Merchandise trade as a proportion of GDP (%) in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Merchandise trade as a proportion of GDP (%) was 24.4% in 2024. ▼ Falling
Latest (2024)
24.4%
Change on year
up 33.2%
World rank
205th
of 220 countries
All-time high
56.3%
in 2015
All-time low
16.7%
in 2022
Years of data
25
2000–2024
Merchandise trade as a proportion of GDP in Venezuela (Bolivarian Republic of), 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Venezuela (Bolivarian Republic of) recorded 24.4% for merchandise trade as a proportion of gdp in 2024.
That represents a change of up 33.2% on the previous year and down 55.6% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Venezuela (Bolivarian Republic of) peaked at 56.3% in 2015 and was at its lowest, 16.7%, in 2022.
Venezuela (Bolivarian Republic of) ranks 205th of 220 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Venezuela (Bolivarian Republic of), year by year
| Year | % | Change |
|---|---|---|
| 2000 | 42.5% | — |
| 2001 | 36.6% | -13.8% |
| 2002 | 42.8% | +16.9% |
| 2003 | 43.6% | +2.0% |
| 2004 | 50.1% | +14.8% |
| 2005 | 54.8% | +9.4% |
| 2006 | 54.1% | -1.3% |
| 2007 | 50.4% | -6.8% |
| 2008 | 46.0% | -8.6% |
| 2009 | 30.1% | -34.7% |
| 2010 | 26.6% | -11.4% |
| 2011 | 44.5% | +67.0% |
| 2012 | 39.9% | -10.3% |
| 2013 | 53.1% | +33.1% |
| 2014 | 54.9% | +3.4% |
| 2015 | 56.3% | +2.6% |
| 2016 | 37.4% | -33.6% |
| 2017 | 36.7% | -1.9% |
| 2018 | 45.2% | +23.3% |
| 2019 | 31.6% | -30.1% |
| 2020 | 27.1% | -14.3% |
| 2021 | 19.8% | -26.7% |
| 2022 | 16.7% | -15.7% |
| 2023 | 18.3% | +9.5% |
| 2024 | 24.4% | +33.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 45.1% | 30.1% | 54.8% | 10 |
| 2010s | 42.6% | 26.6% | 56.3% | 10 |
| 2020s | 21.3% | 16.7% | 27.1% | 5 |
Countries ranked near Venezuela (Bolivarian Republic of)
- 202 Cayman Islands 26.1% compare
- 203 Bangladesh 25.6% compare
- 204 Caribbean 25.4% compare
- 206 Yemen 24.0% compare
- 207 Pakistan 23.9% compare
- 208 Central African Republic 23.8% compare
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Domestic Product — Value Standard Local Currency 1.97 million million SLC (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 71.24 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate 33.82 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 62.95 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 27.34 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, annual growth 62.93 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 27.32 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth -35.55 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 -50 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate -4.86 % change on previous year (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Venezuela (Bolivarian Republic of)?
- Merchandise trade as a proportion of gdp in Venezuela (Bolivarian Republic of) was 24.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 56.3% in 2015.
- What is the lowest merchandise trade as a proportion of gdp recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 16.7% in 2022.
- How does Venezuela (Bolivarian Republic of) rank for merchandise trade as a proportion of gdp?
- Venezuela (Bolivarian Republic of) ranks 205th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is down 55.6%. The long-run trend across the full record is falling.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).