Value of imported goods as a share of GDP in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Value of imported goods as a share of GDP was 13.6% in 2024. ▬ Flat
Latest (2024)
13.6%
Change on year
up 14.0%
World rank
182nd
of 201 countries
All-time high
26.7%
in 2015
All-time low
8.5%
in 1983
Years of data
65
1960–2024
Value of imported goods as a share of GDP in Venezuela, Bolivarian Republic of, 1960–2024
Source: International Monetary Fund (2025); 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 2024, value of imported goods as a share of gdp in Venezuela, Bolivarian Republic of stood at 13.6%.
The figure is up 14.0% on the previous year and down 31.6% over ten years.
Over the whole period, value of imported goods as a share of gdp in Venezuela, Bolivarian Republic of peaked at 26.7% in 2015 and was at its lowest, 8.5%, in 1983.
That places Venezuela, Bolivarian Republic of 182nd out of 201 countries with data for 2024, putting it in the bottom quarter.
Value of imported goods as a share of GDP in Venezuela, Bolivarian Republic of, 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% | -42.2% |
| 2017 | 10.0% | -35.2% |
| 2018 | 11.9% | +19.0% |
| 2019 | 9.4% | -21.4% |
| 2020 | 18.3% | +95.6% |
| 2021 | 15.6% | -14.8% |
| 2022 | 13.1% | -16.3% |
| 2023 | 11.9% | -8.6% |
| 2024 | 13.6% | +14.0% |
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 | 15.2% | 9.4% | 26.7% | 10 |
| 2020s | 14.5% | 11.9% | 18.3% | 5 |
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 value of imported goods as a share of gdp in Venezuela, Bolivarian Republic of?
- Value of imported goods as a share of gdp in Venezuela, Bolivarian Republic of was 13.6% in 2024, according to International Monetary Fund (2025); 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, Bolivarian Republic of?
- 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, Bolivarian Republic of?
- The lowest recorded value was 8.5% in 1983.
- How does Venezuela, Bolivarian Republic of rank for value of imported goods as a share of gdp?
- Venezuela, Bolivarian Republic of ranks 182nd out of 201 countries with data for 2024.
- Is value of imported goods as a share of gdp rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 31.6%. The long-run trend across the full record is flat.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Monetary Fund (2025); 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).