Gross value added at basic prices (GVA) in Venezuela
Venezuela: Gross value added at basic prices (GVA) was 0 current LCU in 2011. ◆ Volatile
Gross value added at basic prices (GVA) in Venezuela, 1968–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2011, gross value added at basic prices (gva) in Venezuela stood at 0 current LCU. That is the lowest value across all 44 years on record.
Over the whole period, gross value added at basic prices (gva) in Venezuela peaked at 0.0217 current LCU in 1990 and was at its lowest, 0 current LCU, in 1991.
That places Venezuela 206th out of 206 countries with data for 2011, 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 |
|---|---|---|---|---|
| 1960s | 0.0005 current LCU | 0.0005 current LCU | 0.0005 current LCU | 2 |
| 1970s | 0.0013 current LCU | 0.0006 current LCU | 0.0023 current LCU | 10 |
| 1980s | 0.0054 current LCU | 0.0028 current LCU | 0.0141 current LCU | 10 |
| 1990s | 0.0022 current LCU | 0 current LCU | 0.0217 current LCU | 10 |
| 2000s | 0 current LCU | 0 current LCU | 0 current LCU | 10 |
| 2010s | 0 current LCU | 0 current LCU | 0 current LCU | 2 |
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 value added at basic prices (gva) in Venezuela?
- Gross value added at basic prices (gva) in Venezuela was 0 current LCU in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Venezuela?
- The highest recorded value was 0.0217 current LCU in 1990.
- What is the lowest gross value added at basic prices (gva) recorded in Venezuela?
- The lowest recorded value was 0 current LCU in 1991.
- How does Venezuela rank for gross value added at basic prices (gva)?
- Venezuela ranks 206th out of 206 countries with data for 2011.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.