External balance on goods and services as a percent of GDP in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: External balance on goods and services as a percent of GDP was 4.8% in 2025. ◆ Volatile
External balance on goods and services as a percent of GDP in Venezuela, Bolivarian Republic of, 1960–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services as a percent of gdp in Venezuela, Bolivarian Republic of is 4.8%, measured in 2025.
The figure is down 33.7% on the previous year and down 77.3% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Venezuela, Bolivarian Republic of peaked at 36.3% in 2019 and was at its lowest, -13.2%, in 1978.
Venezuela, Bolivarian Republic of ranks 43rd of 191 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services as a percent of GDP in Venezuela, Bolivarian Republic of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 12.3% | — |
| 1961 | 14.8% | +20.3% |
| 1962 | 15.8% | +6.7% |
| 1963 | 16.9% | +6.9% |
| 1964 | 12.2% | -27.7% |
| 1965 | 10.0% | -18.3% |
| 1966 | 10.5% | +5.8% |
| 1967 | 9.8% | -7.3% |
| 1968 | 5.8% | -40.7% |
| 1969 | 4.6% | -20.5% |
| 1970 | 4.5% | -3.0% |
| 1971 | 6.3% | +40.4% |
| 1972 | 3.3% | -47.3% |
| 1973 | 9.5% | +187.8% |
| 1974 | 24.4% | +156.5% |
| 1975 | 7.9% | -67.8% |
| 1976 | 0.9% | -89.1% |
| 1977 | -8.0% | -1025.5% |
| 1978 | -13.2% | +65.5% |
| 1979 | 1.5% | -111.3% |
| 1980 | 7.9% | +428.6% |
| 1981 | 5.6% | -29.0% |
| 1982 | -3.0% | -152.8% |
| 1983 | 9.7% | -426.7% |
| 1984 | 7.5% | -22.3% |
| 1985 | 5.7% | -24.6% |
| 1986 | -0.4% | -107.4% |
| 1987 | -1.8% | +339.0% |
| 1988 | -6.5% | +253.9% |
| 1989 | 12.6% | -295.2% |
| 1990 | 18.6% | +47.8% |
| 1991 | 0.0% | -100.0% |
| 1992 | 0.0% | — |
| 1993 | 0.0% | — |
| 1994 | 0.0% | — |
| 1995 | 0.0% | — |
| 1996 | 0.0% | — |
| 1997 | 0.0% | — |
| 1998 | 0.0% | — |
| 1999 | 0.0% | — |
| 2000 | 0.0% | — |
| 2001 | 0.0% | — |
| 2002 | 0.0% | — |
| 2003 | 0.0% | — |
| 2004 | 0.0% | — |
| 2005 | 0.0% | — |
| 2006 | 0.0% | — |
| 2007 | 0.0% | — |
| 2008 | 0.0% | — |
| 2009 | 0.0% | — |
| 2010 | 0.0% | — |
| 2011 | 0.0% | — |
| 2012 | 8.4% | — |
| 2013 | -2.1% | -124.8% |
| 2014 | 22.8% | -1191.1% |
| 2015 | 21.1% | -7.3% |
| 2016 | 21.0% | -0.6% |
| 2017 | 24.1% | +14.5% |
| 2018 | 30.5% | +26.6% |
| 2019 | 36.3% | +19.0% |
| 2020 | -0.1% | -100.2% |
| 2021 | 1.5% | -1949.6% |
| 2022 | 4.8% | +225.7% |
| 2023 | 8.0% | +67.5% |
| 2024 | 7.2% | -10.0% |
| 2025 | 4.8% | -33.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.3% | 4.6% | 16.9% | 10 |
| 1970s | 3.7% | -13.2% | 24.4% | 10 |
| 1980s | 3.7% | -6.5% | 12.6% | 10 |
| 1990s | 1.9% | 0.0% | 18.6% | 10 |
| 2000s | 0.0% | 0.0% | 0.0% | 10 |
| 2010s | 16.2% | -2.1% | 36.3% | 10 |
| 2020s | 4.4% | -0.1% | 8.0% | 6 |
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 external balance on goods and services as a percent of gdp in Venezuela, Bolivarian Republic of?
- External balance on goods and services as a percent of gdp in Venezuela, Bolivarian Republic of was 4.8% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 36.3% in 2019.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was -13.2% in 1978.
- How does Venezuela, Bolivarian Republic of rank for external balance on goods and services as a percent of gdp?
- Venezuela, Bolivarian Republic of ranks 43rd out of 191 countries with data for 2025.
- Is external balance on goods and services as a percent of gdp rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 77.3%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.