Venezuela GDP Growth Rate (2026)
Venezuela has an oil-rich Latin American economy supported by energy, services, trade, and domestic consumption. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+4.0%
Annual real GDP growth
World Rank
#53
Out of 195 countries
Change vs 2025
+2.5 pp
2025: +1.5%
South America Rank
#3
Out of 12 countries
1. Venezuela GDP Growth Rate in 2026
Venezuelan economic growth is strongly influenced by oil production, domestic demand, currency conditions, and access to international markets. Sanctions and inflation remain major factors.
2. Venezuela GDP Growth Rate Trends (1980–2026)
Venezuela’s growth history has been marked by oil booms, severe contractions, inflation, currency instability, and major structural disruptions. Energy remains central to the economy.
3. Venezuela GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +4.0% | +2.5 pp |
| 2025 | +1.5% | -3.8 pp |
| 2024 | +5.3% | +1.3 pp |
| 2023 | +4.0% | -4.0 pp |
| 2022 | +8.0% | +7.0 pp |
| 2021 | +1.0% | +31.0 pp |
| 2020 | -30.0% | -2.3 pp |
| 2019 | -27.7% | -8.0 pp |
| 2018 | -19.7% | -4.0 pp |
| 2017 | -15.7% | +1.3 pp |
| 2016 | -17.0% | -10.8 pp |
| 2015 | -6.2% | -2.3 pp |
| 2014 | -3.9% | -5.2 pp |
| 2013 | +1.3% | -4.3 pp |
| 2012 | +5.6% | +1.4 pp |
| 2011 | +4.2% | +5.7 pp |
| 2010 | -1.5% | +1.7 pp |
| 2009 | -3.2% | -8.5 pp |
| 2008 | +5.3% | -3.5 pp |
| 2007 | +8.8% | -1.1 pp |
| 2006 | +9.9% | -0.4 pp |
| 2005 | +10.3% | -8.0 pp |
| 2004 | +18.3% | +26.1 pp |
| 2003 | -7.8% | +1.1 pp |
| 2002 | -8.9% | -12.3 pp |
| 2001 | +3.4% | -0.3 pp |
| 2000 | +3.7% | +9.7 pp |
| 1999 | -6.0% | -6.3 pp |
| 1998 | +0.3% | -6.1 pp |
| 1997 | +6.4% | +6.6 pp |
| 1996 | -0.2% | -4.2 pp |
| 1995 | +4.0% | +6.3 pp |
| 1994 | -2.3% | -2.6 pp |
| 1993 | +0.3% | -5.8 pp |
| 1992 | +6.1% | -3.6 pp |
| 1991 | +9.7% | +3.2 pp |
| 1990 | +6.5% | +20.4 pp |
| 1989 | -13.9% | -20.4 pp |
| 1988 | +6.5% | +1.7 pp |
| 1987 | +4.8% | -1.3 pp |
| 1986 | +6.1% | +5.2 pp |
| 1985 | +0.9% | -4.3 pp |
| 1984 | +5.2% | +15.1 pp |
| 1983 | -9.9% | -12.5 pp |
| 1982 | +2.6% | +3.9 pp |
| 1981 | -1.3% | +3.6 pp |
| 1980 | -4.9% | — |
4. Venezuela GDP Growth Performance
Current Growth Rate
+4.0%
(2026 to 2026)
5-Year Average
+4.6%
(2022 to 2026)
10-Year Average
-6.9%
(2017 to 2026)
20-Year Average
-3.8%
(2007 to 2026)
The economy can improve when oil production and domestic activity recover, but weak institutions, inflation, and limited investment continue to constrain broader growth.
5. Venezuela GDP Growth Rate vs South America and World
Venezuela
+4.0%
South America Average
+3.5%
World Average
+2.8%
0.0%
2.0%
4.0%
Annual real GDP growth (%)
Venezuela’s GDP growth rate is approximately
0.5 pp
above the
South America average
and
1.2 pp
above the world average.
6. Venezuela GDP Growth Rate Ranking in South America
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #1 | Guyana | +16.2% |
| #2 | Paraguay | +4.2% |
| #3 | Venezuela | +4.0% |
| #4 | Suriname | +3.9% |
| #5 | Argentina | +3.5% |
| #6 | Peru | +2.8% |
| #7 | Ecuador | +2.5% |
| #8 | Chile | +2.4% |
| #9 | Colombia | +2.3% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Venezuela
Venezuela GDP (Nominal)
$111.3 Billion
(2026)
Venezuela GDP Growth Rate
+4.0%
(2026)
Venezuela’s performance is far more volatile than most regional economies because of its dependence on oil and prolonged macroeconomic instability. External restrictions also strongly affect relative growth.
Explore more:
Venezuela GDP
9. Venezuela GDP Growth Rate Forecast
The outlook depends on oil production, sanctions, inflation, investment, and political conditions. Institutional weakness and limited access to finance remain major risks.
Forecast data is currently unavailable for
Venezuela.
10. Venezuela GDP Growth Rate: Key Findings
Venezuela GDP growth rate is estimated at +4.0% in 2026.
It ranks #53 globally and #3 in South America by annual GDP growth rate.
The growth rate accelerated by 2.5 percentage points compared with 2025.
The 5-year average GDP growth rate is +4.6%.
The 10-year average GDP growth rate is -6.9%.
The current rate is 0.5 percentage points above the South America average.
The current rate is 1.2 percentage points above the world average.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Venezuela GDP Growth Rate FAQs
Venezuela GDP growth rate is estimated at +4.0% in 2026.
Venezuela ranks #53 globally and #3 in South America by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +4.0% in 2026.
Venezuela GDP growth rate was -6.2% in 2015.
Venezuela GDP growth rate is 0.5 percentage points above the South America average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.