Venezuela, RB — GDP (PPP)
GDP (PPP) for Venezuela, RB, 1990–2011.
Latest value · 2011
621.14 billion
GDP (PPP) · current international $ · +168.3% since 1990
GDP (PPP) for Venezuela, RB was 621.14 billion in 2011, according to the latest World Bank data. The series covers 22 years, from 1990 to 2011. The latest year is also the highest value on record for this series. The lowest was 231.48 billion in 1990 (about 2.7× the low point). Across that span the compound annual growth rate works out to 4.81% per year.
Venezuela, RB ranks 48 of 201 economies on this measure (1 = highest), putting it in the top 24%. The median for Latin America & Caribbean is 65.06 billion, so Venezuela, RB sits above it. Over the last decade (2001–2011) the figure moved up 69%.
Key figures
Latest (2011)
621.14 billion
First (1990)
231.48 billion
Change
+168.3%
Highest
621.14 billion
in 2011
Lowest
231.48 billion
in 1990
Average
393.98 billion
Annual growth (CAGR)
4.81%
Years of data
22
Recent years
| Year | current international $ |
|---|---|
| 2011 | 621,138,359,437.13 |
| 2010 | 584,490,721,967.48 |
| 2009 | 586,786,849,263.39 |
| 2008 | 601,703,810,130.32 |
| 2007 | 561,065,651,671.39 |
| 2006 | 502,053,728,655.78 |
| 2005 | 443,191,757,908.48 |
| 2004 | 389,980,764,407.56 |
| 2003 | 321,273,316,270.08 |
| 2002 | 341,528,231,830.78 |
| 2001 | 368,455,030,331 |
| 2000 | 348,443,201,877.63 |
Reading this correctly. GDP converted using purchasing power parity rates rather than market exchange rates. Better for comparing living standards between countries; not comparable with the nominal GDP figure. Figures are in current international $. 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.PP.CD — GDP (PPP). 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.