Mineral rents (% of GDP) in Venezuela
Venezuela: Mineral rents (% of GDP) was 0.1% in 2014. ◆ Volatile
Mineral rents in Venezuela, 1970–2014
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2014, mineral rents in Venezuela stood at 0.1%.
The figure is down 55.3% on the previous year and down 57.9% over ten years.
Over the whole period, mineral rents in Venezuela peaked at 1.0% in 2007 and was at its lowest, 0.1%, in 1999.
That places Venezuela 71st out of 214 countries with data for 2014, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Mineral rents (% of GDP) in Venezuela, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.6% | — |
| 1971 | 0.5% | -15.2% |
| 1972 | 0.4% | -22.5% |
| 1973 | 0.3% | -14.0% |
| 1974 | 0.4% | +9.9% |
| 1975 | 0.5% | +33.4% |
| 1976 | 0.5% | +4.2% |
| 1977 | 0.3% | -32.9% |
| 1978 | 0.2% | -32.2% |
| 1979 | 0.2% | +2.4% |
| 1980 | 0.3% | +14.7% |
| 1981 | 0.2% | -14.8% |
| 1982 | 0.2% | -3.9% |
| 1983 | 0.2% | -29.5% |
| 1984 | 0.2% | +32.4% |
| 1985 | 0.2% | +11.4% |
| 1986 | 0.2% | -7.7% |
| 1987 | 0.3% | +16.7% |
| 1988 | 0.2% | -24.1% |
| 1989 | 0.4% | +85.9% |
| 1990 | 0.5% | +28.7% |
| 1991 | 0.5% | -0.6% |
| 1992 | 0.3% | -26.3% |
| 1993 | 0.2% | -26.8% |
| 1994 | 0.3% | +18.4% |
| 1995 | 0.2% | -45.1% |
| 1996 | 0.3% | +77.0% |
| 1997 | 0.2% | -37.6% |
| 1998 | 0.2% | +0.4% |
| 1999 | 0.1% | -61.5% |
| 2000 | 0.1% | +16.7% |
| 2001 | 0.1% | +7.2% |
| 2002 | 0.1% | +74.1% |
| 2003 | 0.3% | +77.6% |
| 2004 | 0.3% | -4.5% |
| 2005 | 0.7% | +175.5% |
| 2006 | 0.7% | +5.8% |
| 2007 | 1.0% | +32.0% |
| 2008 | 0.8% | -19.9% |
| 2009 | 0.2% | -71.2% |
| 2010 | 0.4% | +82.1% |
| 2011 | 0.7% | +68.2% |
| 2012 | 0.3% | -58.8% |
| 2013 | 0.2% | -15.9% |
| 2014 | 0.1% | -55.3% |
Venezuela compared with similar countries
- Venezuela's 0.1% is above the median for lower middle income countries, which is 0.0%, 13.1× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4% | 0.2% | 0.6% | 10 |
| 1980s | 0.2% | 0.2% | 0.4% | 10 |
| 1990s | 0.3% | 0.1% | 0.5% | 10 |
| 2000s | 0.4% | 0.1% | 1.0% | 10 |
| 2010s | 0.3% | 0.1% | 0.7% | 5 |
Countries ranked near Venezuela
More energy & mining data for Venezuela
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -1.48 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2025)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Fuel imports 0.8% (2013)
Frequently asked questions
- What is mineral rents in Venezuela?
- Mineral rents in Venezuela was 0.1% in 2014, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Venezuela?
- The highest recorded value was 1.0% in 2007.
- What is the lowest mineral rents recorded in Venezuela?
- The lowest recorded value was 0.1% in 1999.
- How does Venezuela rank for mineral rents?
- Venezuela ranks 71st out of 214 countries with data for 2014.
- Is mineral rents rising or falling in Venezuela?
- Over the last ten years it is down 57.9%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from The Changing Wealth of Nations, World Bank (WB), published as part of Mineral rents (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.