Gross fixed capital formation, General government, Current prices in Venezuela
Venezuela: Gross fixed capital formation, General government, Current prices was 2.46 billion in 2019. ◆ Volatile
Gross fixed capital formation, General government, Current prices in Venezuela, 1970–2019
Source: International Monetary Fund.
Analysis
In 2019, gross fixed capital formation, general government, current prices in Venezuela stood at 2.46 billion. That is the highest value across all 50 years on record.
That represents a change of up 12,903.9% on the previous year and up 2,810,120,000.0% over ten years.
Over the whole period, gross fixed capital formation, general government, current prices in Venezuela peaked at 2.46 billion in 2019 and was at its lowest, 0.0122, in 1970.
That places Venezuela 1st out of 174 countries with data for 2019, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation, General government, Current prices in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 0.0122 | — |
| 1971 | 0.0141 | +15.4% |
| 1972 | 0.0167 | +19.0% |
| 1973 | 0.0197 | +17.5% |
| 1974 | 0.0222 | +12.7% |
| 1975 | 0.0323 | +45.8% |
| 1976 | 0.0452 | +39.8% |
| 1977 | 0.0618 | +36.9% |
| 1978 | 0.0758 | +22.6% |
| 1979 | 0.0692 | -8.7% |
| 1980 | 0.0677 | -2.1% |
| 1981 | 0.0737 | +8.8% |
| 1982 | 0.0741 | +0.5% |
| 1983 | 0.0584 | -21.1% |
| 1984 | 0.0276 | -52.8% |
| 1985 | 0.0375 | +35.9% |
| 1986 | 0.0551 | +47.0% |
| 1987 | 0.075 | +36.1% |
| 1988 | 0.1083 | +44.5% |
| 1989 | 0.1605 | +48.1% |
| 1990 | 0.249 | +55.2% |
| 1991 | 0.466 | +87.1% |
| 1992 | 0.6118 | +31.3% |
| 1993 | 0.685 | +12.0% |
| 1994 | 1.04 | +51.7% |
| 1995 | 1.7 | +63.4% |
| 1996 | 3.79 | +123.2% |
| 1997 | 4.45 | +17.4% |
| 1998 | 5.55 | +24.9% |
| 1999 | 4.56 | -17.8% |
| 2000 | 5.4 | +18.4% |
| 2001 | 6.22 | +15.2% |
| 2002 | 10.42 | +67.3% |
| 2003 | 10.01 | -3.9% |
| 2004 | 17.31 | +73.0% |
| 2005 | 24.98 | +44.3% |
| 2006 | 44.68 | +78.9% |
| 2007 | 59.98 | +34.2% |
| 2008 | 83.2 | +38.7% |
| 2009 | 87.59 | +5.3% |
| 2010 | 115.11 | +31.4% |
| 2011 | 155.36 | +35.0% |
| 2012 | 196.18 | +26.3% |
| 2013 | 294.71 | +50.2% |
| 2014 | 387.12 | +31.4% |
| 2015 | 1,406 | +263.2% |
| 2016 | 2,832 | +101.4% |
| 2017 | 24,726 | +773.2% |
| 2018 | 18.93 million | +76451.3% |
| 2019 | 2.46 billion | +12903.9% |
Venezuela compared with similar countries
- Venezuela's 2.46 billion is above the median for lower middle income countries, which is 215.65, 11413613.5× the median. (41 countries reporting)
- Venezuela's 2.46 billion is above the median for Latin America & Caribbean, which is 24.15, 101923662.2× the median. (30 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation, General government, Current prices in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +76451.3% | 24,726 | 18.93 million |
| 2019 | +12903.9% | 18.93 million | 2.46 billion |
| 2017 | +773.2% | 2,832 | 24,726 |
| 2015 | +263.2% | 387.12 | 1,406 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0369 | 0.0122 | 0.0758 | 10 |
| 1980s | 0.0738 | 0.0276 | 0.1605 | 10 |
| 1990s | 2.31 | 0.249 | 5.55 | 10 |
| 2000s | 34.98 | 5.4 | 87.59 | 10 |
| 2010s | 248.03 million | 115.11 | 2.46 billion | 10 |
Countries ranked near Venezuela
More public sector data for Venezuela
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 98.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 3.46 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -23.39 % change on previous year (2016)
Frequently asked questions
- What is gross fixed capital formation, general government, current prices in Venezuela?
- Gross fixed capital formation, general government, current prices in Venezuela was 2.46 billion in 2019, according to International Monetary Fund.
- What is the highest gross fixed capital formation, general government, current prices recorded in Venezuela?
- The highest recorded value was 2.46 billion in 2019.
- What is the lowest gross fixed capital formation, general government, current prices recorded in Venezuela?
- The lowest recorded value was 0.0122 in 1970.
- How does Venezuela rank for gross fixed capital formation, general government, current prices?
- Venezuela ranks 1st out of 174 countries with data for 2019.
- Is gross fixed capital formation, general government, current prices rising or falling in Venezuela?
- Over the last ten years it is up 2,810,120,000.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from International Monetary Fund, published as part of Gross fixed capital formation, General government, Current prices, Domestic currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.