Oil rents (% of GDP) in Venezuela stood at 11.3% in 2014, according to World Bank. The latest value is down 5.47 percentage points from 16.78% in 2013. Ten years earlier, in 2004, the value was 23.09% (down 11.79 percentage points since). The highest value since 1970 was 35.9% in 1979, the lowest 4.8% in 1970. Venezuela ranked 20th highest of the 197 countries in this dataset in 2014; Kuwait ranked first.
Data source: World Bank · Unit: % · Category: Commodities and Energy · Explore more indicators on EconDash
Oil rents (% of GDP), measured in %, 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.
Oil rents (% of GDP) in Venezuela stood at 11.3% in 2014, according to World Bank.
The latest value is down 5.47 percentage points from 16.78% in 2013. Ten years earlier, in 2004, the value was 23.09% (down 11.79 percentage points since).
Venezuela ranked 20th highest of the 197 countries in this dataset in 2014; Kuwait ranked first.
The highest value since 1970 was 35.9% in 1979, the lowest 4.8% in 1970.
| Indicator | Oil rents (% of GDP) |
|---|---|
| Country | Venezuela |
| Category | Commodities and Energy |
| Unit | % |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
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World Bank. (2026). Oil rents (% of GDP) — Venezuela [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/VEN. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS
World Bank. "Oil rents (% of GDP) — Venezuela." EconDash, 2026, https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/VEN. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS.
World Bank. 2026. "Oil rents (% of GDP) — Venezuela." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/VEN. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS.
@misc{econdash_wdi_ny_gdp_petr_rt_zs_ven,
author = {{World Bank}},
title = {{Oil rents (\% of GDP) --- Venezuela}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/VEN},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS}
}Browse indicators available for Venezuela. Click any indicator to view its interactive chart, compare with other countries, and download historical data.
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|---|---|
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