Africa's Development: Sectoral breakdown of the economy … mining in Venezuela
Venezuela: Africa's Development: Sectoral breakdown of the economy … mining was 48.06 Percentage of GDP in 2022. ▲ Rising
Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of in Venezuela, 2000–2022
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2022, africa's development dynamics (afdd) table 08 - sectoral breakdown of in Venezuela stood at 48.06 Percentage of GDP.
The figure is up 4.6% on the previous year and up 24.1% over ten years.
Over the whole period, africa's development dynamics (afdd) table 08 - sectoral breakdown of in Venezuela peaked at 60.86 Percentage of GDP in 2019 and was at its lowest, 30.59 Percentage of GDP, in 2014.
Venezuela ranks 9th of 170 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 23 years of available data.
Africa's Development: Sectoral breakdown of the economy … mining in Venezuela, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 40.39 Percentage of GDP | — |
| 2001 | 34.9 Percentage of GDP | -13.6% |
| 2002 | 38.93 Percentage of GDP | +11.5% |
| 2003 | 43.85 Percentage of GDP | +12.7% |
| 2004 | 47.5 Percentage of GDP | +8.3% |
| 2005 | 49.99 Percentage of GDP | +5.2% |
| 2006 | 47.37 Percentage of GDP | -5.2% |
| 2007 | 42.55 Percentage of GDP | -10.2% |
| 2008 | 43.56 Percentage of GDP | +2.4% |
| 2009 | 32 Percentage of GDP | -26.5% |
| 2010 | 42.45 Percentage of GDP | +32.7% |
| 2011 | 43.48 Percentage of GDP | +2.4% |
| 2012 | 38.74 Percentage of GDP | -10.9% |
| 2013 | 38.32 Percentage of GDP | -1.1% |
| 2014 | 30.59 Percentage of GDP | -20.2% |
| 2015 | 43.37 Percentage of GDP | +41.8% |
| 2016 | 35.12 Percentage of GDP | -19.0% |
| 2017 | 35.87 Percentage of GDP | +2.1% |
| 2018 | 51.83 Percentage of GDP | +44.5% |
| 2019 | 60.86 Percentage of GDP | +17.4% |
| 2020 | 45.49 Percentage of GDP | -25.3% |
| 2021 | 45.93 Percentage of GDP | +1.0% |
| 2022 | 48.06 Percentage of GDP | +4.6% |
Venezuela compared with similar countries
- Venezuela's 48.06 Percentage of GDP is above the median for lower middle income countries, which is 21.86 Percentage of GDP, 2.2× the median. (41 countries reporting)
- Venezuela's 48.06 Percentage of GDP is above the median for Latin America & Caribbean, which is 19.97 Percentage of GDP, 2.4× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 42.1 Percentage of GDP | 32 Percentage of GDP | 49.99 Percentage of GDP | 10 |
| 2010s | 42.06 Percentage of GDP | 30.59 Percentage of GDP | 60.86 Percentage of GDP | 10 |
| 2020s | 46.5 Percentage of GDP | 45.49 Percentage of GDP | 48.06 Percentage of GDP | 3 |
Countries ranked near Venezuela
- 6 Gabon 52.06 Percentage of GDP compare
- 6 Lesotho 31.75 Percentage of GDP compare
- 7 Qatar 51.92 Percentage of GDP compare
- 8 Mauritania 29.04 Percentage of GDP compare
- 8 Saudi Arabia 51.44 Percentage of GDP compare
- 10 Norway 47.9 Percentage of GDP compare
- 11 Trinidad and Tobago 45.43 Percentage of GDP compare
- 11 Türkiye 29.51 Percentage of GDP compare
- 12 Chad 44.7 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 48.06 Percentage of GDP in 2022, 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 60.86 Percentage of GDP in 2019.
- What is the lowest africa's development dynamics (afdd) table 08 - sectoral breakdown of recorded in Venezuela?
- The lowest recorded value was 30.59 Percentage of GDP in 2014.
- How does Venezuela rank for africa's development dynamics (afdd) table 08 - sectoral breakdown of?
- Venezuela ranks 9th out of 170 countries with data for 2022.
- Is africa's development dynamics (afdd) table 08 - sectoral breakdown of rising or falling in Venezuela?
- Over the last ten years it is up 24.1%. The long-run trend across the full record is rising.
- 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 — Value added in mining, manufacturing, utilities. 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.