GDP in USD PPP terms reached 320 USD bil in 2018 in Venezuela, according to the National Statistical Office. This is 16.1 % less than in the previous year.
Historically, GDP in USD PPP terms in Venezuela reached an all time high of 555 USD bil in 2013 and an all time low of 118 USD bil in 1980. When compared to Venezuela's main peers, GDP in USD PPP terms in Brazil amounted to 3,371 USD bil, 749 USD bil in Colombia, 6.67 USD bil in Guyana and 44.3 USD bil in Trinidad and Tobago in 2018.
Venezuela has been ranked 57th within the group of 174 countries we follow in terms of GDP in USD PPP terms, 23 places behind the position seen 10 years ago.
GDP based on purchasing power parity is the gross domestic product converted to international dollars using purchasing power parity rates.