Gross savings in Venezuela
Venezuela: Gross savings was 28.49 billion current US$ in 2016. ◆ Volatile
Gross savings in Venezuela, 1970–2016
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Venezuela recorded 28.49 billion current US$ for gross savings in 2016.
That represents a change of down 33.7% on the previous year and down 84.4% over ten years.
Over the whole period, gross savings in Venezuela peaked at 387.44 billion current US$ in 2010 and was at its lowest, 2.81 billion current US$, in 1983.
Venezuela ranks 63rd of 177 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.91 billion current US$ | 2.82 billion current US$ | 11.44 billion current US$ | 10 |
| 1980s | 11.65 billion current US$ | 2.81 billion current US$ | 16.31 billion current US$ | 10 |
| 1990s | 65.24 billion current US$ | 14.36 billion current US$ | 96.44 billion current US$ | 10 |
| 2000s | 171.65 billion current US$ | 81.45 billion current US$ | 326.47 billion current US$ | 10 |
| 2010s | 146.15 billion current US$ | 28.49 billion current US$ | 387.44 billion current US$ | 7 |
Countries ranked near Venezuela
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 28.49 billion current US$ 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 387.44 billion current US$ in 2010.
- What is the lowest gross savings recorded in Venezuela?
- The lowest recorded value was 2.81 billion current US$ in 1983.
- How does Venezuela rank for gross savings?
- Venezuela ranks 63rd out of 177 countries with data for 2016.
- Is gross savings rising or falling in Venezuela?
- Over the last ten years it is down 84.4%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.