Venezuela GDP Growth Rate (YoY)

Venezuela's year-over-year GDP growth reached an all-time high of 8.71% in 2025. This is an increase from the 6.65% growth recorded in 2024. The economic expansion is driven by a recovery in the oil sector which saw an 18.23% increase in activity in the first quarter of 2025. The mining sector also contributed, growing by 13.46% in the same period. Venezuela's record low GDP annual growth rate (YoY) was -30% in 2020 and record high was 8.71% in 2025.

Yearly Historical Data (2015-2025)

(in %)

Year	GDP Growth Rate (YoY)
2025	8.7%
2024	6.7%
2023	4%
2022	8%
2021	0.5%
2020	-30%
2019	-27.7%
2018	-20.2%
2017	-18.9%
2016	-17.9%
2015	-10.2%

Venezuela GDP Growth Rate (YoY) : Definition

Venezuela's year-over-year GDP annual growth rate shows the percentage change in the nation's total economic output compared to the previous year. It is calculated by comparing the Gross Domestic Product value of a given year against the value from the year before. This metric reflects the overall expansion or contraction of the Venezuelan economy.