Personal remittances, paid in Venezuela
Venezuela: Personal remittances, paid was 54.00 million current US$ in 2016. ◆ Volatile
Personal remittances, paid in Venezuela, 1970–2016
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for personal remittances, paid in Venezuela is 54.00 million current US$, measured in 2016. That is the lowest value across all 47 years on record.
Compared with earlier readings it is down 48.6% on the previous year and down 79.0% over ten years.
Over the whole period, personal remittances, paid in Venezuela peaked at 1.12 billion current US$ in 2013 and was at its lowest, 54.00 million current US$, in 2016.
Venezuela ranks 158th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, paid in Venezuela, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 87.00 million current US$ | — |
| 1971 | 80.00 million current US$ | -8.0% |
| 1972 | 90.00 million current US$ | +12.5% |
| 1973 | 106.00 million current US$ | +17.8% |
| 1974 | 136.00 million current US$ | +28.3% |
| 1975 | 144.00 million current US$ | +5.9% |
| 1976 | 170.00 million current US$ | +18.1% |
| 1977 | 232.00 million current US$ | +36.5% |
| 1978 | 372.00 million current US$ | +60.3% |
| 1979 | 389.00 million current US$ | +4.6% |
| 1980 | 418.00 million current US$ | +7.5% |
| 1981 | 383.00 million current US$ | -8.4% |
| 1982 | 615.00 million current US$ | +60.6% |
| 1983 | 187.00 million current US$ | -69.6% |
| 1984 | 208.00 million current US$ | +11.2% |
| 1985 | 217.00 million current US$ | +4.3% |
| 1986 | 185.00 million current US$ | -14.7% |
| 1987 | 215.00 million current US$ | +16.2% |
| 1988 | 211.00 million current US$ | -1.9% |
| 1989 | 368.00 million current US$ | +74.4% |
| 1990 | 701.00 million current US$ | +90.5% |
| 1991 | 677.00 million current US$ | -3.4% |
| 1992 | 858.00 million current US$ | +26.7% |
| 1993 | 729.00 million current US$ | -15.0% |
| 1994 | 609.00 million current US$ | -16.5% |
| 1995 | 203.00 million current US$ | -66.7% |
| 1996 | 290.00 million current US$ | +42.9% |
| 1997 | 211.00 million current US$ | -27.2% |
| 1998 | 261.00 million current US$ | +23.7% |
| 1999 | 195.00 million current US$ | -25.3% |
| 2000 | 331.00 million current US$ | +69.7% |
| 2001 | 406.00 million current US$ | +22.7% |
| 2002 | 383.00 million current US$ | -5.7% |
| 2003 | 209.00 million current US$ | -45.4% |
| 2004 | 214.00 million current US$ | +2.4% |
| 2005 | 211.00 million current US$ | -1.4% |
| 2006 | 257.00 million current US$ | +21.8% |
| 2007 | 662.00 million current US$ | +157.6% |
| 2008 | 841.00 million current US$ | +27.0% |
| 2009 | 582.00 million current US$ | -30.8% |
| 2010 | 805.00 million current US$ | +38.3% |
| 2011 | 782.00 million current US$ | -2.9% |
| 2012 | 899.00 million current US$ | +15.0% |
| 2013 | 1.12 billion current US$ | +24.2% |
| 2014 | 193.00 million current US$ | -82.7% |
| 2015 | 105.00 million current US$ | -45.6% |
| 2016 | 54.00 million current US$ | -48.6% |
Venezuela compared with similar countries
- Venezuela's 54.00 million current US$ is below the median for lower middle income countries, which is 118.81 million current US$, 45% of the median. (47 countries reporting)
- Venezuela's 54.00 million current US$ is below the median for Latin America & Caribbean, which is 145.70 million current US$, 37% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 180.60 million current US$ | 80.00 million current US$ | 389.00 million current US$ | 10 |
| 1980s | 300.70 million current US$ | 185.00 million current US$ | 615.00 million current US$ | 10 |
| 1990s | 473.40 million current US$ | 195.00 million current US$ | 858.00 million current US$ | 10 |
| 2000s | 409.60 million current US$ | 209.00 million current US$ | 841.00 million current US$ | 10 |
| 2010s | 565.00 million current US$ | 54.00 million current US$ | 1.12 billion current US$ | 7 |
Countries ranked near Venezuela
- 155 Kosovo 62.41 million current US$ compare
- 155 Kosovo (UNSCR 1244) 62.41 million current US$ compare
- 157 New Caledonia 59.86 million current US$ compare
- 159 Grenada 52.77 million current US$ compare
- 160 Solomon Islands 51.78 million current US$ compare
- 161 Barbados 48.76 million 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is personal remittances, paid in Venezuela?
- Personal remittances, paid in Venezuela was 54.00 million current US$ in 2016, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, paid recorded in Venezuela?
- The highest recorded value was 1.12 billion current US$ in 2013.
- What is the lowest personal remittances, paid recorded in Venezuela?
- The lowest recorded value was 54.00 million current US$ in 2016.
- How does Venezuela rank for personal remittances, paid?
- Venezuela ranks 158th out of 196 countries with data for 2016.
- Is personal remittances, paid rising or falling in Venezuela?
- Over the last ten years it is down 79.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, paid (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.