Terms of trade adjustment in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Terms of trade adjustment was 3.02 billion constant LCU in 2025. ◆ Volatile
Terms of trade adjustment in Venezuela, Bolivarian Republic of, 1973–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for terms of trade adjustment in Venezuela, Bolivarian Republic of is 3.02 billion constant LCU, measured in 2025.
The figure is down 43.3% on the previous year and down 87.9% over ten years.
Over the whole period, terms of trade adjustment in Venezuela, Bolivarian Republic of peaked at 35.12 billion constant LCU in 2014 and was at its lowest, -5.53 billion constant LCU, in 1974.
Venezuela, Bolivarian Republic of ranks 64th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment in Venezuela, Bolivarian Republic of, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1973 | -83.55 million constant LCU | — |
| 1974 | -5.53 billion constant LCU | +6516.4% |
| 1975 | -4.80 billion constant LCU | -13.1% |
| 1976 | -4.47 billion constant LCU | -6.8% |
| 1977 | -4.05 billion constant LCU | -9.6% |
| 1978 | -4.54 billion constant LCU | +12.1% |
| 1979 | -4.20 billion constant LCU | -7.3% |
| 1980 | -1.55 billion constant LCU | -63.2% |
| 1981 | -890.55 million constant LCU | -42.4% |
| 1982 | -1.21 billion constant LCU | +36.1% |
| 1983 | -1.36 billion constant LCU | +12.1% |
| 1984 | -1.11 billion constant LCU | -18.5% |
| 1985 | -1.44 billion constant LCU | +29.6% |
| 1986 | -3.83 billion constant LCU | +166.8% |
| 1987 | -3.70 billion constant LCU | -3.5% |
| 1988 | -4.27 billion constant LCU | +15.4% |
| 1989 | -2.51 billion constant LCU | -41.1% |
| 1990 | -2.89 billion constant LCU | +15.1% |
| 2012 | 30.33 billion constant LCU | -1148.0% |
| 2013 | 15.87 billion constant LCU | -47.7% |
| 2014 | 35.12 billion constant LCU | +121.3% |
| 2015 | 25.00 billion constant LCU | -28.8% |
| 2016 | 17.51 billion constant LCU | -30.0% |
| 2017 | 12.10 billion constant LCU | -30.9% |
| 2018 | 12.42 billion constant LCU | +2.7% |
| 2019 | 12.21 billion constant LCU | -1.7% |
| 2020 | 0 constant LCU | -100.0% |
| 2021 | 1.90 billion constant LCU | — |
| 2022 | 2.82 billion constant LCU | +48.0% |
| 2023 | 4.88 billion constant LCU | +73.4% |
| 2024 | 5.33 billion constant LCU | +9.2% |
| 2025 | 3.02 billion constant LCU | -43.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -3.95 billion constant LCU | -5.53 billion constant LCU | -83.55 million constant LCU | 7 |
| 1980s | -2.19 billion constant LCU | -4.27 billion constant LCU | -890.55 million constant LCU | 10 |
| 1990s | -2.89 billion constant LCU | -2.89 billion constant LCU | -2.89 billion constant LCU | 1 |
| 2010s | 20.07 billion constant LCU | 12.10 billion constant LCU | 35.12 billion constant LCU | 8 |
| 2020s | 2.99 billion constant LCU | 0 constant LCU | 5.33 billion constant LCU | 6 |
Countries ranked near Venezuela, Bolivarian Republic of
- 61 Greece 5.69 billion constant LCU compare
- 62 South Sudan 4.08 billion constant LCU compare
- 63 Lesotho 3.32 billion constant LCU compare
- 65 Netherlands 2.93 billion constant LCU compare
- 66 Luxembourg 2.91 billion constant LCU compare
- 67 Greenland 2.56 billion constant LCU compare
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 (current US$), annual growth rate -100 % change on previous year (1991)
- Services, value added (current US$), per unit of GDP 0 current US$ per US$ of GDP (2011)
- Services, value added (current US$), per capita 0 current US$ per person (2011)
- Services, value added (current LCU), annual growth rate -100 % change on previous year (1991)
- Services, value added (current LCU), per unit of GDP 0 current LCU per US$ of GDP (2011)
- Services, value added (current LCU), per capita 0 current LCU per person (2011)
- 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)
Frequently asked questions
- What is terms of trade adjustment in Venezuela, Bolivarian Republic of?
- Terms of trade adjustment in Venezuela, Bolivarian Republic of was 3.02 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 35.12 billion constant LCU in 2014.
- What is the lowest terms of trade adjustment recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was -5.53 billion constant LCU in 1974.
- How does Venezuela, Bolivarian Republic of rank for terms of trade adjustment?
- Venezuela, Bolivarian Republic of ranks 64th out of 178 countries with data for 2025.
- Is terms of trade adjustment rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 87.9%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.