Share of World GDP, Historical (Maddison): Venezuela

## What this measures

Venezuela's share of world GDP, in percent: its Maddison GDP (GDP per person times population) divided by the world's. A Palanor calculation from the Maddison Project Database 2023.

## Why it matters

Shares of world output tell the story of economic power: the long dominance of China and India, Europe's rise after 1820, the American century and Asia's return.

## How to read it

Percent of world GDP in 2011 international dollars. Points exist only where the database gives a world total: 1820, 1850, 1870, 1900, 1920, 1940, every tenth year from 1950 to 2010 and each year from 2015. Dated December 31.

## What it does not say

There is no world total before 1820 in this release, so no share either. The world total includes the database's estimates for countries with missing data, so shares can move when a large country is re-estimated.

## Source

Maddison Project Database 2023 (Groningen Growth and Development Centre, University of Groningen). Cite as: Bolt, Jutta and Jan Luiten van Zanden (2024), "Maddison style estimates of the evolution of the world economy: A new 2023 update", Journal of Economic Surveys, 1–41. DOI: 10.1111/joes.12618. Licence: Maddison Project Database, version 2023 by Jutta Bolt and Jan Luiten van Zanden, licensed under a Creative Commons Attribution 4.0 International License (https://creativecommons.org/licenses/by/4.0/). https://www.rug.nl/ggdc/historicaldevelopment/maddison/releases/maddison-project-database-2023 The database asks that all original papers be cited when its data is shown in graphical form. The original sources for Venezuela, as the database lists them: Sources added since MPD 2013: - 1830–2012: De Corso, G. (2013). El crecimiento economico de Venuzuela, Desde la Oligarquia Conservadora Hasta La Revolucion Bolivariana: 1830-2012. Uno Vision cuantitativa *: Venezuelan Economic Growth From The Conservative Oligarchy To The Bolivarian Revolution (1830-2012), Revista De Historia Económica / Journal of Iberian and Latin American Economic History, 31(3), 321-357. doi:10.1017/S0212610913000190 - GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics Palanor divides the place's GDP (GDP per person times population) by world GDP (world GDP per person times world population, both from the database's Regional data sheet) for the same year. This is a one-off release; Palanor will load the next version when the Maddison Project publishes one.