Total natural resources rents (% of GDP) in Venezuela
Venezuela: Total natural resources rents (% of GDP) was 11.8% in 2014. ▲ Rising
Total natural resources rents in Venezuela, 1970–2014
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
In 2014, total natural resources rents in Venezuela stood at 11.8%.
The figure is down 32.8% on the previous year and down 50.3% over ten years.
Over the whole period, total natural resources rents in Venezuela peaked at 36.5% in 1979 and was at its lowest, 5.5%, in 1970.
That places Venezuela 43rd out of 214 countries with data for 2014, putting it in the top quarter.
The long-run direction has been consistently rising across the 45 years of available data.
Total natural resources rents (% of GDP) in Venezuela, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 5.5% | — |
| 1971 | 7.4% | +34.6% |
| 1972 | 7.2% | -2.6% |
| 1973 | 10.8% | +49.5% |
| 1974 | 33.9% | +215.6% |
| 1975 | 24.9% | -26.7% |
| 1976 | 23.0% | -7.6% |
| 1977 | 16.2% | -29.6% |
| 1978 | 15.8% | -2.3% |
| 1979 | 36.5% | +130.5% |
| 1980 | 34.4% | -5.6% |
| 1981 | 24.8% | -28.1% |
| 1982 | 13.1% | -47.0% |
| 1983 | 17.1% | +30.4% |
| 1984 | 19.0% | +11.3% |
| 1985 | 16.3% | -14.3% |
| 1986 | 8.0% | -50.9% |
| 1987 | 15.9% | +98.9% |
| 1988 | 10.0% | -37.1% |
| 1989 | 21.0% | +109.4% |
| 1990 | 29.3% | +39.6% |
| 1991 | 16.7% | -43.0% |
| 1992 | 15.8% | -5.4% |
| 1993 | 15.8% | +0.2% |
| 1994 | 16.2% | +2.7% |
| 1995 | 15.1% | -6.7% |
| 1996 | 23.8% | +57.5% |
| 1997 | 18.1% | -24.1% |
| 1998 | 9.1% | -49.9% |
| 1999 | 13.3% | +46.4% |
| 2000 | 20.6% | +55.1% |
| 2001 | 15.3% | -25.4% |
| 2002 | 19.5% | +26.8% |
| 2003 | 21.9% | +12.5% |
| 2004 | 23.8% | +8.8% |
| 2005 | 29.2% | +22.6% |
| 2006 | 28.1% | -3.9% |
| 2007 | 23.1% | -17.7% |
| 2008 | 23.9% | +3.5% |
| 2009 | 10.5% | -55.9% |
| 2010 | 12.4% | +17.4% |
| 2011 | 24.5% | +97.7% |
| 2012 | 18.8% | -23.3% |
| 2013 | 17.6% | -6.2% |
| 2014 | 11.8% | -32.8% |
Venezuela compared with similar countries
- Venezuela's 11.8% is above the median for lower middle income countries, which is 4.4%, 2.7× the median. (47 countries reporting)
- Venezuela's 11.8% is above the median for Latin America & Caribbean, which is 0.7%, 17.8× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.1% | 5.5% | 36.5% | 10 |
| 1980s | 18.0% | 8.0% | 34.4% | 10 |
| 1990s | 17.3% | 9.1% | 29.3% | 10 |
| 2000s | 21.6% | 10.5% | 29.2% | 10 |
| 2010s | 17.0% | 11.8% | 24.5% | 5 |
Countries ranked near Venezuela
- 40 South Sudan 13.1% compare
- 41 Sudan 12.8% compare
- 42 Peru 12.7% compare
- 44 Kyrgyzstan 11.5% compare
- 45 Mauritania 11.4% compare
- 46 Somalia 11.2% compare
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 total natural resources rents in Venezuela?
- Total natural resources rents in Venezuela was 11.8% in 2014, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest total natural resources rents recorded in Venezuela?
- The highest recorded value was 36.5% in 1979.
- What is the lowest total natural resources rents recorded in Venezuela?
- The lowest recorded value was 5.5% in 1970.
- How does Venezuela rank for total natural resources rents?
- Venezuela ranks 43rd out of 214 countries with data for 2014.
- Is total natural resources 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 The Changing Wealth of Nations, World Bank (WB), published as part of Total natural resources rents (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.