Venezuela - Gross value added at factor cost (current LCU)

The value for Gross value added at factor cost (current LCU) in Venezuela was 2,700,600,000,000 as of 2014. As the graph below shows, over the past 46 years this indicator reached a maximum value of 2,700,600,000,000 in 2014 and a minimum value of 48,771,500 in 1968.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1968 48,771,500
1969 50,706,900
1970 55,061,500
1971 61,545,000
1972 67,447,900
1973 81,092,300
1974 121,348,100
1975 130,154,000
1976 151,056,100
1977 176,699,800
1978 195,182,700
1979 233,019,300
1980 280,436,000
1981 315,950,100
1982 319,820,900
1983 318,079,100
1984 374,467,200
1985 413,223,100
1986 470,543,200
1987 625,839,700
1988 828,882,900
1989 1,414,152,000
1990 2,173,377,000
1991 2,881,052,000
1992 3,911,067,000
1993 5,144,818,000
1994 8,041,180,000
1995 12,484,310,000
1996 26,808,210,000
1997 38,249,400,000
1998 45,678,690,000
1999 54,638,590,000
2000 74,414,100,000
2001 82,824,910,000
2002 101,105,000,000
2003 127,086,000,000
2004 195,897,000,000
2005 279,317,000,000
2006 362,151,000,000
2007 457,245,000,000
2008 634,019,000,000
2009 653,421,000,000
2010 943,783,000,000
2011 1,252,710,000,000
2012 1,499,550,000,000
2013 2,051,090,000,000
2014 2,700,600,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts