Trade in services in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Trade in services was 9.5% in 2016. ▼ Falling
Trade in services in Venezuela, Bolivarian Republic of, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Venezuela, Bolivarian Republic of recorded 9.5% for trade in services in 2016.
The figure is down 22.8% on the previous year and up 131.8% over ten years.
Over the whole period, trade in services in Venezuela, Bolivarian Republic of peaked at 12.3% in 2015 and was at its lowest, 4.1%, in 2006.
Venezuela, Bolivarian Republic of ranks 165th of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 47 years of available data.
Trade in services in Venezuela, Bolivarian Republic of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 5.7% | — |
| 1971 | 5.7% | -0.5% |
| 1972 | 5.9% | +3.2% |
| 1973 | 5.8% | -0.9% |
| 1974 | 5.6% | -3.7% |
| 1975 | 7.3% | +30.5% |
| 1976 | 7.7% | +4.5% |
| 1977 | 9.6% | +24.6% |
| 1978 | 11.6% | +21.5% |
| 1979 | 9.9% | -14.5% |
| 1980 | 8.4% | -15.7% |
| 1981 | 8.6% | +3.4% |
| 1982 | 10.5% | +21.0% |
| 1983 | 5.6% | -46.8% |
| 1984 | 5.5% | -0.4% |
| 1985 | 4.6% | -17.4% |
| 1986 | 4.9% | +7.3% |
| 1987 | 6.5% | +31.3% |
| 1988 | 6.1% | -4.9% |
| 1989 | 6.6% | +7.5% |
| 1990 | 7.8% | +17.6% |
| 1991 | 8.8% | +13.9% |
| 1992 | 9.4% | +6.0% |
| 1993 | 9.9% | +5.3% |
| 1994 | 10.8% | +9.6% |
| 1995 | 8.5% | -21.3% |
| 1996 | 9.2% | +8.1% |
| 1997 | 6.1% | -33.4% |
| 1998 | 6.2% | +0.7% |
| 1999 | 5.8% | -6.0% |
| 2000 | 4.8% | -16.8% |
| 2001 | 4.9% | +2.4% |
| 2002 | 5.3% | +7.9% |
| 2003 | 5.3% | -1.1% |
| 2004 | 5.0% | -5.0% |
| 2005 | 4.6% | -8.0% |
| 2006 | 4.1% | -10.7% |
| 2007 | 5.6% | +36.0% |
| 2008 | 4.9% | -12.4% |
| 2009 | 4.7% | -4.0% |
| 2010 | 4.1% | -12.4% |
| 2011 | 5.9% | +44.3% |
| 2012 | 5.8% | -2.3% |
| 2013 | 8.3% | +43.3% |
| 2014 | 8.9% | +7.2% |
| 2015 | 12.3% | +38.4% |
| 2016 | 9.5% | -22.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.5% | 5.6% | 11.6% | 10 |
| 1980s | 6.7% | 4.6% | 10.5% | 10 |
| 1990s | 8.2% | 5.8% | 10.8% | 10 |
| 2000s | 4.9% | 4.1% | 5.6% | 10 |
| 2010s | 7.9% | 4.1% | 12.3% | 7 |
Countries ranked near Venezuela, Bolivarian Republic of
- 162 Guatemala 9.8% compare
- 163 Chile 9.8% compare
- 164 Nepal 9.6% compare
- 166 South Africa 9.3% compare
- 167 Burkina Faso 9.1% compare
- 168 Afghanistan 9.0% 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)
- Exports of goods and services (current LCU), annual growth rate 195.86 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 24.66 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 86,177 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 4.42 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.1638 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 572.41 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate -0.4021 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.0458 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Venezuela, Bolivarian Republic of?
- Trade in services in Venezuela, Bolivarian Republic of was 9.5% in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 12.3% in 2015.
- What is the lowest trade in services recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 4.1% in 2006.
- How does Venezuela, Bolivarian Republic of rank for trade in services?
- Venezuela, Bolivarian Republic of ranks 165th out of 200 countries with data for 2016.
- Is trade in services rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 131.8%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.