Venezuela, RB: Adjusted savings, mineral depletion (current US$)

Key figures

What the numbers say

In 2021, Venezuela, RB's adjusted savings, mineral depletion (current US$) did not change US$0 on 2020 (from US$0 to US$0).

Across the 30 yearly changes before that (1991 to 2020), the average change was −US$955,159 and a typical year strayed about US$90.59 million from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was US$185.58 million in 2006 and the biggest yearly fall was US$225.91 million in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is downward, about US$16.09 million a year. A straight line explains 79% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Venezuela, RB had the 94th highest value of the 216 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Venezuela, RB in the 2021 ranking

• Uganda — 211th of 216: US$0
• United Arab Emirates — 212th of 216: US$0
• Vanuatu — 213th of 216: US$0
• Virgin Islands (US) — 215th of 216: US$0
• West Bank and Gaza — 216th of 216: US$0

What this measures

Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 52 values

Adjusted savings, mineral depletion (current US$) in nearby economies

• Antigua and Barbuda — US$0 (2021)
• Argentina — US$2.18 billion (2021)
• Aruba — US$0 (2021)
• Bahamas, The — US$0 (2021)
• Barbados — US$0 (2021)
• Belize — US$0 (2021)
• Bolivia — US$1.83 billion (2021)
• Brazil — US$23.22 billion (2021)
• British Virgin Islands — US$0 (2021)
• Cayman Islands

More economic policy & debt data for Venezuela, RB

• Final consumption expenditure (current US$) — US$88.98 billion (2025)
• Final consumption expenditure (current LCU) — 14.72 trillion (2025)
• Final consumption expenditure (% of GDP) — 89.28% (2025)
• Gross national expenditure (current US$) — US$94.88 billion (2025)
• Gross national expenditure (current LCU) — 15.7 trillion (2025)
• Gross national expenditure (% of GDP) — 95.21% (2025)
• Exports of goods and services (current US$) — US$14.85 billion (2025)
• Exports of goods and services (current LCU) — 2.46 trillion (2025)
• Exports of goods and services (% of GDP) — 14.9% (2025)

Reading data like this

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Questions people ask

What is Venezuela, RB's adjusted savings, mineral depletion (current US$)?

US$0 in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is down 100% from US$7.84 million in 1970. The highest value was US$625.3 million in 2007 and the lowest US$0 in 2019.

How does Venezuela, RB rank?

94th highest of 216 economies with data for 2021.

Is the latest change in adjusted savings, mineral depletion (current US$) unusual for Venezuela, RB?

In 2021, Venezuela, RB's adjusted savings, mineral depletion (current US$) did not change US$0 on 2020 (from US$0 to US$0). Across the 30 yearly changes before that (1991 to 2020), the average change was −US$955,159 and a typical year strayed about US$90.59 million from that (the standard deviation). This year's change was 0.0 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.ADJ.DMIN.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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