- … The economy of Venezuela is mainly based on petroleum exploitation and manufacturing.
Between 1900 and 1920, Venezuela's per capita GDP had grown at a rate of barely 1.8 percent. Venezuela: GDP/cap growth, 5 years (%). Venezuela, RB. The Gross Domestic Product (GDP) in Venezuela contracted 23.70 percent in the first quarter of 2019 over the previous quarter. GDP Annual Growth Rate in Venezuela is expected to be -30.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. (see Data FAQs) Source: IMF World Economic Outlook Database. Venezuela - GDP New Central Bank data reveals the crisis is only worsening. The economy of Venezuela is based largely on the petroleum and manufacturing sectors and has been in a state of total economic collapse since the mid-2010s. Venezuela economic growth for 2012 was $381.29B, a 20.48% increase from 2011. The percentage change in GDP per capita for the latest 5 years for which data is published.
All of the above publications are by the World Bank.The more recent income distribution data available is for distribution per capita, not per household.
National consumer prices rose 31.5% from the previous month in December, up from November’s 25.7% month-on-month increase, according to data released by the Central Bank of Venezuela (BCV) on 4 February.5 years of economic forecasts for more than 30 economic indicators.National consumer prices surged 52.2% from the previous month in September, up from August’s 34.6% month-on-month jump according to the trove of data released by the Central Bank of Venezuela (BCV) on 19 October.Get a sample report showing our regional, country and commodities data and analysis.National consumer prices rose 38.6% form the previous month in May, up from April’s 27.5% month-on-month increase and marking the highest print in four months, according to data released by the Central Bank of Venezuela (BCV) on 8 June.FocusEconomics panelists see the economy contracting 6.8% in 2020, which is unchanged from last month’s forecast.
Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports. Venezuela GDP (Gross Domestic Product) was INT$179.60billion for 2019 in PPP terms. Venezuela - Venezuela - The economy: The Venezuelan economy is based primarily on the production and exploitation of petroleum. World Bank national accounts data, and OECD National Accounts data files. The average value for Venezuela during that period was 2.81 percent with a minimum of -8.86 percent in 2002 and a maximum of 18.29 percent in 2004. Please do not hesitate to contact me.Unemployment rate in Venezuela 2019Inflation rate in Venezuela 2021Gross domestic product (GDP) in Venezuela 2019Key economic and social indicatorsIndustry insights and forecastsKey figures and rankings about companiesDetailed information about political and social topicsRegister in seconds and access exclusive features.Identify market potentials of the digital futureFind studies from all around the internetEverything you need to know about the industry developmentData sets for your business planDirectly accessible data for 170 industries from 50 countries and over 1 Mio. The statistic shows the growth in real GDP in Venezuela from between 2009 to 2018, with projections up until 2021. GDP growth (annual %) - Venezuela, RB. Country Report 2017 - Includes Venezuela real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. … World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. The collapse in global demand for fuel and U.S. sanctions will cause oil output to crater, hampering the chief engine of economic activity and the key source of foreign exchange. Petroleum alone makes up more than 50% of the country’s total GDP. GDP Growth Rate in Venezuela averaged -0.08 percent from 1997 until 2019, reaching an all time high of 26.20 percent in the second quarter of 2003 and a record low of -24.40 percent in the first quarter of 2003. After oil was discovered in Venezuela in 1922 during the Maracaibo strike, Venezuela's dictator Juan Vicente Gómez allowed American oil companies to write Venezuela's petroleum law. The statistic shows the growth in real GDP in Venezuela from between 2009 to 2018, with projections up until 2021. The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Content Marketing & Information Design for your projects:Are you interested in testing our corporate solutions?