Export Diversification, Theil index in Venezuela
Venezuela: Export Diversification, Theil index was 5.95 in 2014. ▬ Flat
Export Diversification, Theil index in Venezuela, 1962–2014
Source: International Monetary Fund.
Analysis
Venezuela recorded 5.95 for export diversification, theil index in 2014. That is the highest value across all 53 years on record.
The figure is up 1.4% on the previous year and up 25.3% over ten years.
Over the whole period, export diversification, theil index in Venezuela peaked at 5.95 in 2014 and was at its lowest, 3.73, in 1994.
That places Venezuela 7th out of 189 countries with data for 2014, putting it in the top 10%.
Export Diversification, Theil index in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1962 | 4.88 | — |
| 1963 | 5.12 | +5.0% |
| 1964 | 5.17 | +0.9% |
| 1965 | 5.11 | -1.1% |
| 1966 | 5.13 | +0.3% |
| 1967 | 5.11 | -0.3% |
| 1968 | 5.14 | +0.5% |
| 1969 | 5.12 | -0.3% |
| 1970 | 5.02 | -2.0% |
| 1971 | 5.07 | +1.0% |
| 1972 | 4.98 | -1.8% |
| 1973 | 5.01 | +0.7% |
| 1974 | 5.21 | +3.8% |
| 1975 | 5.17 | -0.8% |
| 1976 | 5.11 | -1.1% |
| 1977 | 5.15 | +0.7% |
| 1978 | 5.08 | -1.4% |
| 1979 | 5.02 | -1.1% |
| 1980 | 5.05 | +0.6% |
| 1981 | 5.23 | +3.5% |
| 1982 | 5.06 | -3.2% |
| 1983 | 4.89 | -3.4% |
| 1984 | 4.79 | -2.0% |
| 1985 | 4.49 | -6.3% |
| 1986 | 4.21 | -6.4% |
| 1987 | 4.44 | +5.7% |
| 1988 | 4.12 | -7.3% |
| 1989 | 4.12 | +0.1% |
| 1990 | 4.21 | +2.0% |
| 1991 | 4.23 | +0.5% |
| 1992 | 4.27 | +1.0% |
| 1993 | 3.93 | -8.0% |
| 1994 | 3.73 | -5.0% |
| 1995 | 3.9 | +4.4% |
| 1996 | 4.06 | +4.1% |
| 1997 | 4 | -1.5% |
| 1998 | 3.75 | -6.1% |
| 1999 | 4.03 | +7.5% |
| 2000 | 4.75 | +17.8% |
| 2001 | 4.57 | -3.8% |
| 2002 | 4.6 | +0.7% |
| 2003 | 4.63 | +0.6% |
| 2004 | 4.75 | +2.6% |
| 2005 | 4.93 | +3.9% |
| 2006 | 5.12 | +3.8% |
| 2007 | 5.17 | +1.0% |
| 2008 | 5.46 | +5.6% |
| 2009 | 5.59 | +2.4% |
| 2010 | 5.56 | -0.5% |
| 2011 | 5.58 | +0.3% |
| 2012 | 5.68 | +1.9% |
| 2013 | 5.87 | +3.3% |
| 2014 | 5.95 | +1.4% |
Venezuela compared with similar countries
- Venezuela's 5.95 is above the median for lower middle income countries, which is 3.88, 1.5× the median. (45 countries reporting)
- Venezuela's 5.95 is above the median for Latin America & Caribbean, which is 3.76, 1.6× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.1 | 4.88 | 5.17 | 8 |
| 1970s | 5.08 | 4.98 | 5.21 | 10 |
| 1980s | 4.64 | 4.12 | 5.23 | 10 |
| 1990s | 4.01 | 3.73 | 4.27 | 10 |
| 2000s | 4.96 | 4.57 | 5.59 | 10 |
| 2010s | 5.73 | 5.56 | 5.95 | 5 |
Countries ranked near Venezuela
More trade data for Venezuela
- Commodity Net Export Price Index, Individual Commodities Weighted by 66.89 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 89.43 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 89.16 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 63.86 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 99.69 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 84.73 (2025)
- Imports of low carbon technology products, Percent of GDP 0.9227 (2013)
- Imports of low carbon technology products, US dollar (World), per 79.87 units per person (2013)
- Imports of low carbon technology products, US dollar (World), per 0.0092 units per US$ of GDP (2013)
- Exports of low carbon technology products, US dollar (World), gaps 20.55 million (2013)
Frequently asked questions
- What is export diversification, theil index in Venezuela?
- Export diversification, theil index in Venezuela was 5.95 in 2014, according to International Monetary Fund.
- What is the highest export diversification, theil index recorded in Venezuela?
- The highest recorded value was 5.95 in 2014.
- What is the lowest export diversification, theil index recorded in Venezuela?
- The lowest recorded value was 3.73 in 1994.
- How does Venezuela rank for export diversification, theil index?
- Venezuela ranks 7th out of 189 countries with data for 2014.
- Is export diversification, theil index rising or falling in Venezuela?
- Over the last ten years it is up 25.3%. The long-run trend across the full record is flat.
- Where does this Venezuela data come from?
- The figures come from International Monetary Fund, published as part of Export Diversification, Theil index. Statizoid updates them automatically from the source API.
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About this data
Covers 200 countries with data from 1962 to 2014. It has three main indicators: the Export Diversification Index, which can be disaggregated into sub-indices covering the Extensive Margin and the Intensive Margin. As these are Theil indices, higher values for all three correspond to lower export diversification.