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$, in 2016.
Venezuela ranks 156th of 194 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 180.60 million current US$ | 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
- 153 Ethiopia 69.27 million current US$ compare
- 154 Seychelles 65.48 million current US$ compare
- 155 New Caledonia 59.86 million current US$ compare
- 157 Grenada 52.77 million current US$ compare
- 158 Solomon Islands 51.78 million current US$ compare
- 159 Barbados 48.76 million 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 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 156th out of 194 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.