Venezuela: GDP, current U.S. dollars

The latest value from 2014 is 482.36 billion U.S. dollars, an increase from 371.01 billion U.S. dollars in 2013. In comparison, the world average is 412.12 billion U.S. dollars, based on data from 193 countries. Historically, the average for Venezuela from 1960 to 2014 is 96.93 billion U.S. dollars. The minimum value, 7.66 billion U.S. dollars, was reached in 1960 while the maximum of 482.36 billion U.S. dollars was recorded in 2014. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.