Services, value added in Venezuela
Venezuela: Services, value added was 0.0% in 2011. ◆ Volatile
Services, value added in Venezuela, 1968–2011
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2011, services, value added in Venezuela stood at 0.0%. That is the lowest value across all 44 years on record.
Over the whole period, services, value added in Venezuela peaked at 61.1% in 1983 and was at its lowest, 0.0%, in 1991.
That places Venezuela 205th out of 205 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 | 58.7% | 56.9% | 60.5% | 2 |
| 1970s | 56.0% | 45.0% | 60.6% | 10 |
| 1980s | 46.0% | 34.3% | 61.1% | 10 |
| 1990s | 3.2% | 0.0% | 32.4% | 10 |
| 2000s | 0.0% | 0.0% | 0.0% | 10 |
| 2010s | 0.0% | 0.0% | 0.0% | 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 services, value added in Venezuela?
- Services, value added in Venezuela was 0.0% in 2011, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Venezuela?
- The highest recorded value was 61.1% in 1983.
- What is the lowest services, value added recorded in Venezuela?
- The lowest recorded value was 0.0% in 1991.
- How does Venezuela rank for services, value added?
- Venezuela ranks 205th out of 205 countries with data for 2011.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.