Annual growth of imports of goods and services in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Annual growth of imports of goods and services was 8.8% in 2024. ◆ Volatile
Annual growth of imports of goods and services in Venezuela, Bolivarian Republic of, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Venezuela, Bolivarian Republic of recorded 8.8% for annual growth of imports of goods and services in 2024.
Compared with earlier readings it is down 57.7% on the previous year and up 147.5% over ten years.
Over the whole period, annual growth of imports of goods and services in Venezuela, Bolivarian Republic of peaked at 57.7% in 2004 and was at its lowest, -52.7%, in 2020.
That places Venezuela, Bolivarian Republic of 40th out of 176 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of imports of goods and services in Venezuela, Bolivarian Republic of, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 12.4% | — |
| 2001 | 14.1% | +13.8% |
| 2002 | -25.2% | -278.7% |
| 2003 | -20.9% | -17.2% |
| 2004 | 57.7% | -376.2% |
| 2005 | 35.2% | -39.0% |
| 2006 | 34.8% | -1.2% |
| 2007 | 33.0% | -5.0% |
| 2008 | 1.4% | -95.9% |
| 2009 | -19.6% | -1538.2% |
| 2010 | -2.9% | -85.2% |
| 2011 | 15.4% | -632.5% |
| 2012 | 24.4% | +58.5% |
| 2013 | -9.7% | -139.7% |
| 2014 | -18.5% | +91.2% |
| 2015 | -23.1% | +24.7% |
| 2016 | -50.1% | +116.7% |
| 2017 | -34.6% | -30.8% |
| 2018 | 0.3% | -100.9% |
| 2019 | -22.2% | -7500.0% |
| 2020 | -52.7% | +137.3% |
| 2021 | 50.3% | -195.5% |
| 2022 | 10.7% | -78.7% |
| 2023 | 20.8% | +93.6% |
| 2024 | 8.8% | -57.7% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 8.8% is above the median for lower middle income countries, which is 3.6%, 2.4× the median. (44 countries reporting)
- Venezuela, Bolivarian Republic of's 8.8% is above the median for Latin America & Caribbean, which is 3.8%, 2.3× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Annual growth of imports of goods and services in Venezuela, Bolivarian Republic of changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | -7500.0% | 0.3% | -22.2% |
| 2009 | -1538.2% | 1.4% | -19.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.3% | -25.2% | 57.7% | 10 |
| 2010s | -12.1% | -50.1% | 24.4% | 10 |
| 2020s | 7.6% | -52.7% | 50.3% | 5 |
Countries ranked near Venezuela, Bolivarian Republic of
More economy & growth data for Venezuela, Bolivarian Republic of
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0216 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 91.64 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -99.45 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0135 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 57.47 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is annual growth of imports of goods and services in Venezuela, Bolivarian Republic of?
- Annual growth of imports of goods and services in Venezuela, Bolivarian Republic of was 8.8% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of imports of goods and services recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 57.7% in 2004.
- What is the lowest annual growth of imports of goods and services recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was -52.7% in 2020.
- How does Venezuela, Bolivarian Republic of rank for annual growth of imports of goods and services?
- Venezuela, Bolivarian Republic of ranks 40th out of 176 countries with data for 2024.
- Is annual growth of imports of goods and services rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 147.5%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of imports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of imports of goods and services (%).