ICT service exports in Venezuela
Venezuela: ICT service exports was 64.00 million BoP, current US$ in 2016. ◆ Volatile
ICT service exports in Venezuela, 1989–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2016, ict service exports in Venezuela stood at 64.00 million BoP, current US$.
Compared with earlier readings it is down 31.9% on the previous year and down 39.0% over ten years.
Over the whole period, ict service exports in Venezuela peaked at 169.00 million BoP, current US$ in 1997 and was at its lowest, 6.00 million BoP, current US$, in 1996.
Venezuela ranks 117th of 189 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
ICT service exports in Venezuela, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1989 | 9.00 million BoP, current US$ | — |
| 1990 | 9.00 million BoP, current US$ | +0.0% |
| 1991 | 13.00 million BoP, current US$ | +44.4% |
| 1992 | 31.00 million BoP, current US$ | +138.5% |
| 1993 | 31.00 million BoP, current US$ | +0.0% |
| 1994 | 29.00 million BoP, current US$ | -6.5% |
| 1995 | 34.00 million BoP, current US$ | +17.2% |
| 1996 | 6.00 million BoP, current US$ | -82.4% |
| 1997 | 169.00 million BoP, current US$ | +2716.7% |
| 1998 | 127.00 million BoP, current US$ | -24.9% |
| 1999 | 114.00 million BoP, current US$ | -10.2% |
| 2000 | 99.00 million BoP, current US$ | -13.2% |
| 2001 | 73.00 million BoP, current US$ | -26.3% |
| 2002 | 47.00 million BoP, current US$ | -35.6% |
| 2003 | 43.00 million BoP, current US$ | -8.5% |
| 2004 | 46.00 million BoP, current US$ | +7.0% |
| 2005 | 69.00 million BoP, current US$ | +50.0% |
| 2006 | 105.00 million BoP, current US$ | +52.2% |
| 2007 | 81.00 million BoP, current US$ | -22.9% |
| 2008 | 81.00 million BoP, current US$ | +0.0% |
| 2009 | 83.00 million BoP, current US$ | +2.5% |
| 2010 | 87.00 million BoP, current US$ | +4.8% |
| 2011 | 77.00 million BoP, current US$ | -11.5% |
| 2012 | 76.00 million BoP, current US$ | -1.3% |
| 2013 | 83.00 million BoP, current US$ | +9.2% |
| 2014 | 85.00 million BoP, current US$ | +2.4% |
| 2015 | 94.00 million BoP, current US$ | +10.6% |
| 2016 | 64.00 million BoP, current US$ | -31.9% |
Venezuela compared with similar countries
- Venezuela's 64.00 million BoP, current US$ is above the median for lower middle income countries, which is 60.76 million BoP, current US$, 1.1× the median. (47 countries reporting)
- Venezuela's 64.00 million BoP, current US$ is above the median for Latin America & Caribbean, which is 64.00 million BoP, current US$, 1.0× the median. (35 countries reporting)
Biggest year-on-year movements
Years where ICT service exports in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +2716.7% | 6.00 million BoP, current US$ | 169.00 million BoP, current US$ |
| 1992 | +138.5% | 13.00 million BoP, current US$ | 31.00 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.00 million BoP, current US$ | 9.00 million BoP, current US$ | 9.00 million BoP, current US$ | 1 |
| 1990s | 56.30 million BoP, current US$ | 6.00 million BoP, current US$ | 169.00 million BoP, current US$ | 10 |
| 2000s | 72.70 million BoP, current US$ | 43.00 million BoP, current US$ | 105.00 million BoP, current US$ | 10 |
| 2010s | 80.86 million BoP, current US$ | 64.00 million BoP, current US$ | 94.00 million BoP, current US$ | 7 |
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)
- 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is ict service exports in Venezuela?
- Ict service exports in Venezuela was 64.00 million BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest ict service exports recorded in Venezuela?
- The highest recorded value was 169.00 million BoP, current US$ in 1997.
- What is the lowest ict service exports recorded in Venezuela?
- The lowest recorded value was 6.00 million BoP, current US$ in 1996.
- How does Venezuela rank for ict service exports?
- Venezuela ranks 117th out of 189 countries with data for 2016.
- Is ict service exports rising or falling in Venezuela?
- Over the last ten years it is down 39.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of ICT service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions). Data are in current U.S. dollars.