Net primary income in Venezuela
Venezuela: Net primary income was -6.92 billion BoP, current US$ in 2016. ◆ Volatile
Net primary income in Venezuela, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2016, net primary income in Venezuela stood at -6.92 billion BoP, current US$.
The figure is up 9.7% on the previous year and down 562.0% over ten years.
Over the whole period, net primary income in Venezuela peaked at 574.00 million BoP, current US$ in 1981 and was at its lowest, -11.10 billion BoP, current US$, in 2012.
That places Venezuela 164th out of 198 countries with data for 2016, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -266.50 million BoP, current US$ | -738.00 million BoP, current US$ | 208.00 million BoP, current US$ | 10 |
| 1980s | -1.44 billion BoP, current US$ | -2.37 billion BoP, current US$ | 574.00 million BoP, current US$ | 10 |
| 1990s | -1.69 billion BoP, current US$ | -2.53 billion BoP, current US$ | -598.00 million BoP, current US$ | 10 |
| 2000s | -2.11 billion BoP, current US$ | -4.65 billion BoP, current US$ | 515.00 million BoP, current US$ | 10 |
| 2010s | -8.16 billion BoP, current US$ | -11.10 billion BoP, current US$ | -6.21 billion BoP, current US$ | 7 |
Countries ranked near Venezuela
- 161 Oman -6.17 billion BoP, current US$ compare
- 162 Serbia -6.35 billion BoP, current US$ compare
- 163 Greece -6.54 billion BoP, current US$ compare
- 165 New Zealand -7.25 billion BoP, current US$ compare
- 166 Dominican Republic -7.74 billion BoP, current US$ compare
- 167 Bulgaria -7.79 billion BoP, current US$ compare
More economy & growth data for Venezuela
- External balance on goods and services as a percent of GDP 4.8% (2025)
- Inflation of consumer prices 254.9% (2016)
- GDP per capita 1,519 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 0.0% (2011)
- Gross domestic product (GDP) 43.31 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,519 constant 2015 US$ (2025)
- DEC alternative conversion factor 165.46 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 996.97 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 6.03 billion current US$ (2025)
- Taxes less subsidies on products 0 current LCU (2011)
Frequently asked questions
- What is net primary income in Venezuela?
- Net primary income in Venezuela was -6.92 billion BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net primary income recorded in Venezuela?
- The highest recorded value was 574.00 million BoP, current US$ in 1981.
- What is the lowest net primary income recorded in Venezuela?
- The lowest recorded value was -11.10 billion BoP, current US$ in 2012.
- How does Venezuela rank for net primary income?
- Venezuela ranks 164th out of 198 countries with data for 2016.
- Is net primary income rising or falling in Venezuela?
- Over the last ten years it is down 562.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net primary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). 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.