Venezuela, RB: GDP deflator (base year varies by country)

Key figures

What the numbers say

In 2025, Venezuela, RB's GDP deflator (base year varies by country) rose 227.1% on 2024 (from 29,672 to 97,055).

Across the 30 yearly changes before that (1995 to 2024), the average change was +8,450.4% and a typical year strayed about 41,215.6% from that (the standard deviation). This year's change was 0.2 standard deviations below 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 225,652.2% in 2018 and the biggest yearly fall was 0.9% in 1986. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 7,213 a year. A straight line explains 51% 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 2025, Venezuela, RB had the 4th highest value of the 186 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 2025 ranking

• Sudan — 1st of 186: 1.09 million
• Argentina — 2nd of 186: 114,690
• Türkiye — 4th of 186: 2,603
• Zimbabwe — 5th of 186: 2,193
• Tajikistan — 6th of 186: 1,556

What this measures

The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country. This indicator is expressed as a ratio (a÷b).

All 66 values

GDP deflator (base year varies by country) in nearby economies

• Antigua and Barbuda — 128.1 (2025)
• Argentina — 114,690 (2025)
• Aruba — 117.52 (2024)
• Bahamas, The — 112.22 (2024)
• Barbados — 104.55 (2025)
• Belize — 123.17 (2025)
• Bolivia — 135.88 (2025)
• Brazil — 269.14 (2025)
• Cayman Islands — 123.6 (2024)
• Chile — 157.66 (2025)

More financial sector data for Venezuela, RB

• DEC alternative conversion factor (LCU per US$) — US$165.46 (2025)
• Inflation, GDP deflator (annual % growth) — 227.09% (2025)
• Official exchange rate (LCU per US$, period average) — US$9.98 (2017)
• Wholesale price index (2010 = 100) — 4,005 (2016)
• Domestic credit to private sector by banks (% of GDP) — 23.93% (2015)
• Real effective exchange rate index (2010 = 100) — 741.53 (2016)
• Inflation, GDP deflator, linked series (annual % growth) — 227.09% (2025)
• GDP deflator, linked series (base year varies by country) — 97,055 (2025)
• Deposit interest rate (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Venezuela, RB's GDP deflator (base year varies by country)?

97,055 in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 4,913,843.08 trillion% from 0.00000000000198 in 1960 (80.63% a year on average, compounded). The highest value was 97,055 in 2025 and the lowest 0.00000000000198 in 1960.

How does Venezuela, RB rank?

4th highest of 186 economies with data for 2025.

Is the latest change in GDP deflator (base year varies by country) unusual for Venezuela, RB?

In 2025, Venezuela, RB's GDP deflator (base year varies by country) rose 227.1% on 2024 (from 29,672 to 97,055). Across the 30 yearly changes before that (1995 to 2024), the average change was +8,450.4% and a typical year strayed about 41,215.6% from that (the standard deviation). This year's change was 0.2 standard deviations below 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.GDP.DEFL.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.