ICT service exports in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: ICT service exports was 5.0% in 2016. ◆ Volatile
ICT service exports in Venezuela, Bolivarian Republic of, 1989–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
The most recent figure for ict service exports in Venezuela, Bolivarian Republic of is 5.0%, measured in 2016.
The figure is down 13.4% on the previous year and down 26.6% over ten years.
Over the whole period, ict service exports in Venezuela, Bolivarian Republic of peaked at 12.8% in 1997 and was at its lowest, 0.4%, in 1996.
Venezuela, Bolivarian Republic of ranks 101st 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, Bolivarian Republic of, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1989 | 1.0% | — |
| 1990 | 0.8% | -21.4% |
| 1991 | 1.1% | +38.9% |
| 1992 | 2.3% | +121.6% |
| 1993 | 2.3% | -2.0% |
| 1994 | 1.8% | -20.3% |
| 1995 | 2.0% | +10.6% |
| 1996 | 0.4% | -81.3% |
| 1997 | 12.8% | +3293.7% |
| 1998 | 8.9% | -30.6% |
| 1999 | 8.4% | -5.5% |
| 2000 | 8.3% | -0.7% |
| 2001 | 5.3% | -36.6% |
| 2002 | 4.6% | -12.6% |
| 2003 | 4.9% | +5.5% |
| 2004 | 4.1% | -15.6% |
| 2005 | 5.1% | +24.6% |
| 2006 | 6.8% | +32.3% |
| 2007 | 4.3% | -36.1% |
| 2008 | 3.7% | -14.5% |
| 2009 | 3.9% | +4.5% |
| 2010 | 4.7% | +21.6% |
| 2011 | 4.0% | -14.5% |
| 2012 | 3.5% | -12.6% |
| 2013 | 3.7% | +6.5% |
| 2014 | 4.0% | +6.5% |
| 2015 | 5.7% | +44.1% |
| 2016 | 5.0% | -13.4% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 5.0% is above the median for lower middle income countries, which is 4.6%, 1.1× the median. (47 countries reporting)
- Venezuela, Bolivarian Republic of's 5.0% is above the median for Latin America & Caribbean, which is 3.1%, 1.6× the median. (35 countries reporting)
Biggest year-on-year movements
Years where ICT service exports in Venezuela, Bolivarian Republic of 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 | +3293.7% | 0.4% | 12.8% |
| 1992 | +121.6% | 1.1% | 2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.0% | 1.0% | 1.0% | 1 |
| 1990s | 4.1% | 0.4% | 12.8% | 10 |
| 2000s | 5.1% | 3.7% | 8.3% | 10 |
| 2010s | 4.4% | 3.5% | 5.7% | 7 |
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 ict service exports in Venezuela, Bolivarian Republic of?
- Ict service exports in Venezuela, Bolivarian Republic of was 5.0% 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, Bolivarian Republic of?
- The highest recorded value was 12.8% in 1997.
- What is the lowest ict service exports recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 0.4% in 1996.
- How does Venezuela, Bolivarian Republic of rank for ict service exports?
- Venezuela, Bolivarian Republic of ranks 101st out of 189 countries with data for 2016.
- Is ict service exports rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 26.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of 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 (% of service exports, BoP). 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).