Natural resource rents in Venezuela
Venezuela: Natural resource rents was 11.85 in 2014. ▲ Rising
Latest (2014)
11.85
Change on year
down 32.8%
World rank
43rd
of 211 countries
All-time high
36.48
in 1979
All-time low
5.49
in 1970
Years of data
45
1970–2014
Natural resource rents in Venezuela, 1970–2014
Source: Our World in Data.
Analysis
Venezuela recorded 11.85 for natural resource rents in 2014.
That represents a change of down 32.8% on the previous year and down 50.3% over ten years.
Over the whole period, natural resource rents in Venezuela peaked at 36.48 in 1979 and was at its lowest, 5.49, in 1970.
Venezuela ranks 43rd of 211 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 45 years of available data.
Natural resource rents in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 5.49 | — |
| 1971 | 7.39 | +34.6% |
| 1972 | 7.19 | -2.6% |
| 1973 | 10.76 | +49.5% |
| 1974 | 33.95 | +215.6% |
| 1975 | 24.89 | -26.7% |
| 1976 | 22.99 | -7.6% |
| 1977 | 16.2 | -29.6% |
| 1978 | 15.83 | -2.3% |
| 1979 | 36.48 | +130.5% |
| 1980 | 34.43 | -5.6% |
| 1981 | 24.75 | -28.1% |
| 1982 | 13.11 | -47.0% |
| 1983 | 17.1 | +30.4% |
| 1984 | 19.03 | +11.3% |
| 1985 | 16.31 | -14.3% |
| 1986 | 8 | -50.9% |
| 1987 | 15.92 | +98.9% |
| 1988 | 10.01 | -37.1% |
| 1989 | 20.96 | +109.4% |
| 1990 | 29.25 | +39.6% |
| 1991 | 16.66 | -43.0% |
| 1992 | 15.76 | -5.4% |
| 1993 | 15.79 | +0.2% |
| 1994 | 16.22 | +2.7% |
| 1995 | 15.14 | -6.7% |
| 1996 | 23.84 | +57.5% |
| 1997 | 18.1 | -24.1% |
| 1998 | 9.06 | -49.9% |
| 1999 | 13.27 | +46.4% |
| 2000 | 20.58 | +55.1% |
| 2001 | 15.34 | -25.4% |
| 2002 | 19.45 | +26.8% |
| 2003 | 21.9 | +12.5% |
| 2004 | 23.83 | +8.8% |
| 2005 | 29.22 | +22.6% |
| 2006 | 28.08 | -3.9% |
| 2007 | 23.12 | -17.7% |
| 2008 | 23.92 | +3.5% |
| 2009 | 10.54 | -55.9% |
| 2010 | 12.38 | +17.4% |
| 2011 | 24.48 | +97.7% |
| 2012 | 18.78 | -23.3% |
| 2013 | 17.63 | -6.2% |
| 2014 | 11.85 | -32.8% |
Venezuela compared with similar countries
- Venezuela's 11.85 is above the median for lower middle income countries, which is 4.4, 2.7× the median. (47 countries reporting)
- Venezuela's 11.85 is above the median for Latin America & Caribbean, which is 0.6644, 17.8× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.12 | 5.49 | 36.48 | 10 |
| 1980s | 17.96 | 8 | 34.43 | 10 |
| 1990s | 17.31 | 9.06 | 29.25 | 10 |
| 2000s | 21.6 | 10.54 | 29.22 | 10 |
| 2010s | 17.02 | 11.85 | 24.48 | 5 |
Countries ranked near Venezuela
- 40 South Sudan 13.05 compare
- 41 Sudan 12.75 compare
- 42 Peru 12.72 compare
- 44 Kyrgyzstan 11.51 compare
- 45 Mauritania 11.45 compare
- 46 Somalia 11.24 compare
More reference data data for Venezuela
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Crop Residues 384.74 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 1,173 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 43,034 (2050)
- Emission Totals - Emissions (CH4) - Manure Management 41.9 (2050)
- Emission Totals - Emissions (N2O) - Burning - Crop residues 0.1023 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.91 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop 110.44 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Enteric 39,390 (2050)
- Emission Totals - Emissions (CH4) - IPCC Agriculture 1,537 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.45 (2050)
Frequently asked questions
- What is natural resource rents in Venezuela?
- Natural resource rents in Venezuela was 11.85 in 2014, according to Our World in Data.
- What is the highest natural resource rents recorded in Venezuela?
- The highest recorded value was 36.48 in 1979.
- What is the lowest natural resource rents recorded in Venezuela?
- The lowest recorded value was 5.49 in 1970.
- How does Venezuela rank for natural resource rents?
- Venezuela ranks 43rd out of 211 countries with data for 2014.
- Is natural resource rents rising or falling in Venezuela?
- Over the last ten years it is down 50.3%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Our World in Data, published as part of Natural resource rents. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (Our World in Data).