.6 Jun 2025 | quarterly | Mar 1997 - Jun 2025 |
| Brunei (%) | -0.3 Jun 2025 | quarterly | Mar 2005 - Jun 2025 |
| Bulgaria (%) | 3.2 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Cambodia (%) | 5.1 2022 | yearly | 1994 - 2022 |
| Canada (%) | 1.4 Sep 2025 | quarterly | Mar 1962 - Sep 2025 |
| Chile (%) | 1.9 Sep 2025 | quarterly | Mar 1987 - Sep 2025 |
| China (%) | 4.8 Sep 2025 | quarterly | Mar 1992 - Sep 2025 |
| Colombia (%) | 3.4 Sep 2025 | quarterly | Mar 2001 - Sep 2025 |
| Croatia (%) | 2.3 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Cyprus (%) | 3.6 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Czech Republic (%) | 2.8 Sep 2025 | quarterly | Mar 1997 - Sep 2025 |
| Denmark (%) | 3.9 Sep 2025 | quarterly | Mar 1992 - Sep 2025 |
| Ecuador (%) | 4.1 Jun 2025 | quarterly | Mar 1994 - Jun 2025 |
| Egypt (%) | 5.3 Sep 2025 | quarterly | Sep 2002 - Sep 2025 |
| Estonia (%) | 0.9 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| European Union (%) | 1.6 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Finland (%) | -0.7 Sep 2025 | quarterly | Mar 1976 - Sep 2025 |
| France (%) | 0.9 Sep 2025 | quarterly | Mar 1950 - Sep 2025 |
| Georgia (%) | 7.4 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| Germany (%) | 0.3 Sep 2025 | quarterly | Mar 1992 - Sep 2025 |
| Ghana (%) | 1.4 Jun 2025 | quarterly | Jun 2006 - Jun 2025 |
| Greece (%) | 1.7 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Hong Kong SAR, China (%) | 3.9 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| Hungary (%) | 0.6 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Iceland (%) | 0.2 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| India (%) | 8.2 Sep 2025 | quarterly | Jun 2005 - Sep 2025 |
| Indonesia (%) | 5.0 Sep 2025 | quarterly | Mar 1994 - Sep 2025 |
| Iran (%) | -0.4 Jun 2025 | quarterly | Jun 1989 - Jun 2025 |
| Ireland (%) | 12.3 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Israel (%) | 3.5 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Italy (%) | 0.4 Sep 2025 | quarterly | Mar 1982 - Sep 2025 |
| Ivory Coast (%) | 6.0 2024 | yearly | 1966 - 2024 |
| Japan (%) | 1.1 Sep 2025 | quarterly | Mar 1956 - Sep 2025 |
| Jordan (%) | 2.8 Jun 2025 | quarterly | Mar 1993 - Jun 2025 |
| Kazakhstan (%) | 7.5 Jun 2025 | quarterly | Mar 1995 - Jun 2025 |
| Kenya (%) | 5.1 Jun 2025 | quarterly | Mar 2010 - Jun 2025 |
| South Korea (%) | 1.7 Sep 2025 | quarterly | Mar 1961 - Sep 2025 |
| Kosovo (%) | 4.6 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Kuwait (%) | -2.1 Jun 2025 | quarterly | Jun 2010 - Jun 2025 |
| Kyrgyzstan (%) | 10.0 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Laos (%) | 4.3 2024 | yearly | 2003 - 2024 |
| Latvia (%) | 1.8 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Lebanon (%) | 0.5 2023 | yearly | 2012 - 2023 |
| Lithuania (%) | 2.1 Sep 2025 | quarterly | Jun 1995 - Sep 2025 |
| Luxembourg (%) | -0.2 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Macau SAR, China (%) | 8.0 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| North Macedonia (%) | 3.4 Jun 2025 | quarterly | Mar 2001 - Jun 2025 |
| Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
| Malaysia (%) | 5.2 Sep 2025 | quarterly | Mar 2001 - Sep 2025 |
| Malta (%) | 4.6 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
| Mauritius (%) | 4.2 Mar 2025 | quarterly | Mar 2001 - Mar 2025 |
| Mexico (%) | -0.2 Sep 2025 | quarterly | Mar 1981 - Sep 2025 |
| Moldova (%) | 1.1 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Mongolia (%) | 6.5 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| Montenegro (%) | 3.1 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Morocco (%) | 5.5 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
| Myanmar (%) | 3.3 2023 | yearly | 2011 - 2023 |
| Nepal (%) | 2.2 Dec 2024 | quarterly | Dec 2004 - Dec 2024 |
| Netherlands (%) | 1.4 Sep 2025 | quarterly | Mar 1997 - Sep 2025 |
| New Zealand (%) | 0.0 Jun 2025 | quarterly | Jun 1983 - Jun 2025 |
| Nigeria (%) | 4.2 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Norway (%) | 2.2 Sep 2025 | quarterly | Mar 1979 - Sep 2025 |
| Oman (%) | 1.6 2024 | yearly | 1999 - 2024 |
| Pakistan (%) | 3.7 2025 | yearly | 2001 - 2025 |
| Palestinian Territory (%) | 0.5 Jun 2025 | quarterly | Jun 2000 - Jun 2025 |
| Panama (%) | 3.4 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Paraguay (%) | 5.9 Jun 2025 | quarterly | Mar 1995 - Jun 2025 |
| Peru (%) | 3.4 Sep 2025 | quarterly | Mar 1981 - Sep 2025 |
| Philippines (%) | 4.3 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Poland (%) | 3.8 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
| Qatar (%) | 1.9 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Romania (%) | 1.4 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Russia (%) | 1.3 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Serbia (%) | 2.0 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Singapore (%) | 4.2 Sep 2025 | quarterly | Mar 1976 - Sep 2025 |
| Slovakia (%) | 0.9 Sep 2025 | quarterly | Mar 1994 - Sep 2025 |
| Slovenia (%) | 1.6 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| South Africa (%) | 1.1 Jun 2025 | quarterly | Mar 1961 - Jun 2025 |
| Spain (%) | 2.8 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Sri Lanka (%) | 4.9 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
| Sweden (%) | 2.5 Sep 2025 | quarterly | Mar 1982 - Sep 2025 |
| Switzerland (%) | 0.5 Sep 2025 | quarterly | Mar 1966 - Sep 2025 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doVenezuela Key Series
| 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) | 866.735 2024 | yearly | 2018 - 2024 |
| Forecast: Government Net Debt (VED bn) | 8,100.399 2024 | yearly | 2018 - 2024 |
| Forecast: Government Revenue (VED bn) | 689.272 2024 | yearly | 2019 - 2024 |
| 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) | 138,812.131 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 3,233.245 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 30,968.976 2024 | yearly | 1995 - 2024 |
| 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) | 582,046.303 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 537,936.988 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 81.921 Aug 2025 | monthly | Jan 1981 - Aug 2025 |
| Total Imports from USA (USD mn) | 181.072 Aug 2025 | monthly | Jan 1981 - Aug 2025 |
| Total Exports to China (USD mn) | 61.511 Aug 2025 | monthly | Jan 2000 - Aug 2025 |
| Total Imports from China (USD mn) | 611.191 Aug 2025 | monthly | Jan 2000 - Aug 2025 |
| 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: Colombia (USD mn) | 240.059 Oct 2014 | monthly | Jan 1998 - Oct 2014 |
| Exports: ytd: Ecuador (USD mn) | 8.988 Oct 2014 | monthly | Jan 1998 - Oct 2014 |
| Exports: ytd: Electrical Equipment (USD mn) | 19.331 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: United States (USD mn) | 647.531 Oct 2014 | monthly | Jan 1998 - Oct 2014 |
| Exports: ytd: Mineral Product (USD mn) | 577.323 Oct 2014 | monthly | Jan 1998 - Oct 2014 |
| 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 |
| Imports: ytd: Colombia (USD mn) | 1,758.351 Oct 2014 | monthly | Jan 1998 - Oct 2014 |
| Imports: ytd: Brazil (USD mn) | 3,405.413 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: Agricultural (Vegetal) (USD mn) | 4,399.031 Oct 2014 | monthly | Jan 1998 - Oct 2014 |
| Imports: ytd: Paper (USD mn) | 610.290 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: 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: Mineral (USD mn) | 1,074.772 Oct 2014 | monthly | Jan 1998 - Oct 2014 |
| Export Value Index (2015=100) | 9.582 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 23.312 2021 | yearly | 1980 - 2021 |
| 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) | -0.484 2026 | yearly | 1980 - 2026 |
| Net International Investment Position (USD mn) | 110,721.000 Mar 2019 | quarterly | Mar 1997 - Mar 2019 |
| Balance of Payments: Financial Account (USD mn) | -1,617.000 Mar 2019 | quarterly | Mar 1997 - Mar 2019 |
| Balance of Payments: Financial Account: Portfolio Investment: Liabilities (USD mn) | 581.000 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: Other Investment (USD mn) | -2,073.000 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: Reserves: Assets (USD mn) | -325.000 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: Current Account: Goods (USD mn) | 5,680.000 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: Capital Account (USD mn) | 0.000 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: Financial Account: Direct Investment (USD mn) | -129.000 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: Public: Total (USD mn) | 91,514.000 Mar 2019 | quarterly | Mar 1997 - Mar 2019 |
| External Debt: Private: Total (USD mn) | 18,645.000 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) | 2,574.727 Oct 2025 | monthly | Jan 1996 - Oct 2025 |
| Money Supply M2 (USD mn) | 2,577.317 Oct 2025 | monthly | Jan 1996 - Oct 2025 |
| M2 Growth (%) | 297.6 Oct 2025 | monthly | Jan 1997 - Oct 2025 |
| Reserve Requirement Ratio (%) | 73.0 Nov 2025 | monthly | Jan 2004 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 13,561.0 Nov 2025 | monthly | Dec 1961 - Nov 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 0.048 2017 | yearly | 1995 - 2017 |
| Foreign Exchange Reserves: Months of Import (NA) | 7.7 Aug 2025 | monthly | Jan 1981 - Aug 2025 |
| Gold Reserves (USD mn) | 6,832.969 Oct 2025 | monthly | Dec 1950 - Oct 2025 |
| 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 |
| International Reserve: Total (USD mn) | 10,397.000 Jan 2025 | monthly | Jan 1996 - Jan 2025 |
More Indicators for Venezuela
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