The Gross Domestic Product (GDP) in Venezuela contracted 23.70 percent in the first quarter of 2019 over the previous quarter. GDP Growth Rate in Venezuela averaged -0.08 percent from 1997 until 2019, reaching an all time high of 26.20 percent in the second quarter of 2003 and a record low of -24.40 percent in the first quarter of 2003. source: Banco Central De Venezuela
GDP Growth Rate in Venezuela is expected to be -10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Venezuela to stand at -5.00 in 12 months time. In the long-term, the Venezuela GDP Growth Rate is projected to trend around -14.00 percent in 2020, according to our econometric models.