Manufacturing, value added in Venezuela
Venezuela: Manufacturing, value added was -7.2% in 2014. ◆ Volatile
Manufacturing, value added in Venezuela, 1961–2014
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2014, manufacturing, value added in Venezuela stood at -7.2%.
Compared with earlier readings it is down 2,328.7% on the previous year and down 130.3% over ten years.
Over the whole period, manufacturing, value added in Venezuela peaked at 42.5% in 1997 and was at its lowest, -19.6%, in 1989.
That places Venezuela 183rd out of 191 countries with data for 2014, 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 | 6.1% | 1.2% | 12.0% | 9 |
| 1970s | 6.4% | 2.7% | 12.7% | 10 |
| 1980s | 0.5% | -19.6% | 8.7% | 10 |
| 1990s | 5.3% | -7.3% | 42.5% | 10 |
| 2000s | 0.9% | -13.7% | 23.9% | 10 |
| 2010s | -1.1% | -7.2% | 3.8% | 5 |
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 manufacturing, value added in Venezuela?
- Manufacturing, value added in Venezuela was -7.2% in 2014, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Venezuela?
- The highest recorded value was 42.5% in 1997.
- What is the lowest manufacturing, value added recorded in Venezuela?
- The lowest recorded value was -19.6% in 1989.
- How does Venezuela rank for manufacturing, value added?
- Venezuela ranks 183rd out of 191 countries with data for 2014.
- Is manufacturing, value added rising or falling in Venezuela?
- Over the last ten years it is down 130.3%. 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 Manufacturing, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.