Gross Domestic Product of Venezuela fell -17% in 2016 compared to last year. This rate is 108 -tenths of one percent less than the previous year, when changed -6.2%.
The GDP figure in 2016 was €102,035$112,912 million, Venezuela is number 58 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Venezuela dropped €11,018$12,534 million with respect to 2015.
The GDP per capita of Venezuela in 2016 was €3,319$3,673, €384$436 less than in 2015, when it was €3,703$4,109. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2006 when the GDP per capita in Venezuela was €5,293$6,647.
If we order the countries according to their GDP per capita, Venezuela is in 121th position, its population has a low level of affluence compare tothe 196 countries whose GDP we publish.
Here we show you the progression of the GDP in Venezuela. You can see GDP in other countries in GDP and see all the economic information about Venezuela in Venezuela's economy.