Services, value added in Venezuela
Venezuela: Services, value added was 31.03 billion constant LCU in 2014. ▲ Rising
Services, value added in Venezuela, 1968–2014
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2014, services, value added in Venezuela stood at 31.03 billion constant LCU.
Compared with earlier readings it is down 0.4% on the previous year and up 93.4% over ten years.
Over the whole period, services, value added in Venezuela peaked at 31.14 billion constant LCU in 2013 and was at its lowest, 7.23 billion constant LCU, in 1968.
Venezuela ranks 145th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.46 billion constant LCU | 7.23 billion constant LCU | 7.68 billion constant LCU | 2 |
| 1970s | 11.27 billion constant LCU | 7.72 billion constant LCU | 14.53 billion constant LCU | 10 |
| 1980s | 13.44 billion constant LCU | 12.13 billion constant LCU | 15.00 billion constant LCU | 10 |
| 1990s | 14.85 billion constant LCU | 13.80 billion constant LCU | 15.58 billion constant LCU | 10 |
| 2000s | 18.16 billion constant LCU | 13.92 billion constant LCU | 23.78 billion constant LCU | 10 |
| 2010s | 28.02 billion constant LCU | 23.55 billion constant LCU | 31.14 billion constant LCU | 5 |
Countries ranked near Venezuela
- 142 Lithuania 36.22 billion constant LCU compare
- 143 Papua New Guinea 32.50 billion constant LCU compare
- 144 Slovenia 31.36 billion constant LCU compare
- 146 Sierra Leone 30.04 billion constant LCU compare
- 147 Bosnia and Herzegovina 24.83 billion constant LCU compare
- 148 Jordan 23.81 billion constant 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 services, value added in Venezuela?
- Services, value added in Venezuela was 31.03 billion constant LCU in 2014, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Venezuela?
- The highest recorded value was 31.14 billion constant LCU in 2013.
- What is the lowest services, value added recorded in Venezuela?
- The lowest recorded value was 7.23 billion constant LCU in 1968.
- How does Venezuela rank for services, value added?
- Venezuela ranks 145th out of 198 countries with data for 2014.
- Is services, value added rising or falling in Venezuela?
- Over the last ten years it is up 93.4%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.