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Venezuela, RB — GDP growth
GDP Growth (Annual %) for Venezuela, RB, 1961–2025.
Latest value · 2025
1.57%
GDP Growth (Annual %) · annual % · -50.8% since 1961
GDP growth for Venezuela, RB was 1.57% in 2025, according to the latest World Bank data. The series covers 65 years, from 1961 to 2025. The highest recorded value was 18.21% in 2004. The lowest was -29.82% in 2020 (about -19.0× the latest value). Across that span the compound annual growth rate works out to -1.10% per year.
Venezuela, RB ranks 159 of 212 economies on this measure (1 = highest), putting it in the top 75%. The median for Latin America & Caribbean is 3.38%, so Venezuela, RB sits below it. It peaked in 2004 and has fallen 91% since. Over the last decade (2015–2025) the figure moved up 125%.
Key figures
Latest (2025)
1.57%
First (1961)
3.19%
Change
-50.8%
Highest
18.21%
in 2004
Lowest
-29.82%
in 2020
Average
0.82%
Annual growth (CAGR)
-1.10%
Years of data
65
Recent years
| Year | annual % |
|---|---|
| 2025 | 1.57% |
| 2024 | 5.52% |
| 2023 | 4.02% |
| 2022 | 8.07% |
| 2021 | 0.63% |
| 2020 | -29.82% |
| 2019 | -27.62% |
| 2018 | -19.64% |
| 2017 | -15.7% |
| 2016 | -17.11% |
| 2015 | -6.19% |
| 2014 | -3.86% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.