R&D expenditure % GDP in Venezuela stood at 0.69% of GDP in 2016, according to World Bank. The latest value is up 0.25 percentage points from 0.44% of GDP in 2015. Ten years earlier, in 2006, the value was 0.32% of GDP (up 0.37 percentage points since). The latest value is the highest since 2005; the lowest was 0.15% of GDP in 2011. Venezuela ranked 45th highest of the 92 countries in this dataset in 2016; Israel ranked first.
Data source: World Bank · Unit: % of GDP · Category: Technology and Internet · Explore more indicators on EconDash
R&D expenditure % GDP, measured in % of GDP, measures the total economic output of Venezuela. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Venezuela, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.
R&D expenditure % GDP in Venezuela stood at 0.69% of GDP in 2016, according to World Bank.
The latest value is up 0.25 percentage points from 0.44% of GDP in 2015. Ten years earlier, in 2006, the value was 0.32% of GDP (up 0.37 percentage points since).
Venezuela ranked 45th highest of the 92 countries in this dataset in 2016; Israel ranked first.
The latest value is the highest since 2005; the lowest was 0.15% of GDP in 2011.
| Indicator | R&D expenditure % GDP |
|---|---|
| Country | Venezuela |
| Category | Technology and Internet |
| Unit | % of GDP |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
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World Bank. (2026). R&D expenditure % GDP — Venezuela [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/r-and-d-expenditure-percent-gdp/VEN. Original source: https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS
World Bank. "R&D expenditure % GDP — Venezuela." EconDash, 2026, https://econdash.org/chart/r-and-d-expenditure-percent-gdp/VEN. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS.
World Bank. 2026. "R&D expenditure % GDP — Venezuela." EconDash. Accessed November 13, 2026. https://econdash.org/chart/r-and-d-expenditure-percent-gdp/VEN. Original source: https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS.
@misc{econdash_r_and_d_expenditure_percent_gdp_ven,
author = {{World Bank}},
title = {{R\&D expenditure \% GDP --- Venezuela}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/r-and-d-expenditure-percent-gdp/VEN},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS}
}Browse indicators available for Venezuela. Click any indicator to view its interactive chart, compare with other countries, and download historical data.
| Demographics | 53 indicators |
|---|---|
| Healthcare | 53 indicators |
| Macroeconomics | 90 indicators |
| Real Estate | 1 indicators |
| Education | 38 indicators |
| Commodities and Energy | 107 indicators |
| Technology and Internet | 7 indicators |
| Transport and Logistics | 22 indicators |
| Labor and Employment | 40 indicators |
| Financial Markets | 6 indicators |
| Total indicators | 417 |