Personal remittances, received in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Personal remittances, received was 0.2% in 2016. ◆ Volatile
Personal remittances, received in Venezuela, Bolivarian Republic of, 1985–2016
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2016, personal remittances, received in Venezuela, Bolivarian Republic of stood at 0.2%.
That represents a change of up 92.2% on the previous year and up 174.7% over ten years.
Over the whole period, personal remittances, received in Venezuela, Bolivarian Republic of peaked at 0.2% in 2003 and was at its lowest, 0.0%, in 1985.
Venezuela, Bolivarian Republic of ranks 163rd 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, received in Venezuela, Bolivarian Republic of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1985 | 0.0% | — |
| 1986 | 0.0% | +2.4% |
| 1987 | 0.0% | +26.0% |
| 1988 | 0.0% | -20.3% |
| 1989 | 0.0% | +38.3% |
| 1990 | 0.0% | -10.4% |
| 1991 | 0.0% | +81.9% |
| 1992 | 0.0% | -11.5% |
| 1993 | 0.0% | +0.6% |
| 1994 | 0.0% | +2.8% |
| 1995 | 0.0% | -24.5% |
| 1996 | 0.0% | +119.4% |
| 1997 | 0.0% | +249.3% |
| 1998 | 0.0% | -6.0% |
| 1999 | 0.0% | -6.8% |
| 2000 | 0.0% | -16.4% |
| 2001 | 0.0% | +6.5% |
| 2002 | 0.0% | +32.3% |
| 2003 | 0.2% | +1116.1% |
| 2004 | 0.1% | -48.9% |
| 2005 | 0.1% | -20.0% |
| 2006 | 0.1% | -11.6% |
| 2007 | 0.1% | -27.1% |
| 2008 | 0.0% | -33.8% |
| 2009 | 0.0% | -7.7% |
| 2010 | 0.0% | -9.1% |
| 2011 | 0.0% | +19.9% |
| 2012 | 0.0% | -27.2% |
| 2013 | 0.0% | +46.3% |
| 2014 | 0.1% | +28.4% |
| 2015 | 0.1% | +115.8% |
| 2016 | 0.2% | +92.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0% | 0.0% | 0.0% | 5 |
| 1990s | 0.0% | 0.0% | 0.0% | 10 |
| 2000s | 0.1% | 0.0% | 0.2% | 10 |
| 2010s | 0.1% | 0.0% | 0.2% | 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)
- Gross capital formation (current US$), annual growth rate 0.7182 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.0593 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 207.15 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 304.81 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 9.81 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 34,274 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -3.39 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.0284 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is personal remittances, received in Venezuela, Bolivarian Republic of?
- Personal remittances, received in Venezuela, Bolivarian Republic of was 0.2% in 2016, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 0.2% in 2003.
- What is the lowest personal remittances, received recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 0.0% in 1985.
- How does Venezuela, Bolivarian Republic of rank for personal remittances, received?
- Venezuela, Bolivarian Republic of ranks 163rd out of 196 countries with data for 2016.
- Is personal remittances, received rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 174.7%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). 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.