Service exports (BoP, current US$), annual growth rate in Venezuela
Venezuela: Service exports (BoP, current US$), annual growth rate was -21.41 % change on previous year in 2016. ◆ Volatile
Latest (2016)
-21.41 % change on previous year
Change on year
up 7.9%
World rank
193rd
of 199 countries
All-time high
55.35 % change on previous year
in 1973
All-time low
-36.41 % change on previous year
in 1984
Years of data
46
1971–2016
Service exports (BoP, current US$), annual growth rate in Venezuela, 1971–2016
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2016, service exports (bop, current us$), annual growth rate in Venezuela stood at -21.41 % change on previous year.
Compared with earlier readings it is up 7.9% on the previous year and down 242.6% over ten years.
Over the whole period, service exports (bop, current us$), annual growth rate in Venezuela peaked at 55.35 % change on previous year in 1973 and was at its lowest, -36.41 % change on previous year, in 1984.
Venezuela ranks 193rd of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), annual growth rate in Venezuela, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.47 % change on previous year | — |
| 1972 | 7.43 % change on previous year | +14.8% |
| 1973 | 55.35 % change on previous year | +644.7% |
| 1974 | 31.58 % change on previous year | -42.9% |
| 1975 | 13.85 % change on previous year | -56.2% |
| 1976 | -7.84 % change on previous year | -156.6% |
| 1977 | 47.8 % change on previous year | -709.9% |
| 1978 | 24.8 % change on previous year | -48.1% |
| 1979 | -4.77 % change on previous year | -119.2% |
| 1980 | 15.69 % change on previous year | -429.0% |
| 1981 | 9.24 % change on previous year | -41.2% |
| 1982 | 37.52 % change on previous year | +306.2% |
| 1983 | 3.94 % change on previous year | -89.5% |
| 1984 | -36.41 % change on previous year | -1024.6% |
| 1985 | 15.84 % change on previous year | -143.5% |
| 1986 | 3.89 % change on previous year | -75.4% |
| 1987 | 4.35 % change on previous year | +11.8% |
| 1988 | -3.36 % change on previous year | -177.2% |
| 1989 | 11.62 % change on previous year | -446.1% |
| 1990 | 27.25 % change on previous year | +134.6% |
| 1991 | 3.96 % change on previous year | -85.5% |
| 1992 | 7.62 % change on previous year | +92.4% |
| 1993 | 2.03 % change on previous year | -73.3% |
| 1994 | 17.36 % change on previous year | +753.0% |
| 1995 | 6.04 % change on previous year | -65.2% |
| 1996 | -5.76 % change on previous year | -195.3% |
| 1997 | -17 % change on previous year | +195.4% |
| 1998 | 8.27 % change on previous year | -148.6% |
| 1999 | -4.98 % change on previous year | -160.2% |
| 2000 | -12.54 % change on previous year | +152.0% |
| 2001 | 16.36 % change on previous year | -230.5% |
| 2002 | -26.3 % change on previous year | -260.8% |
| 2003 | -13.27 % change on previous year | -49.5% |
| 2004 | 26.76 % change on previous year | -301.6% |
| 2005 | 20.39 % change on previous year | -23.8% |
| 2006 | 15.01 % change on previous year | -26.4% |
| 2007 | 20.74 % change on previous year | +38.2% |
| 2008 | 17.01 % change on previous year | -17.9% |
| 2009 | -1.97 % change on previous year | -111.6% |
| 2010 | -13.81 % change on previous year | +602.2% |
| 2011 | 3.46 % change on previous year | -125.1% |
| 2012 | 12.97 % change on previous year | +274.5% |
| 2013 | 2.59 % change on previous year | -80.0% |
| 2014 | -3.88 % change on previous year | -249.7% |
| 2015 | -23.24 % change on previous year | +498.8% |
| 2016 | -21.41 % change on previous year | -7.9% |
Venezuela compared with similar countries
- Venezuela's -21.41 % change on previous year is below the median for lower middle income countries, which is 9.97 % change on previous year. (47 countries reporting)
- Venezuela's -21.41 % change on previous year is below the median for Latin America & Caribbean, which is 4.73 % change on previous year. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.41 % change on previous year | -7.84 % change on previous year | 55.35 % change on previous year | 9 |
| 1980s | 6.23 % change on previous year | -36.41 % change on previous year | 37.52 % change on previous year | 10 |
| 1990s | 4.48 % change on previous year | -17 % change on previous year | 27.25 % change on previous year | 10 |
| 2000s | 6.22 % change on previous year | -26.3 % change on previous year | 26.76 % change on previous year | 10 |
| 2010s | -6.19 % change on previous year | -23.24 % change on previous year | 12.97 % change on previous year | 7 |
Countries ranked near Venezuela
- 190 Benin -16.49 % change on previous year compare
- 191 Nicaragua -16.74 % change on previous year compare
- 192 Qatar -19.29 % change on previous year compare
- 194 Mauritania -22.31 % change on previous year compare
- 195 Haiti -30.53 % change on previous year compare
- 196 Central African Republic -32.73 % change on previous year 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is service exports (bop, current us$), annual growth rate in Venezuela?
- Service exports (bop, current us$), annual growth rate in Venezuela was -21.41 % change on previous year in 2016, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), annual growth rate recorded in Venezuela?
- The highest recorded value was 55.35 % change on previous year in 1973.
- What is the lowest service exports (bop, current us$), annual growth rate recorded in Venezuela?
- The lowest recorded value was -36.41 % change on previous year in 1984.
- How does Venezuela rank for service exports (bop, current us$), annual growth rate?
- Venezuela ranks 193rd out of 199 countries with data for 2016.
- Is service exports (bop, current us$), annual growth rate rising or falling in Venezuela?
- Over the last ten years it is down 242.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.