Exports of goods, services and primary income in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Exports of goods, services and primary income was 29.29 billion BoP, current US$ in 2016. ◆ Volatile
Exports of goods, services and primary income in Venezuela, Bolivarian Republic of, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Venezuela, Bolivarian Republic of recorded 29.29 billion BoP, current US$ for exports of goods, services and primary income in 2016.
The figure is down 26.3% on the previous year and down 61.1% over ten years.
Over the whole period, exports of goods, services and primary income in Venezuela, Bolivarian Republic of peaked at 105.78 billion BoP, current US$ in 2008 and was at its lowest, 2.83 billion BoP, current US$, in 1970.
Venezuela, Bolivarian Republic of ranks 85th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods, services and primary income in Venezuela, Bolivarian Republic of, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1970 | 2.83 billion BoP, current US$ | — |
| 1971 | 3.34 billion BoP, current US$ | +17.9% |
| 1972 | 3.42 billion BoP, current US$ | +2.4% |
| 1973 | 5.28 billion BoP, current US$ | +54.4% |
| 1974 | 11.97 billion BoP, current US$ | +126.8% |
| 1975 | 10.09 billion BoP, current US$ | -15.7% |
| 1976 | 10.38 billion BoP, current US$ | +2.8% |
| 1977 | 10.95 billion BoP, current US$ | +5.5% |
| 1978 | 10.86 billion BoP, current US$ | -0.8% |
| 1979 | 16.30 billion BoP, current US$ | +50.2% |
| 1980 | 22.23 billion BoP, current US$ | +36.4% |
| 1981 | 24.52 billion BoP, current US$ | +10.3% |
| 1982 | 20.12 billion BoP, current US$ | -17.9% |
| 1983 | 17.34 billion BoP, current US$ | -13.8% |
| 1984 | 18.86 billion BoP, current US$ | +8.8% |
| 1985 | 17.19 billion BoP, current US$ | -8.9% |
| 1986 | 11.25 billion BoP, current US$ | -34.5% |
| 1987 | 12.88 billion BoP, current US$ | +14.5% |
| 1988 | 12.71 billion BoP, current US$ | -1.4% |
| 1989 | 15.57 billion BoP, current US$ | +22.6% |
| 1990 | 21.46 billion BoP, current US$ | +37.9% |
| 1991 | 18.56 billion BoP, current US$ | -13.5% |
| 1992 | 17.12 billion BoP, current US$ | -7.7% |
| 1993 | 17.72 billion BoP, current US$ | +3.5% |
| 1994 | 19.31 billion BoP, current US$ | +9.0% |
| 1995 | 22.62 billion BoP, current US$ | +17.2% |
| 1996 | 26.86 billion BoP, current US$ | +18.7% |
| 1997 | 27.61 billion BoP, current US$ | +2.8% |
| 1998 | 21.61 billion BoP, current US$ | -21.7% |
| 1999 | 24.59 billion BoP, current US$ | +13.8% |
| 2000 | 37.76 billion BoP, current US$ | +53.6% |
| 2001 | 30.65 billion BoP, current US$ | -18.8% |
| 2002 | 29.27 billion BoP, current US$ | -4.5% |
| 2003 | 29.84 billion BoP, current US$ | +1.9% |
| 2004 | 42.83 billion BoP, current US$ | +43.6% |
| 2005 | 61.21 billion BoP, current US$ | +42.9% |
| 2006 | 75.35 billion BoP, current US$ | +23.1% |
| 2007 | 82.20 billion BoP, current US$ | +9.1% |
| 2008 | 105.78 billion BoP, current US$ | +28.7% |
| 2009 | 62.95 billion BoP, current US$ | -40.5% |
| 2010 | 70.48 billion BoP, current US$ | +12.0% |
| 2011 | 97.68 billion BoP, current US$ | +38.6% |
| 2012 | 101.81 billion BoP, current US$ | +4.2% |
| 2013 | 93.19 billion BoP, current US$ | -8.5% |
| 2014 | 78.62 billion BoP, current US$ | -15.6% |
| 2015 | 39.72 billion BoP, current US$ | -49.5% |
| 2016 | 29.29 billion BoP, current US$ | -26.3% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 29.29 billion BoP, current US$ is above the median for lower middle income countries, which is 9.42 billion BoP, current US$, 3.1× the median. (47 countries reporting)
- Venezuela, Bolivarian Republic of's 29.29 billion BoP, current US$ is above the median for Latin America & Caribbean, which is 11.20 billion BoP, current US$, 2.6× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.54 billion BoP, current US$ | 2.83 billion BoP, current US$ | 16.30 billion BoP, current US$ | 10 |
| 1980s | 17.27 billion BoP, current US$ | 11.25 billion BoP, current US$ | 24.52 billion BoP, current US$ | 10 |
| 1990s | 21.74 billion BoP, current US$ | 17.12 billion BoP, current US$ | 27.61 billion BoP, current US$ | 10 |
| 2000s | 55.78 billion BoP, current US$ | 29.27 billion BoP, current US$ | 105.78 billion BoP, current US$ | 10 |
| 2010s | 72.97 billion BoP, current US$ | 29.29 billion BoP, current US$ | 101.81 billion BoP, current US$ | 7 |
Countries ranked near Venezuela, Bolivarian Republic of
- 82 Dominican Republic 31.85 billion BoP, current US$ compare
- 83 Angola 31.45 billion BoP, current US$ compare
- 84 Iran, Islamic Republic of 30.13 billion BoP, current US$ compare
- 86 Uruguay 25.83 billion BoP, current US$ compare
- 87 Jordan 24.82 billion BoP, current US$ compare
- 88 Côte d'Ivoire 22.85 billion BoP, current US$ 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)
- 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is exports of goods, services and primary income in Venezuela, Bolivarian Republic of?
- Exports of goods, services and primary income in Venezuela, Bolivarian Republic of was 29.29 billion BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest exports of goods, services and primary income recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 105.78 billion BoP, current US$ in 2008.
- What is the lowest exports of goods, services and primary income recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 2.83 billion BoP, current US$ in 1970.
- How does Venezuela, Bolivarian Republic of rank for exports of goods, services and primary income?
- Venezuela, Bolivarian Republic of ranks 85th out of 199 countries with data for 2016.
- Is exports of goods, services and primary income rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 61.1%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Exports of goods, services and primary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.