Goods exports (BoP, current US$), per unit of GDP in Venezuela
Venezuela: Goods exports (BoP, current US$), per unit of GDP was 0.2426 BoP, current US$ per US$ of GDP in 2016. ▲ Rising
Goods exports (BoP, current US$), per unit of GDP in Venezuela, 1970–2016
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
In 2016, goods exports (bop, current us$), per unit of gdp in Venezuela stood at 0.2426 BoP, current US$ per US$ of GDP.
That represents a change of down 18.4% on the previous year and down 32.1% over ten years.
Over the whole period, goods exports (bop, current us$), per unit of gdp in Venezuela peaked at 0.4326 BoP, current US$ per US$ of GDP in 1974 and was at its lowest, 0.1432 BoP, current US$ per US$ of GDP, in 1986.
Venezuela ranks 83rd of 199 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Goods exports (BoP, current US$), per unit of GDP in Venezuela, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.2284 BoP, current US$ per US$ of GDP | — |
| 1971 | 0.2427 BoP, current US$ per US$ of GDP | +6.3% |
| 1972 | 0.2291 BoP, current US$ per US$ of GDP | -5.6% |
| 1973 | 0.2819 BoP, current US$ per US$ of GDP | +23.1% |
| 1974 | 0.4326 BoP, current US$ per US$ of GDP | +53.4% |
| 1975 | 0.327 BoP, current US$ per US$ of GDP | -24.4% |
| 1976 | 0.2973 BoP, current US$ per US$ of GDP | -9.1% |
| 1977 | 0.2668 BoP, current US$ per US$ of GDP | -10.3% |
| 1978 | 0.2333 BoP, current US$ per US$ of GDP | -12.5% |
| 1979 | 0.2972 BoP, current US$ per US$ of GDP | +27.4% |
| 1980 | 0.3261 BoP, current US$ per US$ of GDP | +9.7% |
| 1981 | 0.3043 BoP, current US$ per US$ of GDP | -6.7% |
| 1982 | 0.2438 BoP, current US$ per US$ of GDP | -19.9% |
| 1983 | 0.2185 BoP, current US$ per US$ of GDP | -10.4% |
| 1984 | 0.2685 BoP, current US$ per US$ of GDP | +22.9% |
| 1985 | 0.2336 BoP, current US$ per US$ of GDP | -13.0% |
| 1986 | 0.1432 BoP, current US$ per US$ of GDP | -38.7% |
| 1987 | 0.22 BoP, current US$ per US$ of GDP | +53.6% |
| 1988 | 0.1696 BoP, current US$ per US$ of GDP | -22.9% |
| 1989 | 0.2999 BoP, current US$ per US$ of GDP | +76.8% |
| 1990 | 0.3625 BoP, current US$ per US$ of GDP | +20.9% |
| 1991 | 0.2835 BoP, current US$ per US$ of GDP | -21.8% |
| 1992 | 0.2348 BoP, current US$ per US$ of GDP | -17.2% |
| 1993 | 0.2459 BoP, current US$ per US$ of GDP | +4.7% |
| 1994 | 0.2755 BoP, current US$ per US$ of GDP | +12.0% |
| 1995 | 0.2464 BoP, current US$ per US$ of GDP | -10.6% |
| 1996 | 0.3359 BoP, current US$ per US$ of GDP | +36.3% |
| 1997 | 0.278 BoP, current US$ per US$ of GDP | -17.2% |
| 1998 | 0.1938 BoP, current US$ per US$ of GDP | -30.3% |
| 1999 | 0.2139 BoP, current US$ per US$ of GDP | +10.4% |
| 2000 | 0.2862 BoP, current US$ per US$ of GDP | +33.8% |
| 2001 | 0.2169 BoP, current US$ per US$ of GDP | -24.2% |
| 2002 | 0.2883 BoP, current US$ per US$ of GDP | +32.9% |
| 2003 | 0.3256 BoP, current US$ per US$ of GDP | +13.0% |
| 2004 | 0.3527 BoP, current US$ per US$ of GDP | +8.3% |
| 2005 | 0.3829 BoP, current US$ per US$ of GDP | +8.5% |
| 2006 | 0.3574 BoP, current US$ per US$ of GDP | -6.7% |
| 2007 | 0.3047 BoP, current US$ per US$ of GDP | -14.7% |
| 2008 | 0.304 BoP, current US$ per US$ of GDP | -0.2% |
| 2009 | 0.1774 BoP, current US$ per US$ of GDP | -41.6% |
| 2010 | 0.1701 BoP, current US$ per US$ of GDP | -4.1% |
| 2011 | 0.2962 BoP, current US$ per US$ of GDP | +74.1% |
| 2012 | 0.2632 BoP, current US$ per US$ of GDP | -11.1% |
| 2013 | 0.3433 BoP, current US$ per US$ of GDP | +30.4% |
| 2014 | 0.3476 BoP, current US$ per US$ of GDP | +1.2% |
| 2015 | 0.2973 BoP, current US$ per US$ of GDP | -14.5% |
| 2016 | 0.2426 BoP, current US$ per US$ of GDP | -18.4% |
Venezuela compared with similar countries
- Venezuela's 0.2426 BoP, current US$ per US$ of GDP is above the median for lower middle income countries, which is 0.1877 BoP, current US$ per US$ of GDP, 1.3× the median. (47 countries reporting)
- Venezuela's 0.2426 BoP, current US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.137 BoP, current US$ per US$ of GDP, 1.8× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2836 BoP, current US$ per US$ of GDP | 0.2284 BoP, current US$ per US$ of GDP | 0.4326 BoP, current US$ per US$ of GDP | 10 |
| 1980s | 0.2427 BoP, current US$ per US$ of GDP | 0.1432 BoP, current US$ per US$ of GDP | 0.3261 BoP, current US$ per US$ of GDP | 10 |
| 1990s | 0.267 BoP, current US$ per US$ of GDP | 0.1938 BoP, current US$ per US$ of GDP | 0.3625 BoP, current US$ per US$ of GDP | 10 |
| 2000s | 0.2996 BoP, current US$ per US$ of GDP | 0.1774 BoP, current US$ per US$ of GDP | 0.3829 BoP, current US$ per US$ of GDP | 10 |
| 2010s | 0.28 BoP, current US$ per US$ of GDP | 0.1701 BoP, current US$ per US$ of GDP | 0.3476 BoP, current US$ per US$ of GDP | 7 |
Countries ranked near Venezuela
- 80 Kazakhstan 0.2525 BoP, current US$ per US$ of GDP compare
- 81 Angola 0.2501 BoP, current US$ per US$ of GDP compare
- 82 Saudi Arabia 0.2435 BoP, current US$ per US$ of GDP compare
- 84 Botswana 0.2416 BoP, current US$ per US$ of GDP compare
- 85 Morocco 0.2397 BoP, current US$ per US$ of GDP compare
- 86 Canada 0.2391 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is goods exports (bop, current us$), per unit of gdp in Venezuela?
- Goods exports (bop, current us$), per unit of gdp in Venezuela was 0.2426 BoP, current US$ per US$ of GDP in 2016, according to Statizoid (derived).
- What is the highest goods exports (bop, current us$), per unit of gdp recorded in Venezuela?
- The highest recorded value was 0.4326 BoP, current US$ per US$ of GDP in 1974.
- What is the lowest goods exports (bop, current us$), per unit of gdp recorded in Venezuela?
- The lowest recorded value was 0.1432 BoP, current US$ per US$ of GDP in 1986.
- How does Venezuela rank for goods exports (bop, current us$), per unit of gdp?
- Venezuela ranks 83rd out of 199 countries with data for 2016.
- Is goods exports (bop, current us$), per unit of gdp rising or falling in Venezuela?
- Over the last ten years it is down 32.1%. 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 Goods exports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Goods exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Goods exports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Goods exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Goods exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.