Africa's Development: Sectoral breakdown of the economy Oil in Venezuela
Venezuela: Africa's Development: Sectoral breakdown of the economy Oil was 11.3 Percentage of GDP in 2014. ▼ Falling
Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of in Venezuela, 2000–2014
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Venezuela recorded 11.3 Percentage of GDP for africa's development dynamics (afdd) table 08 - sectoral breakdown of in 2014.
The figure is down 32.6% on the previous year and down 51.0% over ten years.
Over the whole period, africa's development dynamics (afdd) table 08 - sectoral breakdown of in Venezuela peaked at 28.05 Percentage of GDP in 2005 and was at its lowest, 9.96 Percentage of GDP, in 2009.
Venezuela ranks 17th of 162 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 15 years of available data.
Africa's Development: Sectoral breakdown of the economy Oil in Venezuela, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 20 Percentage of GDP | — |
| 2001 | 14.81 Percentage of GDP | -26.0% |
| 2002 | 18.75 Percentage of GDP | +26.6% |
| 2003 | 21.18 Percentage of GDP | +13.0% |
| 2004 | 23.09 Percentage of GDP | +9.0% |
| 2005 | 28.05 Percentage of GDP | +21.5% |
| 2006 | 26.82 Percentage of GDP | -4.4% |
| 2007 | 21.62 Percentage of GDP | -19.4% |
| 2008 | 22.67 Percentage of GDP | +4.9% |
| 2009 | 9.96 Percentage of GDP | -56.1% |
| 2010 | 11.69 Percentage of GDP | +17.4% |
| 2011 | 23.14 Percentage of GDP | +97.9% |
| 2012 | 17.94 Percentage of GDP | -22.5% |
| 2013 | 16.78 Percentage of GDP | -6.5% |
| 2014 | 11.3 Percentage of GDP | -32.6% |
Venezuela compared with similar countries
- Venezuela's 11.3 Percentage of GDP is above the median for lower middle income countries, which is 0.001 Percentage of GDP, 11173.4× the median. (41 countries reporting)
- Venezuela's 11.3 Percentage of GDP is above the median for Latin America & Caribbean, which is 0.073 Percentage of GDP, 154.9× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.69 Percentage of GDP | 9.96 Percentage of GDP | 28.05 Percentage of GDP | 10 |
| 2010s | 16.17 Percentage of GDP | 11.3 Percentage of GDP | 23.14 Percentage of GDP | 5 |
Countries ranked near Venezuela
- 14 Qatar 15.28 Percentage of GDP compare
- 15 Kazakhstan 14.84 Percentage of GDP compare
- 16 Algeria 14.46 Percentage of GDP compare
- 16 Syrian Arab Republic 4.02 Percentage of GDP compare
- 18 Bahrain 10.94 Percentage of GDP compare
- 18 Croatia 0.2804 Percentage of GDP compare
- 19 Madagascar 0.0838 Percentage of GDP compare
- 19 South Sudan 10.39 Percentage of GDP compare
- 20 Brunei Darussalam 10.37 Percentage of GDP compare
More reference data data for Venezuela
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.34 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 6.85 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 10.29 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2667 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.29 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 4.49 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.91 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 38.02 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 53.46 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.45 (2050)
Frequently asked questions
- What is africa's development dynamics (afdd) table 08 - sectoral breakdown of in Venezuela?
- Africa's development dynamics (afdd) table 08 - sectoral breakdown of in Venezuela was 11.3 Percentage of GDP in 2014, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 08 - sectoral breakdown of recorded in Venezuela?
- The highest recorded value was 28.05 Percentage of GDP in 2005.
- What is the lowest africa's development dynamics (afdd) table 08 - sectoral breakdown of recorded in Venezuela?
- The lowest recorded value was 9.96 Percentage of GDP in 2009.
- How does Venezuela rank for africa's development dynamics (afdd) table 08 - sectoral breakdown of?
- Venezuela ranks 17th out of 162 countries with data for 2014.
- Is africa's development dynamics (afdd) table 08 - sectoral breakdown of rising or falling in Venezuela?
- Over the last ten years it is down 51.0%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of the economy — Oil rents. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 8 shows the breakdown of national economies by sectors of activity, looking at share of employment, contributions to GDP, along with the impact of natural resource extraction on the economy.