Real GDP Growth: Venezuela
Venezuela's real gdp growth is currently -3.0% as of 2026. # Venezuela Real GDP Growth Venezuela's economy contracted by 3% in 2026, marking a return to negative growth after five consecutive years of expansion.
Current (2026)
-3.0%
-700.0% y/y
Peak (2004)
18.3%
Low (2020)
-30.0%
Source
IMF World Economic Outlook
1980–2026 · 47 pts
Real GDP Growth — Venezuela
1980 — 2026
Real GDP Growth — Venezuela
Analysis# Venezuela Real GDP Growth
Venezuela's economy contracted by 3% in 2026, marking a return to negative growth after five consecutive years of expansion. The country remains far below its all-time peak of 18.3% growth in 2004, when oil revenues fueled rapid expansion. The 2026 contraction represents a modest decline compared to the catastrophic -30% contraction of 2020, when Venezuela's economy reached its lowest point in the 46-year data range. Since 1980, Venezuela has achieved cumulative real GDP growth of just 38.8%, reflecting decades of economic volatility and stagnation.
The period from 2017 to 2020 saw Venezuela's economy collapse, contracting by a combined 93.1%. A sharp recovery began in 2021 with 1% growth, accelerating to 8% in 2022 before moderating to 5.3% by 2024. The recent slowdown—from 5.3% in 2024 to 0.5% in 2025 and -3% in 2026—suggests the recovery momentum has stalled, signaling renewed economic headwinds ahead.
Historical Data
47 Rows| Year | Value | Change % |
|---|---|---|
| 2026 | -3.0% | -700.00% |
| 2025 | 0.5% | -90.57% |
| 2024 | 5.3% | +32.50% |
| 2023 | 4.0% | -50.00% |
| 2022 | 8.0% | +700.00% |
| 2021 | 1.0% | +103.33% |
| 2020 | -30.0% | -8.30% |
| 2019 | -27.7% | -40.61% |
| 2018 | -19.7% | -25.48% |
| 2017 | -15.7% | +7.65% |
| 2016 | -17.0% | -174.19% |
| 2015 | -6.2% | -58.97% |
| 2014 | -3.9% | -400.00% |
| 2013 | 1.3% | -76.79% |
| 2012 | 5.6% | +33.33% |
| 2011 | 4.2% | +380.00% |
| 2010 | -1.5% | +53.13% |
| 2009 | -3.2% | -160.38% |
| 2008 | 5.3% | -39.77% |
| 2007 | 8.8% | -11.11% |
Show all 47 rows
| Year | Value | Change % |
|---|---|---|
| 2006 | 9.9% | -3.88% |
| 2005 | 10.3% | -43.72% |
| 2004 | 18.3% | +334.62% |
| 2003 | -7.8% | +12.36% |
| 2002 | -8.9% | -361.76% |
| 2001 | 3.4% | -8.11% |
| 2000 | 3.7% | +161.67% |
| 1999 | -6.0% | -2100.00% |
| 1998 | 0.3% | -95.31% |
| 1997 | 6.4% | +3300.00% |
| 1996 | -0.2% | -105.00% |
| 1995 | 4.0% | +273.91% |
| 1994 | -2.3% | -866.67% |
| 1993 | 0.3% | -95.08% |
| 1992 | 6.1% | -37.11% |
| 1991 | 9.7% | +49.23% |
| 1990 | 6.5% | +146.76% |
| 1989 | -13.9% | -313.85% |
| 1988 | 6.5% | +35.42% |
| 1987 | 4.8% | -21.31% |
| 1986 | 6.1% | +577.78% |
| 1985 | 0.9% | -82.69% |
| 1984 | 5.2% | +152.53% |
| 1983 | -9.9% | -480.77% |
| 1982 | 2.6% | +300.00% |
| 1981 | -1.3% | +73.47% |
| 1980 | -4.9% | — |
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