Getting electricity: Price of electricity (US cents per kWh) in Venezuela
Venezuela: Getting electricity: Price of electricity (US cents per kWh) was 123.8 DB16-20 methodology in 2019. ▼ Falling
Getting electricity: Price of electricity (US cents per kWh) in Venezuela, 2014–2019
Source: World Bank. Measured in DB16-20 methodology.
Analysis
The most recent figure for getting electricity: price of electricity (us cents per kwh) in Venezuela is 123.8 DB16-20 methodology, measured in 2019. That is the lowest value across all 6 years on record.
Compared with earlier readings it is down 81.1% on the previous year and down 87.0% over ten years.
Venezuela ranks 1st of 187 countries on this measure, in the top 10%.
Getting electricity: Price of electricity (US cents per kWh) in Venezuela, year by year
| Year | DB16-20 methodology | Change |
|---|---|---|
| 2014 | 954.7 DB16-20 methodology | — |
| 2015 | 820.7 DB16-20 methodology | -14.0% |
| 2016 | 1,038 DB16-20 methodology | +26.5% |
| 2017 | 704.6 DB16-20 methodology | -32.1% |
| 2018 | 653.9 DB16-20 methodology | -7.2% |
| 2019 | 123.8 DB16-20 methodology | -81.1% |
Venezuela compared with similar countries
- Venezuela's 123.8 DB16-20 methodology is above the median for lower middle income countries, which is 17.5 DB16-20 methodology, 7.1× the median. (47 countries reporting)
- Venezuela's 123.8 DB16-20 methodology is above the median for Latin America & Caribbean, which is 20.8 DB16-20 methodology, 6.0× the median. (33 countries reporting)
Countries ranked near Venezuela
- 2 Solomon Islands 71.6 DB16-20 methodology compare
- 3 Antigua and Barbuda 44.9 DB16-20 methodology compare
- 4 Micronesia (country) 41.4 DB16-20 methodology compare
More private sector data for Venezuela
- Merchandise trade 22.5% (2025)
- Food imports 18.4% (2013)
- Manufactures imports 70.7% (2013)
- Merchandise imports 13.80 billion current US$ (2025)
- Commercial service imports 5.95 billion current US$ (2025)
- Food exports 0.0% (2013)
- Manufactures exports 1.8% (2013)
- Merchandise exports 8.60 billion current US$ (2025)
- Commercial service exports 1.12 billion current US$ (2025)
- Merchandise exports (current US$), per capita 301.58 current US$ per person (2025)
Frequently asked questions
- What is getting electricity: price of electricity (us cents per kwh) in Venezuela?
- Getting electricity: price of electricity (us cents per kwh) in Venezuela was 123.8 DB16-20 methodology in 2019, according to the World Bank.
- What is the highest getting electricity: price of electricity (us cents per kwh) recorded in Venezuela?
- The highest recorded value was 1,038 DB16-20 methodology in 2016.
- What is the lowest getting electricity: price of electricity (us cents per kwh) recorded in Venezuela?
- The lowest recorded value was 123.8 DB16-20 methodology in 2019.
- How does Venezuela rank for getting electricity: price of electricity (us cents per kwh)?
- Venezuela ranks 1st out of 187 countries with data for 2019.
- Is getting electricity: price of electricity (us cents per kwh) rising or falling in Venezuela?
- Over the last ten years it is down 87.0%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from the World Bank, published as part of Getting electricity: Price of electricity (US cents per kWh) (DB16-20 methodology). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The price of electricity is measured in U.S. cents per kWh. A monthly electricity consumption is assumed, for which a bill is then computed for a warehouse based in the largest business city of the economy for the month of March. The bill is then expressed back as a unit of kWh. The index is computed based on the methodology in the DB16-20 studies.