Charges for the use of intellectual property, payments (BoP, current) in Venezuela
Venezuela: Charges for the use of intellectual property, payments (BoP, current) was 0.0023 BoP, current US$ per US$ of GDP in 2016. ▲ Rising
Charges for the use of intellectual property, payments (BoP, current) in Venezuela, 1996–2016
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
The most recent figure for charges for the use of intellectual property, payments (bop, current) in Venezuela is 0.0023 BoP, current US$ per US$ of GDP, measured in 2016.
That represents a change of down 25.1% on the previous year and up 63.1% over ten years.
Over the whole period, charges for the use of intellectual property, payments (bop, current) in Venezuela peaked at 0.003 BoP, current US$ per US$ of GDP in 2015 and was at its lowest, 0 BoP, current US$ per US$ of GDP, in 1996.
That places Venezuela 85th out of 170 countries with data for 2016, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Charges for the use of intellectual property, payments (BoP, current) in Venezuela, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1996 | 0 BoP, current US$ per US$ of GDP | — |
| 1997 | 0.0017 BoP, current US$ per US$ of GDP | +5899.3% |
| 1998 | 0.001 BoP, current US$ per US$ of GDP | -39.5% |
| 1999 | 0.0019 BoP, current US$ per US$ of GDP | +84.5% |
| 2000 | 0.0016 BoP, current US$ per US$ of GDP | -17.3% |
| 2001 | 0.0021 BoP, current US$ per US$ of GDP | +34.7% |
| 2002 | 0.0023 BoP, current US$ per US$ of GDP | +7.4% |
| 2003 | 0.0022 BoP, current US$ per US$ of GDP | -3.7% |
| 2004 | 0.0019 BoP, current US$ per US$ of GDP | -11.0% |
| 2005 | 0.0016 BoP, current US$ per US$ of GDP | -15.7% |
| 2006 | 0.0014 BoP, current US$ per US$ of GDP | -14.7% |
| 2007 | 0.0012 BoP, current US$ per US$ of GDP | -14.5% |
| 2008 | 0.0011 BoP, current US$ per US$ of GDP | -7.8% |
| 2009 | 0.0011 BoP, current US$ per US$ of GDP | -3.4% |
| 2010 | 0.0009 BoP, current US$ per US$ of GDP | -19.0% |
| 2011 | 0.0012 BoP, current US$ per US$ of GDP | +33.0% |
| 2012 | 0.0011 BoP, current US$ per US$ of GDP | -7.2% |
| 2013 | 0.0015 BoP, current US$ per US$ of GDP | +42.8% |
| 2014 | 0.0019 BoP, current US$ per US$ of GDP | +22.2% |
| 2015 | 0.003 BoP, current US$ per US$ of GDP | +63.8% |
| 2016 | 0.0023 BoP, current US$ per US$ of GDP | -25.1% |
Venezuela compared with similar countries
- Venezuela's 0.0023 BoP, current US$ per US$ of GDP is above the median for lower middle income countries, which is 0.0005 BoP, current US$ per US$ of GDP, 4.2× the median. (41 countries reporting)
- Venezuela's 0.0023 BoP, current US$ per US$ of GDP is below the median for Latin America & Caribbean, which is 0.003 BoP, current US$ per US$ of GDP, 77% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Charges for the use of intellectual property, payments (BoP, current) in Venezuela 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 |
|---|---|---|---|
| 1997 | +5899.3% | 0 BoP, current US$ per US$ of GDP | 0.0017 BoP, current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0012 BoP, current US$ per US$ of GDP | 0 BoP, current US$ per US$ of GDP | 0.0019 BoP, current US$ per US$ of GDP | 4 |
| 2000s | 0.0017 BoP, current US$ per US$ of GDP | 0.0011 BoP, current US$ per US$ of GDP | 0.0023 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.0017 BoP, current US$ per US$ of GDP | 0.0009 BoP, current US$ per US$ of GDP | 0.003 BoP, current US$ per US$ of GDP | 7 |
Countries ranked near Venezuela
- 82 Seychelles 0.0024 BoP, current US$ per US$ of GDP compare
- 83 Jamaica 0.0023 BoP, current US$ per US$ of GDP compare
- 84 Dominican Republic 0.0023 BoP, current US$ per US$ of GDP compare
- 86 Montenegro 0.002 BoP, current US$ per US$ of GDP compare
- 87 Peru 0.002 BoP, current US$ per US$ of GDP compare
- 88 Iceland 0.002 BoP, current US$ per US$ of GDP compare
More economy & growth data for Venezuela
- 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is charges for the use of intellectual property, payments (bop, current) in Venezuela?
- Charges for the use of intellectual property, payments (bop, current) in Venezuela was 0.0023 BoP, current US$ per US$ of GDP in 2016, according to Statizoid (derived).
- What is the highest charges for the use of intellectual property, payments (bop, current) recorded in Venezuela?
- The highest recorded value was 0.003 BoP, current US$ per US$ of GDP in 2015.
- What is the lowest charges for the use of intellectual property, payments (bop, current) recorded in Venezuela?
- The lowest recorded value was 0 BoP, current US$ per US$ of GDP in 1996.
- How does Venezuela rank for charges for the use of intellectual property, payments (bop, current)?
- Venezuela ranks 85th out of 170 countries with data for 2016.
- Is charges for the use of intellectual property, payments (bop, current) rising or falling in Venezuela?
- Over the last ten years it is up 63.1%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Charges for the use of intellectual property, payments (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Charges for the use of intellectual property, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Charges for the use of intellectual property, payments (BoP, current US$) ÷ GDP (current US$)
Computed from
- Charges for the use of intellectual property, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Charges for the use of intellectual property, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.