Venezuela: Economic growth forecast

The latest value from 2027 is 6 percent, an increase from 4.04 percent in 2026. In comparison, the world average is 3.50 percent, based on data from 183 countries. Historically, the average for Venezuela from 1980 to 2027 is -0.42 percent. The minimum value, -30 percent, was reached in 2020 while the maximum of 18.29 percent was recorded in 2004. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Year-on-year percent changes in constant price GDP. The base year is country-specific. Expenditure-based GDP is the total final expenditure at purchasers prices including the f.o.b. value of exports of goods and services, less the f.o.b. value of imports of goods and services. The series includes actual historical values for past years and forecast values for the current and the next few years.