Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Nominal effective exchange rate (NEER), Index (2010=100) Weighted was 34.1 in 2016. ◆ Volatile
Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Venezuela, Bolivarian Republic of, 1979–2016
Source: International Monetary Fund.
Analysis
In 2016, nominal effective exchange rate (neer), index (2010=100) weighted in Venezuela, Bolivarian Republic of stood at 34.1. That is the lowest value across all 38 years on record.
That represents a change of down 26.8% on the previous year and down 73.2% over ten years.
Over the whole period, nominal effective exchange rate (neer), index (2010=100) weighted in Venezuela, Bolivarian Republic of peaked at 24,592 in 1983 and was at its lowest, 34.1, in 2016.
Venezuela, Bolivarian Republic of ranks 93rd of 99 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 1979 | 18,578 | — |
| 1980 | 19,185 | +3.3% |
| 1981 | 20,973 | +9.3% |
| 1982 | 22,816 | +8.8% |
| 1983 | 24,592 | +7.8% |
| 1984 | 16,980 | -31.0% |
| 1985 | 16,518 | -2.7% |
| 1986 | 14,778 | -10.5% |
| 1987 | 7,773 | -47.4% |
| 1988 | 8,110 | +4.3% |
| 1989 | 4,301 | -47.0% |
| 1990 | 3,076 | -28.5% |
| 1991 | 2,755 | -10.4% |
| 1992 | 2,472 | -10.3% |
| 1993 | 2,180 | -11.8% |
| 1994 | 1,572 | -27.9% |
| 1995 | 1,265 | -19.5% |
| 1996 | 569.72 | -55.0% |
| 1997 | 491.36 | -13.8% |
| 1998 | 466.4 | -5.1% |
| 1999 | 446.54 | -4.3% |
| 2000 | 417.42 | -6.5% |
| 2001 | 409.91 | -1.8% |
| 2002 | 274.33 | -33.1% |
| 2003 | 185.34 | -32.4% |
| 2004 | 151.83 | -18.1% |
| 2005 | 132.54 | -12.7% |
| 2006 | 127.19 | -4.0% |
| 2007 | 121.7 | -4.3% |
| 2008 | 117.84 | -3.2% |
| 2009 | 123.64 | +4.9% |
| 2010 | 100 | -19.1% |
| 2011 | 58.57 | -41.4% |
| 2012 | 60.02 | +2.5% |
| 2013 | 43.37 | -27.7% |
| 2014 | 42.17 | -2.8% |
| 2015 | 46.56 | +10.4% |
| 2016 | 34.1 | -26.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18,578 | 18,578 | 18,578 | 1 |
| 1980s | 15,603 | 4,301 | 24,592 | 10 |
| 1990s | 1,529 | 446.54 | 3,076 | 10 |
| 2000s | 206.17 | 117.84 | 417.42 | 10 |
| 2010s | 54.97 | 34.1 | 100 | 7 |
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)
- Services, value added (constant LCU), per capita 1,026 constant LCU per person (2014)
- GDP deflator (base year varies by country), annual growth rate 227.09 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth -100 % change on previous year (1991)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0 current US$ per US$ of GDP (2011)
- Gross value added at basic prices (GVA) (current US$), per capita 0 current US$ per person (2011)
- Gross value added at basic prices (GVA) (current LCU), annual growth -100 % change on previous year (1991)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0 current LCU per US$ of GDP (2011)
- Gross value added at basic prices (GVA) (current LCU), per capita 0 current LCU per person (2011)
Frequently asked questions
- What is nominal effective exchange rate (neer), index (2010=100) weighted in Venezuela, Bolivarian Republic of?
- Nominal effective exchange rate (neer), index (2010=100) weighted in Venezuela, Bolivarian Republic of was 34.1 in 2016, according to International Monetary Fund.
- What is the highest nominal effective exchange rate (neer), index (2010=100) weighted recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 24,592 in 1983.
- What is the lowest nominal effective exchange rate (neer), index (2010=100) weighted recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 34.1 in 2016.
- How does Venezuela, Bolivarian Republic of rank for nominal effective exchange rate (neer), index (2010=100) weighted?
- Venezuela, Bolivarian Republic of ranks 93rd out of 99 countries with data for 2016.
- Is nominal effective exchange rate (neer), index (2010=100) weighted rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 73.2%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Monetary Fund, published as part of Nominal effective exchange rate (NEER), Index (2010=100) Weighted index. Statizoid updates them automatically from the source API.
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About this data
The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real effective exchange rates (REERs) adjust the NEER to account for a country's inflation rate in relation to the weighted inflation rate of their major trading partners. The IMF publishes NEERs and REERs for approximately 90 IMF member countries that account for the vast share of global international trade. These statistics help policymakers and analysts assess the competitiveness of a country's exports, monitor currency trends, evaluate the impact of exchange rate changes on trade flows, and inform decisions regarding monetary policy, exchange rate management, and international trade. The EERs are calculated by IMF staff using exchange rate information, consumer price indexes received from national authorities and international trade weights. These weights are calculated as three-year averages of annual data available from official sources on trade, tourism and manufacturing collected from the United Nations (UN), Organization for Economic Co-operation and Development (OECD), World Bank, World Tourism Organization (UNWTO), United Nations Industrial Development Organization (UNIDO).