Value of imported goods as a share of GDP (International Monetary) in Venezuela
Venezuela: Value of imported goods as a share of GDP (International Monetary) was 14.7% in 2025. ▬ Flat
Latest (2025)
14.7%
Change on year
up 12.0%
World rank
174th
of 201 countries
All-time high
26.7%
in 2015
All-time low
8.5%
in 1983
Years of data
66
1960–2025
Value of imported goods as a share of GDP in Venezuela, 1960–2025
Source: International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Measured in %.
Analysis
In 2025, value of imported goods as a share of gdp in Venezuela stood at 14.7%.
The figure is up 12.0% on the previous year and down 44.8% over ten years.
Over the whole period, value of imported goods as a share of gdp in Venezuela peaked at 26.7% in 2015 and was at its lowest, 8.5%, in 1983.
That places Venezuela 174th out of 201 countries with data for 2025, putting it in the bottom quarter.
Value of imported goods as a share of GDP (International Monetary) in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 13.4% | — |
| 1961 | 12.0% | -10.4% |
| 1962 | 10.8% | -9.9% |
| 1963 | 9.0% | -17.4% |
| 1964 | 13.9% | +55.3% |
| 1965 | 15.5% | +11.1% |
| 1966 | 13.5% | -12.4% |
| 1967 | 14.3% | +5.5% |
| 1968 | 15.3% | +7.4% |
| 1969 | 15.0% | -2.1% |
| 1970 | 15.1% | +0.6% |
| 1971 | 13.4% | -11.3% |
| 1972 | 14.4% | +7.2% |
| 1973 | 13.6% | -5.3% |
| 1974 | 14.0% | +3.1% |
| 1975 | 18.6% | +32.4% |
| 1976 | 19.2% | +3.5% |
| 1977 | 22.6% | +17.6% |
| 1978 | 26.3% | +16.4% |
| 1979 | 20.0% | -24.0% |
| 1980 | 19.0% | -5.0% |
| 1981 | 18.5% | -2.5% |
| 1982 | 17.5% | -5.7% |
| 1983 | 8.5% | -51.5% |
| 1984 | 11.7% | +38.0% |
| 1985 | 11.8% | +0.6% |
| 1986 | 12.4% | +5.5% |
| 1987 | 17.7% | +42.2% |
| 1988 | 18.5% | +5.0% |
| 1989 | 15.3% | -17.4% |
| 1990 | 13.5% | -12.1% |
| 1991 | 20.1% | +49.3% |
| 1992 | 21.8% | +8.4% |
| 1993 | 20.2% | -7.5% |
| 1994 | 13.5% | -32.8% |
| 1995 | 13.7% | +1.5% |
| 1996 | 12.5% | -9.3% |
| 1997 | 15.4% | +23.4% |
| 1998 | 15.6% | +1.3% |
| 1999 | 11.8% | -24.0% |
| 2000 | 13.0% | +10.1% |
| 2001 | 14.1% | +8.1% |
| 2002 | 13.3% | -5.4% |
| 2003 | 9.8% | -26.2% |
| 2004 | 13.1% | +33.6% |
| 2005 | 14.6% | +11.0% |
| 2006 | 16.1% | +10.6% |
| 2007 | 19.9% | +23.2% |
| 2008 | 15.4% | -22.2% |
| 2009 | 12.4% | -19.5% |
| 2010 | 9.5% | -24.0% |
| 2011 | 15.7% | +66.0% |
| 2012 | 15.9% | +1.5% |
| 2013 | 17.9% | +12.2% |
| 2014 | 19.9% | +11.5% |
| 2015 | 26.7% | +33.9% |
| 2016 | 15.4% | -42.3% |
| 2017 | 10.2% | -33.6% |
| 2018 | 12.3% | +20.7% |
| 2019 | 9.4% | -23.6% |
| 2020 | 18.4% | +94.8% |
| 2021 | 15.5% | -15.5% |
| 2022 | 12.7% | -18.2% |
| 2023 | 11.6% | -8.8% |
| 2024 | 13.1% | +13.3% |
| 2025 | 14.7% | +12.0% |
Venezuela compared with similar countries
- Venezuela's 14.7% is below the median for lower middle income countries, which is 28.5%, 52% of the median. (47 countries reporting)
- Venezuela's 14.7% is below the median for Latin America & Caribbean, which is 29.0%, 51% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.3% | 9.0% | 15.5% | 10 |
| 1970s | 17.7% | 13.4% | 26.3% | 10 |
| 1980s | 15.1% | 8.5% | 19.0% | 10 |
| 1990s | 15.8% | 11.8% | 21.8% | 10 |
| 2000s | 14.2% | 9.8% | 19.9% | 10 |
| 2010s | 15.3% | 9.4% | 26.7% | 10 |
| 2020s | 14.4% | 11.6% | 18.4% | 6 |
Countries ranked near Venezuela
More economy & growth data for Venezuela
- Real gdp growth, annual growth rate -25.42 % change on previous year (2018)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is value of imported goods as a share of gdp in Venezuela?
- Value of imported goods as a share of gdp in Venezuela was 14.7% in 2025, according to International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data.
- What is the highest value of imported goods as a share of gdp recorded in Venezuela?
- The highest recorded value was 26.7% in 2015.
- What is the lowest value of imported goods as a share of gdp recorded in Venezuela?
- The lowest recorded value was 8.5% in 1983.
- How does Venezuela rank for value of imported goods as a share of gdp?
- Venezuela ranks 174th out of 201 countries with data for 2025.
- Is value of imported goods as a share of gdp rising or falling in Venezuela?
- Over the last ten years it is down 44.8%. The long-run trend across the full record is flat.
- Where does this Venezuela data come from?
- The figures come from International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as part of Value of imported goods as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).