External balance on goods and services (current US$) (US current) in Venezuela
Venezuela: External balance on goods and services (current US$) (US current) was 4.78 billion current US$ in 2025. ◆ Volatile
External balance on goods and services in Venezuela, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for external balance on goods and services in Venezuela is 4.78 billion current US$, measured in 2025.
The figure is down 45.2% on the previous year and down 81.9% over ten years.
Over the whole period, external balance on goods and services in Venezuela peaked at 49.00 billion current US$ in 2014 and was at its lowest, -5.40 billion current US$, in 2013.
That places Venezuela 45th out of 193 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current US$) (US current) in Venezuela, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 941.52 million current US$ | — |
| 1961 | 1.19 billion current US$ | +26.6% |
| 1962 | 1.39 billion current US$ | +16.6% |
| 1963 | 1.62 billion current US$ | +16.5% |
| 1964 | 998.25 million current US$ | -38.4% |
| 1965 | 838.64 million current US$ | -16.0% |
| 1966 | 924.69 million current US$ | +10.3% |
| 1967 | 903.18 million current US$ | -2.3% |
| 1968 | 580.60 million current US$ | -35.7% |
| 1969 | 473.11 million current US$ | -18.5% |
| 1970 | 516.11 million current US$ | +9.1% |
| 1971 | 813.75 million current US$ | +57.7% |
| 1972 | 461.86 million current US$ | -43.2% |
| 1973 | 1.62 billion current US$ | +250.8% |
| 1974 | 6.37 billion current US$ | +293.1% |
| 1975 | 2.16 billion current US$ | -66.1% |
| 1976 | 270.07 million current US$ | -87.5% |
| 1977 | -2.88 billion current US$ | -1166.6% |
| 1978 | -5.18 billion current US$ | +79.7% |
| 1979 | 720.14 million current US$ | -113.9% |
| 1980 | 4.66 billion current US$ | +546.9% |
| 1981 | 3.71 billion current US$ | -20.3% |
| 1982 | -2.00 billion current US$ | -153.9% |
| 1983 | 6.53 billion current US$ | -425.8% |
| 1984 | 4.50 billion current US$ | -31.1% |
| 1985 | 3.51 billion current US$ | -22.0% |
| 1986 | -251.76 million current US$ | -107.2% |
| 1987 | -877.19 million current US$ | +248.4% |
| 1988 | -3.89 billion current US$ | +343.7% |
| 1989 | 5.49 billion current US$ | -241.1% |
| 1990 | 9.06 billion current US$ | +65.0% |
| 1991 | 0 current US$ | -100.0% |
| 1992 | 0 current US$ | — |
| 1993 | 0 current US$ | — |
| 1994 | 0 current US$ | — |
| 1995 | 0 current US$ | — |
| 1996 | 0 current US$ | — |
| 1997 | 0 current US$ | — |
| 1998 | 0 current US$ | — |
| 1999 | 0 current US$ | — |
| 2000 | 0 current US$ | — |
| 2001 | 0 current US$ | — |
| 2002 | 0 current US$ | — |
| 2003 | 0 current US$ | — |
| 2004 | 0 current US$ | — |
| 2005 | 0 current US$ | — |
| 2006 | 0 current US$ | — |
| 2007 | 0 current US$ | — |
| 2008 | 0 current US$ | — |
| 2009 | 0 current US$ | — |
| 2010 | 0 current US$ | — |
| 2011 | 0 current US$ | — |
| 2012 | 31.38 billion current US$ | — |
| 2013 | -5.40 billion current US$ | -117.2% |
| 2014 | 49.00 billion current US$ | -1006.8% |
| 2015 | 26.47 billion current US$ | -46.0% |
| 2016 | 23.72 billion current US$ | -10.4% |
| 2017 | 27.87 billion current US$ | +17.5% |
| 2018 | 31.07 billion current US$ | +11.5% |
| 2019 | 26.48 billion current US$ | -14.8% |
| 2020 | -34.13 million current US$ | -100.1% |
| 2021 | 834.35 million current US$ | -2544.4% |
| 2022 | 4.27 billion current US$ | +412.1% |
| 2023 | 8.23 billion current US$ | +92.6% |
| 2024 | 8.72 billion current US$ | +6.0% |
| 2025 | 4.78 billion current US$ | -45.2% |
Venezuela compared with similar countries
- Venezuela's 4.78 billion current US$ is above the median for lower middle income countries, which is -1.67 billion current US$. (45 countries reporting)
- Venezuela's 4.78 billion current US$ is above the median for Latin America & Caribbean, which is -154.10 million current US$. (29 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current US$) (US 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 |
|---|---|---|---|
| 2021 | +2544.4% | -34.13 million current US$ | 834.35 million current US$ |
| 1977 | -1166.6% | 270.07 million current US$ | -2.88 billion current US$ |
| 2014 | +1006.8% | -5.40 billion current US$ | 49.00 billion current US$ |
| 1980 | +546.9% | 720.14 million current US$ | 4.66 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 986.21 million current US$ | 473.11 million current US$ | 1.62 billion current US$ | 10 |
| 1970s | 487.48 million current US$ | -5.18 billion current US$ | 6.37 billion current US$ | 10 |
| 1980s | 2.14 billion current US$ | -3.89 billion current US$ | 6.53 billion current US$ | 10 |
| 1990s | 906.20 million current US$ | 0 current US$ | 9.06 billion current US$ | 10 |
| 2000s | 0 current US$ | 0 current US$ | 0 current US$ | 10 |
| 2010s | 21.06 billion current US$ | -5.40 billion current US$ | 49.00 billion current US$ | 10 |
| 2020s | 4.47 billion current US$ | -34.13 million current US$ | 8.72 billion current US$ | 6 |
Countries ranked near Venezuela
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)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0477 units per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services in Venezuela?
- External balance on goods and services in Venezuela was 4.78 billion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Venezuela?
- The highest recorded value was 49.00 billion current US$ in 2014.
- What is the lowest external balance on goods and services recorded in Venezuela?
- The lowest recorded value was -5.40 billion current US$ in 2013.
- How does Venezuela rank for external balance on goods and services?
- Venezuela ranks 45th out of 193 countries with data for 2025.
- Is external balance on goods and services rising or falling in Venezuela?
- Over the last ten years it is down 81.9%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.