Transport services in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Transport services was 45.8% in 2016. ▼ Falling
Transport services in Venezuela, Bolivarian Republic of, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Venezuela, Bolivarian Republic of recorded 45.8% for transport services in 2016.
The figure is up 3.9% on the previous year and up 62.5% over ten years.
Over the whole period, transport services in Venezuela, Bolivarian Republic of peaked at 49.5% in 1988 and was at its lowest, 23.5%, in 1998.
Venezuela, Bolivarian Republic of ranks 10th of 198 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 47 years of available data.
Transport services in Venezuela, Bolivarian Republic of, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1970 | 40.7% | — |
| 1971 | 35.9% | -11.9% |
| 1972 | 34.2% | -4.6% |
| 1973 | 31.1% | -9.1% |
| 1974 | 31.4% | +0.8% |
| 1975 | 33.6% | +7.1% |
| 1976 | 33.8% | +0.8% |
| 1977 | 40.0% | +18.3% |
| 1978 | 45.5% | +13.8% |
| 1979 | 44.3% | -2.8% |
| 1980 | 41.1% | -7.2% |
| 1981 | 49.1% | +19.6% |
| 1982 | 44.8% | -8.7% |
| 1983 | 43.9% | -2.0% |
| 1984 | 33.0% | -24.9% |
| 1985 | 32.7% | -0.8% |
| 1986 | 33.3% | +1.9% |
| 1987 | 33.8% | +1.3% |
| 1988 | 49.5% | +46.7% |
| 1989 | 43.2% | -12.7% |
| 1990 | 38.6% | -10.7% |
| 1991 | 43.1% | +11.7% |
| 1992 | 47.8% | +10.7% |
| 1993 | 38.0% | -20.4% |
| 1994 | 37.1% | -2.5% |
| 1995 | 34.7% | -6.5% |
| 1996 | 31.9% | -8.1% |
| 1997 | 28.4% | -10.9% |
| 1998 | 23.5% | -17.0% |
| 1999 | 28.3% | +20.3% |
| 2000 | 32.7% | +15.5% |
| 2001 | 29.0% | -11.4% |
| 2002 | 31.1% | +7.2% |
| 2003 | 36.1% | +16.0% |
| 2004 | 32.3% | -10.4% |
| 2005 | 30.2% | -6.6% |
| 2006 | 28.2% | -6.6% |
| 2007 | 35.3% | +25.4% |
| 2008 | 35.2% | -0.4% |
| 2009 | 33.4% | -5.0% |
| 2010 | 30.7% | -8.0% |
| 2011 | 33.7% | +9.8% |
| 2012 | 32.4% | -3.9% |
| 2013 | 35.8% | +10.6% |
| 2014 | 33.1% | -7.5% |
| 2015 | 44.0% | +32.9% |
| 2016 | 45.8% | +3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 37.0% | 31.1% | 45.5% | 10 |
| 1980s | 40.4% | 32.7% | 49.5% | 10 |
| 1990s | 35.1% | 23.5% | 47.8% | 10 |
| 2000s | 32.3% | 28.2% | 36.1% | 10 |
| 2010s | 36.5% | 30.7% | 45.8% | 7 |
Countries ranked near Venezuela, Bolivarian Republic of
- 7 Brunei Darussalam 51.0% compare
- 8 Iran, Islamic Republic of 48.6% compare
- 9 Nigeria 45.9% compare
- 11 Solomon Islands 45.2% compare
- 12 Kazakhstan 44.8% compare
- 13 Congo, Democratic Republic of the 43.7% 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)
- 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 transport services in Venezuela, Bolivarian Republic of?
- Transport services in Venezuela, Bolivarian Republic of was 45.8% in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 49.5% in 1988.
- What is the lowest transport services recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 23.5% in 1998.
- How does Venezuela, Bolivarian Republic of rank for transport services?
- Venezuela, Bolivarian Republic of ranks 10th out of 198 countries with data for 2016.
- Is transport services rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 62.5%. 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 Transport services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.