Venezuela has the world’s largest proven oil reserves, but production has plummeted because of corruption and mismanagement of the state-owned PDVSA oil company.

For details, please see your browser’s Help section (by pressing F1). Other taxes include a value-added tax. (billed annually). State interference continues to hamper private investment, and hostility to foreign investment, coupled with threats of expropriation, persists. Trade Freedom 58.0 Create a Graph using this measurement, Investment Freedom 0.0 Create a Graph using this measurement, Financial Freedom 10.0 Create a Graph using this measurement. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users.

Property Rights 10.1 Create a Graph using this measurement, Judicial Effectiveness 12.6 Create a Graph using this measurement, Government Integrity 14.6 Create a Graph using this measurement. Data Source: World Bank MLA Citation: Similar Country Ranking; Country Name GDP Per Capita (US $) … 1985.

This feature is limited to our corporate solutions. World Bank national accounts data, and OECD National Accounts data files. The Venezuelan economy has been plunging ever more deeply into repression for the past 17 years. Directly accessible data for 170 industries from 50 countries

"Venezuela: Gross domestic product (GDP) per capita in current prices from 1984 to 2021 (in U.S. Poverty. Venezuela: $7,424.00 1950: 5: Australia: $7,218.00 1950: 6: Canada: $7,047.00 1950: 7: Sweden : $6,738.00 1950: 8: Denmark: $6,683.00 ... Economy > GDP per capita in 1950: Countries Compared Map.

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Please see our, Venezuela: Gross domestic product (GDP) per capita in current prices from 1984 to 2021, Life expectancy at birth in Venezuela 2018, Median age of the population in Venezuela 2015, Gross domestic product (GDP) in Venezuela 2019, Gross domestic product (GDP) per capita in Venezuela 2021, Gross domestic product (GDP) growth rate in Venezuela 2021, Venezuela: Share in global GDP adjusted for PPP 2018, Share of economic sectors in the GDP in Venezuela 2014, Employment by economic sector in Venezuela 2019, Youth unemployment rate in Venezuela in 2019, National debt of Venezuela in relation to gross domestic product (GDP) 2018, Ratio of government expenditure to gross domestic product (GDP) in Venezuela 2018, Venezuela's budget balance in relation to GDP 2019, Cumulative cases of COVID-19 worldwide from January 8 to October 12, 2020, by day, Venezuela: main destinations for Venezuelan migrants 2019, Life expectancy at birth in Venezuela 2018, by gender, Peru: income of Venezuelan immigrants 2019, by gender, Peru: main reasons for Venezuelans to emigrate 2018, Mortality rate in Venezuela 2018, by gender, Assessment of corruption in the government in Venezuela from 2006 to 2013, U.S. exports of trade goods to Venezuela 1985-2019, Assessment of confidence in national government in Venezuela from 2006 to 2013, Value of U.S. merchandise trade with Venezuela 2000-2010, Share of Venezuelans who would like to leave the country permanently 2013-2018, Poverty headcount ratio in Venezuela 2015, Assessment of feeling safe in Venezuela from 2010 to 2013, Latin America: feed preservatives market revenue 2018-2023, Chile: kidney beans production volume 2013-2019, Panama Canal: toll revenue 2019, by vessel type, Brazil: swine meat production volume 2010-2019, Annual change of sulfur dioxide (SO₂) discharge China 2010-2015, Venezuela: Gross domestic product (GDP) per capita in current prices from 1984 to 2021 (in U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. All Rights Reserved. Learn more about how Statista can support your business. Venezuela gdp per capita for 2012 was $12,986, a 18.53% increase from 2011. License: CC BY-4.0 Line Bar Map. October 11, 2019. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). The deeply corrupt socialist government’s policies have caused hyperinflation and severe shortages of basic goods that have led to one of the worst economic contractions in history and Latin America’s worst migration crisis. Venezuela gdp per capita for 2013 was $12,457, a 4.07% decline from 2012.

* Estimate.The values have been rounded to provide a better understanding of the statistic. Venezuela: Gross domestic product (GDP) per capita in current prices from 1984 to 2021 (in U.S. dollars) [Graph]. Label. GDP (constant 2010 US$) GDP (current US$) GDP (constant LCU) GDP: linked series (current LCU) GDP… © 2020 by The Heritage Foundation. Please authenticate by going to "My account" → "Administration".

0. maddison's data is pretty close to this data. Expropriations, weak public-sector institutions, nationalizations, overregulation, soaring crime rates, corruption, and a thoroughly politicized judiciary have greatly undermined real property rights in Venezuela. Business Freedom 30.8 Create a Graph using this measurement, Labor Freedom 27.7 Create a Graph using this measurement, Monetary Freedom 0.0 Create a Graph using this measurement. Profit from additional features by authenticating your Admin account.

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Bureaucratic meddling has stymied business operations and halted productivity growth. 1961 - 2014.

2011 international dollars, from 1980 to 2019. Economic freedom has been suffocated in Venezuela under the Maduro regime. The government’s strict control of the labor market severely impedes any job growth. Data will be updated as soon as they are available. * All products require an annual contract; Prices do not include sales tax. Tax Burden 72.8 Create a Graph using this measurement, Government Spending 66.3 Create a Graph using this measurement, Fiscal Health 0.0 Create a Graph using this measurement. $39 per month* IMF. Annual inflation rate, from 1985 to 2019. See how Venezuela compares to another country using any of the measures in the Index. If a transitional government could take power and begin the long return to market democracy, it would have to end hyperinflation, restructure public debt, and rebuild institutions to restore confidence and promote investment. In, IMF. "Venezuela: Gross Domestic Product (Gdp) per Capita in Current Prices from 1984 to 2021 (in U.S. ", IMF, Venezuela: Gross domestic product (GDP) per capita in current prices from 1984 to 2021 (in U.S. dollars) Statista, https://www.statista.com/statistics/371876/gross-domestic-product-gdp-per-capita-in-venezuela/ (last visited October 15, 2020), We use cookies to personalize contents and ads, offer social media features, and analyze access to our website.

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Cuba, Russia, and China have increased their assistance to Maduro, whose regime is otherwise supported by the proceeds from narco-trafficking, illegal gold mining, and in-kind trades of oil for goods. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. COVID-19 deaths worldwide as of October 12, 2020, by country, COVID-19 cases worldwide as of October 12, 2020, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Oct. 12, 2020, New cases of COVID-19 worldwide from January 23 to October 12, 2020, by day. Public debt is equivalent to 175.6 percent of GDP.

Read more about Venezuela Economy. Download Historical Data Save as Image. GDP has contracted severely over the past five years. His successor, Nicolás Maduro, completed the destruction of democratic institutions and established a repressive authoritarian dictatorship in 2017. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Due to the high level of uncertainty in current global economic conditions, the IMF does not offer projections for this economic indicator at this time.

The financial sector is tightly controlled by the state, which often allocates credit based on political expediency. Venezuela remains highly dependent on oil revenues, which account for roughly 95% of export earnings, about 55% of the federal budget revenues, and around 30% of GDP. Are you interested in testing our corporate solutions?

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Venezuela gdp per capita for 2011 was $10,955, a 20.76% decline from 2010.