Trade in services (% of GDP) in Venezuela
Venezuela: Trade in services (% of GDP) was 7.2% in 2025. ▲ Rising
Trade in services in Venezuela, 1970–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Venezuela recorded 7.2% for trade in services in 2025.
The figure is up 26.2% on the previous year and down 43.7% over ten years.
Over the whole period, trade in services in Venezuela peaked at 12.8% in 2015 and was at its lowest, 4.1%, in 2006.
Venezuela ranks 181st of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Trade in services (% of GDP) in Venezuela, 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% | +36.1% |
| 2008 | 4.9% | -12.5% |
| 2009 | 4.7% | -4.0% |
| 2010 | 4.2% | -10.1% |
| 2011 | 6.0% | +41.7% |
| 2012 | 5.8% | -3.4% |
| 2013 | 8.4% | +44.9% |
| 2014 | 9.0% | +7.0% |
| 2015 | 12.8% | +43.2% |
| 2016 | 9.7% | -24.3% |
| 2017 | 9.4% | -3.3% |
| 2018 | 8.2% | -12.8% |
| 2019 | 10.9% | +33.1% |
| 2020 | 12.2% | +11.8% |
| 2021 | 11.3% | -7.5% |
| 2022 | 7.1% | -36.8% |
| 2023 | 6.4% | -10.1% |
| 2024 | 5.7% | -10.6% |
| 2025 | 7.2% | +26.2% |
Venezuela compared with similar countries
- Venezuela's 7.2% is below the median for lower middle income countries, which is 13.8%, 52% of the median. (47 countries reporting)
- Venezuela's 7.2% is below the median for Latin America & Caribbean, which is 27.7%, 26% of the median. (37 countries reporting)
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 | 8.4% | 4.2% | 12.8% | 10 |
| 2020s | 8.3% | 5.7% | 12.2% | 6 |
Countries ranked near Venezuela
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)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0477 units per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Venezuela?
- Trade in services in Venezuela was 7.2% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Venezuela?
- The highest recorded value was 12.8% in 2015.
- What is the lowest trade in services recorded in Venezuela?
- The lowest recorded value was 4.1% in 2006.
- How does Venezuela rank for trade in services?
- Venezuela ranks 181st out of 200 countries with data for 2025.
- Is trade in services rising or falling in Venezuela?
- Over the last ten years it is down 43.7%. The long-run trend across the full record is rising.
- Where does this Venezuela 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.
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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.