Venezuela, RB — GDP growth
GDP Growth (Annual %) for Venezuela, RB, 1961–2025.
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%. Within Latin America & Caribbean it ranks 31 of 40 economies; Mexico (0.56%) is just below it. Its sharpest one-year move was up 2606% in 1997. That is 118% above this series' own ten-year average.
Data highlights
From its 1961 level: doubled by 1962.
World ranking. Slipped: 71st of 107 in 1961 → 34th of 119 in 1970 → 134th of 152 in 1980 → 35th of 176 in 1990 → 126th of 199 in 2000 → 190th of 209 in 2010 → 206th of 209 in 2020 → 145th of 186 in 2025.
Key figures
Full history — 1961 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 1.57% | -4.0 pp |
| 2024 | 5.52% | +1.5 pp |
| 2023 | 4.02% | -4.1 pp |
| 2022 | 8.07% | +7.4 pp |
| 2021 | 0.63% | +30.4 pp |
| 2020 | -29.82% | -2.2 pp |
| 2019 | -27.62% | -8.0 pp |
| 2018 | -19.64% | -3.9 pp |
| 2017 | -15.7% | +1.4 pp |
| 2016 | -17.11% | -10.9 pp |
| 2015 | -6.19% | -2.3 pp |
| 2014 | -3.86% | -5.2 pp |
| 2013 | 1.3% | -4.4 pp |
| 2012 | 5.68% | +1.6 pp |
| 2011 | 4.12% | +5.7 pp |
| 2010 | -1.59% | +1.5 pp |
| 2009 | -3.08% | -8.3 pp |
| 2008 | 5.22% | -3.6 pp |
| 2007 | 8.81% | -1.1 pp |
| 2006 | 9.89% | -0.3 pp |
| 2005 | 10.19% | -8.0 pp |
| 2004 | 18.21% | +26.0 pp |
| 2003 | -7.75% | +1.0 pp |
| 2002 | -8.73% | -12.1 pp |
| 2001 | 3.41% | -0.1 pp |
| 2000 | 3.54% | +9.5 pp |
| 1999 | -5.94% | -6.4 pp |
| 1998 | 0.48% | -5.9 pp |
| 1997 | 6.35% | +6.6 pp |
| 1996 | -0.25% | -4.2 pp |
| 1995 | 3.95% | +6.3 pp |
| 1994 | -2.31% | -2.6 pp |
| 1993 | 0.26% | -5.8 pp |
| 1992 | 6.01% | -3.6 pp |
| 1991 | 9.58% | +2.9 pp |
| 1990 | 6.71% | +20.7 pp |
| 1989 | -14.01% | -20.4 pp |
| 1988 | 6.43% | +1.5 pp |
| 1987 | 4.91% | -1.3 pp |
| 1986 | 6.19% | +5.5 pp |
| 1985 | 0.66% | -4.5 pp |
| 1984 | 5.17% | +14.8 pp |
| 1983 | -9.66% | -12.2 pp |
| 1982 | 2.56% | +3.8 pp |
| 1981 | -1.26% | +3.2 pp |
| 1980 | -4.42% | -5.2 pp |
| 1979 | 0.76% | -1.6 pp |
| 1978 | 2.35% | -3.9 pp |
| 1977 | 6.27% | -1.5 pp |
| 1976 | 7.73% | +4.8 pp |
| 1975 | 2.9% | +0.8 pp |
| 1974 | 2.07% | -5.0 pp |
| 1973 | 7.11% | +5.8 pp |
| 1972 | 1.28% | -0.2 pp |
| 1971 | 1.48% | -6.2 pp |
| 1970 | 7.71% | +7.0 pp |
| 1969 | 0.71% | -6.6 pp |
| 1968 | 7.34% | +4.5 pp |
| 1967 | 2.83% | +1.3 pp |
| 1966 | 1.51% | -2.7 pp |
| 1965 | 4.16% | -7.0 pp |
| 1964 | 11.13% | +7.2 pp |
| 1963 | 3.9% | -4.6 pp |
| 1962 | 8.53% | +5.3 pp |
| 1961 | 3.19% | — |
Frequently asked questions
What was Venezuela, RB’s GDP growth in 1962?
8.53% (1962). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Venezuela, RB’s GDP growth growing or shrinking?
Between 1961 and 2025 the series was shrinking overall: -50.8% in total — about 1.1% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 1.57%; 2024: 5.52%; 2023: 4.02%; 2022: 8.07%; 2021: 0.63%. Earlier years are in the full-history table below.
Related data
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.