Gross savings in Venezuela
Venezuela: Gross savings was 90.55 current LCU in 2016. ◆ Volatile
Gross savings in Venezuela, 1970–2016
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Venezuela recorded 90.55 current LCU for gross savings in 2016. That is the highest value across all 47 years on record.
The figure is up 148.9% on the previous year and up 2,212.4% over ten years.
Over the whole period, gross savings in Venezuela peaked at 90.55 current LCU in 2016 and was at its lowest, 0.0001 current LCU, in 1983.
That places Venezuela 172nd out of 177 countries with data for 2016, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0003 current LCU | 0.0001 current LCU | 0.0005 current LCU | 10 |
| 1980s | 0.0012 current LCU | 0.0001 current LCU | 0.0034 current LCU | 10 |
| 1990s | 0.2111 current LCU | 0.0067 current LCU | 0.5842 current LCU | 10 |
| 2000s | 3.17 current LCU | 0.7859 current LCU | 7 current LCU | 10 |
| 2010s | 25.74 current LCU | 4.94 current LCU | 90.55 current LCU | 7 |
Countries ranked near Venezuela
- 169 Solomon Islands 144.75 million current LCU compare
- 170 Marshall Islands 108.55 million current LCU compare
- 171 Kiribati 66.84 million current LCU compare
- 173 Palau -35.86 million current LCU compare
- 174 East Timor -394.17 million current LCU compare
- 175 Malawi -391.10 billion current LCU 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 gross savings in Venezuela?
- Gross savings in Venezuela was 90.55 current LCU in 2016, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Venezuela?
- The highest recorded value was 90.55 current LCU in 2016.
- What is the lowest gross savings recorded in Venezuela?
- The lowest recorded value was 0.0001 current LCU in 1983.
- How does Venezuela rank for gross savings?
- Venezuela ranks 172nd out of 177 countries with data for 2016.
- Is gross savings rising or falling in Venezuela?
- Over the last ten years it is up 2,212.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.