External balance on goods and services in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: External balance on goods and services was 4.8% in 2025. ◆ Volatile
External balance on goods and services in Venezuela, Bolivarian Republic of, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Venezuela, Bolivarian Republic of recorded 4.8% for external balance on goods and services 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 in Venezuela, Bolivarian Republic of peaked at 36.3% in 2019 and was at its lowest, -13.2%, in 1978.
That places Venezuela, Bolivarian Republic of 43rd 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 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 in Venezuela, Bolivarian Republic of?
- External balance on goods and services in Venezuela, Bolivarian Republic of was 4.8% 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, Bolivarian Republic of?
- The highest recorded value was 36.3% in 2019.
- What is the lowest external balance on goods and services 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?
- Venezuela, Bolivarian Republic of ranks 43rd out of 193 countries with data for 2025.
- Is external balance on goods and services 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.