Venezuela: Industry value added

The latest value from 2011 is 0 billion U.S. dollars, unchanged from 0 billion U.S. dollars in 2010. In comparison, the world average is 109.13 billion U.S. dollars, based on data from 188 countries. Historically, the average for Venezuela from 1968 to 2011 is 10.25 billion U.S. dollars. The minimum value, 0 billion U.S. dollars, was reached in 1991 while the maximum of 32.62 billion U.S. dollars was recorded in 1981. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.