Imports of goods, services and primary income in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Imports of goods, services and primary income was 33.34 billion BoP, current US$ in 2016. ◆ Volatile
Imports of goods, services and primary income in Venezuela, Bolivarian Republic of, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Venezuela, Bolivarian Republic of recorded 33.34 billion BoP, current US$ for imports of goods, services and primary income in 2016.
Compared with earlier readings it is down 40.1% on the previous year and down 31.7% over ten years.
Over the whole period, imports of goods, services and primary income in Venezuela, Bolivarian Republic of peaked at 98.22 billion BoP, current US$ in 2012 and was at its lowest, 2.85 billion BoP, current US$, in 1970.
Venezuela, Bolivarian Republic of ranks 84th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods, services and primary income in Venezuela, Bolivarian Republic of, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1970 | 2.85 billion BoP, current US$ | — |
| 1971 | 3.27 billion BoP, current US$ | +14.8% |
| 1972 | 3.42 billion BoP, current US$ | +4.8% |
| 1973 | 4.29 billion BoP, current US$ | +25.3% |
| 1974 | 6.01 billion BoP, current US$ | +40.1% |
| 1975 | 7.75 billion BoP, current US$ | +28.9% |
| 1976 | 9.89 billion BoP, current US$ | +27.6% |
| 1977 | 13.84 billion BoP, current US$ | +40.0% |
| 1978 | 16.18 billion BoP, current US$ | +16.9% |
| 1979 | 15.55 billion BoP, current US$ | -3.9% |
| 1980 | 17.07 billion BoP, current US$ | +9.8% |
| 1981 | 20.11 billion BoP, current US$ | +17.8% |
| 1982 | 23.73 billion BoP, current US$ | +18.0% |
| 1983 | 12.70 billion BoP, current US$ | -46.5% |
| 1984 | 14.04 billion BoP, current US$ | +10.5% |
| 1985 | 13.69 billion BoP, current US$ | -2.5% |
| 1986 | 13.38 billion BoP, current US$ | -2.3% |
| 1987 | 14.18 billion BoP, current US$ | +6.0% |
| 1988 | 18.37 billion BoP, current US$ | +29.5% |
| 1989 | 13.23 billion BoP, current US$ | -28.0% |
| 1990 | 12.88 billion BoP, current US$ | -2.6% |
| 1991 | 16.46 billion BoP, current US$ | +27.7% |
| 1992 | 20.50 billion BoP, current US$ | +24.6% |
| 1993 | 19.34 billion BoP, current US$ | -5.6% |
| 1994 | 16.68 billion BoP, current US$ | -13.8% |
| 1995 | 20.71 billion BoP, current US$ | +24.2% |
| 1996 | 18.08 billion BoP, current US$ | -12.7% |
| 1997 | 23.78 billion BoP, current US$ | +31.5% |
| 1998 | 25.84 billion BoP, current US$ | +8.7% |
| 1999 | 22.41 billion BoP, current US$ | -13.3% |
| 2000 | 25.74 billion BoP, current US$ | +14.9% |
| 2001 | 28.52 billion BoP, current US$ | +10.8% |
| 2002 | 21.51 billion BoP, current US$ | -24.6% |
| 2003 | 18.06 billion BoP, current US$ | -16.0% |
| 2004 | 27.24 billion BoP, current US$ | +50.8% |
| 2005 | 35.70 billion BoP, current US$ | +31.0% |
| 2006 | 48.81 billion BoP, current US$ | +36.7% |
| 2007 | 68.00 billion BoP, current US$ | +39.3% |
| 2008 | 73.55 billion BoP, current US$ | +8.2% |
| 2009 | 61.88 billion BoP, current US$ | -15.9% |
| 2010 | 64.00 billion BoP, current US$ | +3.4% |
| 2011 | 80.53 billion BoP, current US$ | +25.8% |
| 2012 | 98.22 billion BoP, current US$ | +22.0% |
| 2013 | 87.37 billion BoP, current US$ | -11.1% |
| 2014 | 73.49 billion BoP, current US$ | -15.9% |
| 2015 | 55.61 billion BoP, current US$ | -24.3% |
| 2016 | 33.34 billion BoP, current US$ | -40.1% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 33.34 billion BoP, current US$ is above the median for lower middle income countries, which is 12.80 billion BoP, current US$, 2.6× the median. (47 countries reporting)
- Venezuela, Bolivarian Republic of's 33.34 billion BoP, current US$ is above the median for Latin America & Caribbean, which is 12.64 billion BoP, current US$, 2.6× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.31 billion BoP, current US$ | 2.85 billion BoP, current US$ | 16.18 billion BoP, current US$ | 10 |
| 1980s | 16.05 billion BoP, current US$ | 12.70 billion BoP, current US$ | 23.73 billion BoP, current US$ | 10 |
| 1990s | 19.67 billion BoP, current US$ | 12.88 billion BoP, current US$ | 25.84 billion BoP, current US$ | 10 |
| 2000s | 40.90 billion BoP, current US$ | 18.06 billion BoP, current US$ | 73.55 billion BoP, current US$ | 10 |
| 2010s | 70.37 billion BoP, current US$ | 33.34 billion BoP, current US$ | 98.22 billion BoP, current US$ | 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is imports of goods, services and primary income in Venezuela, Bolivarian Republic of?
- Imports of goods, services and primary income in Venezuela, Bolivarian Republic of was 33.34 billion BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods, services and primary income recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 98.22 billion BoP, current US$ in 2012.
- What is the lowest imports of goods, services and primary income recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 2.85 billion BoP, current US$ in 1970.
- How does Venezuela, Bolivarian Republic of rank for imports of goods, services and primary income?
- Venezuela, Bolivarian Republic of ranks 84th out of 200 countries with data for 2016.
- Is imports of goods, services and primary income rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 31.7%. 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 Imports of goods, services and primary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. 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.