Balanced trade in services in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Balanced trade in services was 15.94 US dollars, exchange rate converted in 2024. ▼ Falling
Balanced trade in services in Venezuela, Bolivarian Republic of, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for balanced trade in services in Venezuela, Bolivarian Republic of is 15.94 US dollars, exchange rate converted, measured in 2024.
Compared with earlier readings it is up 4.4% on the previous year and down 26.5% over ten years.
Over the whole period, balanced trade in services in Venezuela, Bolivarian Republic of peaked at 24.35 US dollars, exchange rate converted in 2013 and was at its lowest, 7.18 US dollars, exchange rate converted, in 2020.
Venezuela, Bolivarian Republic of ranks 26th of 174 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.84 US dollars, exchange rate converted | 9.59 US dollars, exchange rate converted | 18.9 US dollars, exchange rate converted | 5 |
| 2010s | 18.54 US dollars, exchange rate converted | 11.35 US dollars, exchange rate converted | 24.35 US dollars, exchange rate converted | 10 |
| 2020s | 12.2 US dollars, exchange rate converted | 7.18 US dollars, exchange rate converted | 15.94 US dollars, exchange rate converted | 5 |
Countries ranked near Venezuela, Bolivarian Republic of
- 23 Norway 18.76 US dollars, exchange rate converted compare
- 24 Thailand 17.08 US dollars, exchange rate converted compare
- 25 South Africa 16.06 US dollars, exchange rate converted compare
- 27 Indonesia 15.82 US dollars, exchange rate converted compare
- 28 Israel 15.7 US dollars, exchange rate converted compare
- 29 Philippines 15.12 US dollars, exchange rate converted compare
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)
- Taxes less subsidies on products (current US$), annual growth rate -100 % change on previous year (1991)
- Taxes less subsidies on products (current US$), per unit of GDP 0 current US$ per US$ of GDP (2011)
- Taxes less subsidies on products (current US$), per capita 0 current US$ per person (2011)
- Taxes less subsidies on products (current LCU), annual growth rate -100 % change on previous year (1991)
- Taxes less subsidies on products (current LCU), per unit of GDP 0 current LCU per US$ of GDP (2011)
- Taxes less subsidies on products (current LCU), per capita 0 current LCU per person (2011)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0704 (2017)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 14.21 (2017)
Frequently asked questions
- What is balanced trade in services in Venezuela, Bolivarian Republic of?
- Balanced trade in services in Venezuela, Bolivarian Republic of was 15.94 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 24.35 US dollars, exchange rate converted in 2013.
- What is the lowest balanced trade in services recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 7.18 US dollars, exchange rate converted in 2020.
- How does Venezuela, Bolivarian Republic of rank for balanced trade in services?
- Venezuela, Bolivarian Republic of ranks 26th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 26.5%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
Download this data
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html