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$, in 2012.
That places Venezuela 166th out of 200 countries with data for 2016, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net primary income in Venezuela, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1970 | -553.00 million BoP, current US$ | — |
| 1971 | -738.00 million BoP, current US$ | +33.5% |
| 1972 | -480.00 million BoP, current US$ | -35.0% |
| 1973 | -688.00 million BoP, current US$ | +43.3% |
| 1974 | -637.00 million BoP, current US$ | -7.4% |
| 1975 | 100.00 million BoP, current US$ | -115.7% |
| 1976 | 208.00 million BoP, current US$ | +108.0% |
| 1977 | 88.00 million BoP, current US$ | -57.7% |
| 1978 | 38.00 million BoP, current US$ | -56.8% |
| 1979 | -3.00 million BoP, current US$ | -107.9% |
| 1980 | 329.00 million BoP, current US$ | -11066.7% |
| 1981 | 574.00 million BoP, current US$ | +74.5% |
| 1982 | -1.53 billion BoP, current US$ | -366.6% |
| 1983 | -2.11 billion BoP, current US$ | +38.1% |
| 1984 | -2.06 billion BoP, current US$ | -2.4% |
| 1985 | -2.23 billion BoP, current US$ | +8.3% |
| 1986 | -1.60 billion BoP, current US$ | -28.3% |
| 1987 | -1.62 billion BoP, current US$ | +1.1% |
| 1988 | -1.77 billion BoP, current US$ | +9.4% |
| 1989 | -2.37 billion BoP, current US$ | +33.7% |
| 1990 | -774.00 million BoP, current US$ | -67.3% |
| 1991 | -598.00 million BoP, current US$ | -22.7% |
| 1992 | -1.75 billion BoP, current US$ | +192.0% |
| 1993 | -1.72 billion BoP, current US$ | -1.8% |
| 1994 | -1.90 billion BoP, current US$ | +11.0% |
| 1995 | -1.94 billion BoP, current US$ | +2.0% |
| 1996 | -1.73 billion BoP, current US$ | -11.2% |
| 1997 | -2.52 billion BoP, current US$ | +45.9% |
| 1998 | -2.53 billion BoP, current US$ | +0.7% |
| 1999 | -1.45 billion BoP, current US$ | -42.7% |
| 2000 | -1.39 billion BoP, current US$ | -4.5% |
| 2001 | -2.02 billion BoP, current US$ | +45.5% |
| 2002 | -2.76 billion BoP, current US$ | +36.4% |
| 2003 | -2.34 billion BoP, current US$ | -15.2% |
| 2004 | -3.67 billion BoP, current US$ | +57.2% |
| 2005 | -2.20 billion BoP, current US$ | -40.0% |
| 2006 | -1.04 billion BoP, current US$ | -52.5% |
| 2007 | 515.00 million BoP, current US$ | -149.3% |
| 2008 | -1.57 billion BoP, current US$ | -404.3% |
| 2009 | -4.65 billion BoP, current US$ | +196.5% |
| 2010 | -6.21 billion BoP, current US$ | +33.6% |
| 2011 | -9.08 billion BoP, current US$ | +46.2% |
| 2012 | -11.10 billion BoP, current US$ | +22.2% |
| 2013 | -8.71 billion BoP, current US$ | -21.6% |
| 2014 | -7.42 billion BoP, current US$ | -14.7% |
| 2015 | -7.66 billion BoP, current US$ | +3.2% |
| 2016 | -6.92 billion BoP, current US$ | -9.7% |
Venezuela compared with similar countries
- Venezuela's -6.92 billion BoP, current US$ is below the median for lower middle income countries, which is -988.90 million BoP, current US$, 7.0× the median. (47 countries reporting)
- Venezuela's -6.92 billion BoP, current US$ is below the median for Latin America & Caribbean, which is -1.49 billion BoP, current US$, 4.6× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Net primary income in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +11066.7% | -3.00 million BoP, current US$ | 329.00 million BoP, current US$ |
| 2008 | -404.3% | 515.00 million BoP, current US$ | -1.57 billion BoP, current US$ |
| 1982 | -366.6% | 574.00 million BoP, current US$ | -1.53 billion BoP, current US$ |
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
- 163 Oman -6.17 billion BoP, current US$ compare
- 164 Serbia -6.35 billion BoP, current US$ compare
- 165 Greece -6.54 billion BoP, current US$ compare
- 167 New Zealand -7.25 billion BoP, current US$ compare
- 168 Dominican Republic -7.74 billion BoP, current US$ compare
- 169 Bulgaria -7.79 billion BoP, current US$ compare
More economy & growth data for Venezuela
- 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is net primary income in Venezuela?
- Net primary income in Venezuela was -6.92 billion BoP, current US$ 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 166th out of 200 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.