Venezuela: Share of industry

The latest value from 2011 is 0 percent, unchanged from 0 percent in 2010. In comparison, the world average is 27.39 percent, based on data from 188 countries. Historically, the average for Venezuela from 1968 to 2011 is 25.17 percent. The minimum value, 0 percent, was reached in 1991 while the maximum of 58.26 percent was recorded in 1974. See the global rankings for that indicator or use the country comparator to compare trends over time.

The importance of industry in the economy of Venezuela and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.

Definition: Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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.