Classification of household consumption in Venezuela

Venezuela: Classification of household consumption was 0 in 2023. ◆ Volatile

Latest (2023)
0
World rank
173rd
of 188 countries
All-time high
1
in 2016
All-time low
0
in 2021
Years of data
8
2016–2023

Classification of household consumption in Venezuela, 2016–2023

00.20.40.60.812016201920232016: 12017: 12018: 12019: 12020: 12021: 02022: 02023: 0

Source: Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).

Analysis

In 2023, classification of household consumption in Venezuela stood at 0. That is the lowest value across all 8 years on record.

That represents a change of down 100.0% over ten years.

Venezuela ranks 173rd of 188 countries on this measure, in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 1 1 1 4
2020s 0.25 0 1 4

Countries ranked near Venezuela

  1. 173 Brazil 0 compare
  2. 173 China 0 compare
  3. 173 Eritrea 0 compare
  4. 173 Guyana 0 compare
  5. 173 India 0 compare
  6. 173 Indonesia 0 compare
  7. 173 Kazakhstan 0 compare
  8. 173 Marshall Islands 0 compare
  9. 173 Nauru 0 compare
  10. 173 Peru 0 compare
  11. 173 Romania 0 compare
  12. 173 Tajikistan 0 compare
  13. 173 Turkmenistan 0 compare
  14. 173 Tuvalu 0 compare
  15. 173 Yemen 0 compare

See the full ranking of 190 places →

More reference data data for Venezuela

All data for Venezuela →

Frequently asked questions

What is classification of household consumption in Venezuela?
Classification of household consumption in Venezuela was 0 in 2023, according to Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
What is the highest classification of household consumption recorded in Venezuela?
The highest recorded value was 1 in 2016.
What is the lowest classification of household consumption recorded in Venezuela?
The lowest recorded value was 0 in 2021.
How does Venezuela rank for classification of household consumption?
Venezuela ranks 173rd out of 188 countries with data for 2023.
Is classification of household consumption rising or falling in Venezuela?
Over the last ten years it is down 100.0%. The long-run trend across the full record is volatile.
Where does this Venezuela data come from?
The figures come from Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators), published as part of Classification of household consumption. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Classification of household consumption
Source
Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 1,940 data points, 2004–2023
Last refreshed

Classification of Individual Consumption According to Purpose (COICOP) is used in household budget surveys, consumer price indices and international comparisons of gross domestic product (GDP) and its component expenditures. Although COICOP is not strictly linked to any particular model of consumer behavior, the classification is designed to broadly reflect differences in income elasticities. It is an integral part of the SNA1993 and more detailed subdivision of the classes provide comparability between countries and between statistics in these different areas.