GDP, PPP in Venezuela
Venezuela: GDP, PPP was 621.14 billion current international $ in 2011. ▲ Rising
GDP, PPP in Venezuela, 1990–2011
Source: International Comparison Program (ICP), World Bank (WB). Measured in current international $.
Analysis
Venezuela recorded 621.14 billion current international $ for gdp, ppp in 2011. That is the highest value across all 22 years on record.
That represents a change of up 6.3% on the previous year and up 68.6% over ten years.
Over the whole period, gdp, ppp in Venezuela peaked at 621.14 billion current international $ in 2011 and was at its lowest, 231.48 billion current international $, in 1990.
Venezuela ranks 48th of 203 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 299.75 billion current international $ | 231.48 billion current international $ | 344.99 billion current international $ | 10 |
| 2000s | 446.45 billion current international $ | 321.27 billion current international $ | 601.70 billion current international $ | 10 |
| 2010s | 602.81 billion current international $ | 584.49 billion current international $ | 621.14 billion current international $ | 2 |
Countries ranked near Venezuela
- 45 Iraq 670.84 billion current international $ compare
- 46 Czechia 658.52 billion current international $ compare
- 47 Peru 650.60 billion current international $ compare
- 49 Israel 604.50 billion current international $ compare
- 50 Hong Kong 603.08 billion current international $ compare
- 51 Norway 583.77 billion current international $ compare
More economy & growth data for Venezuela
- DEC alternative conversion factor 165.46 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 996.97 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 6.03 billion current US$ (2025)
- Taxes less subsidies on products 0 current LCU (2011)
- Taxes less subsidies on products 0 current US$ (2011)
- Net primary income (Net income from abroad) -264.73 billion current LCU (2025)
- Net primary income (Net income from abroad) -1.60 billion current US$ (2025)
- GNI per capita 568,963 current LCU (2025)
- GNI per capita, Atlas method 3,860 current US$ (2025)
- GNI 16.23 trillion current LCU (2025)
Frequently asked questions
- What is gdp, ppp in Venezuela?
- Gdp, ppp in Venezuela was 621.14 billion current international $ in 2011, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Venezuela?
- The highest recorded value was 621.14 billion current international $ in 2011.
- What is the lowest gdp, ppp recorded in Venezuela?
- The lowest recorded value was 231.48 billion current international $ in 1990.
- How does Venezuela rank for gdp, ppp?
- Venezuela ranks 48th out of 203 countries with data for 2011.
- Is gdp, ppp rising or falling in Venezuela?
- Over the last ten years it is up 68.6%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (current international $). Statizoid updates them automatically from the source API.
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CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.