Transport services in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Transport services was 28.2% 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 imports, BoP.
Analysis
Venezuela, Bolivarian Republic of recorded 28.2% for transport services in 2016.
That represents a change of down 0.5% on the previous year and down 37.1% over ten years.
Over the whole period, transport services in Venezuela, Bolivarian Republic of peaked at 56.0% in 1988 and was at its lowest, 23.3%, in 1982.
That places Venezuela, Bolivarian Republic of 110th out of 197 countries with data for 2016, putting it in the middle of the range.
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 imports, BoP | Change |
|---|---|---|
| 1970 | 41.8% | — |
| 1971 | 43.8% | +5.0% |
| 1972 | 43.8% | -0.1% |
| 1973 | 42.0% | -4.1% |
| 1974 | 37.4% | -10.9% |
| 1975 | 42.9% | +14.7% |
| 1976 | 43.3% | +0.9% |
| 1977 | 39.6% | -8.5% |
| 1978 | 36.3% | -8.5% |
| 1979 | 32.0% | -11.8% |
| 1980 | 31.7% | -0.7% |
| 1981 | 29.4% | -7.2% |
| 1982 | 23.3% | -20.7% |
| 1983 | 32.2% | +38.1% |
| 1984 | 41.4% | +28.6% |
| 1985 | 44.6% | +7.5% |
| 1986 | 45.1% | +1.2% |
| 1987 | 50.8% | +12.7% |
| 1988 | 56.0% | +10.1% |
| 1989 | 33.9% | -39.5% |
| 1990 | 30.9% | -8.6% |
| 1991 | 40.2% | +29.8% |
| 1992 | 40.8% | +1.5% |
| 1993 | 32.6% | -20.1% |
| 1994 | 26.8% | -17.8% |
| 1995 | 29.2% | +9.1% |
| 1996 | 25.0% | -14.3% |
| 1997 | 38.2% | +52.6% |
| 1998 | 37.8% | -1.0% |
| 1999 | 35.7% | -5.4% |
| 2000 | 40.6% | +13.8% |
| 2001 | 42.1% | +3.5% |
| 2002 | 39.4% | -6.2% |
| 2003 | 36.0% | -8.8% |
| 2004 | 38.5% | +7.1% |
| 2005 | 41.2% | +6.9% |
| 2006 | 44.9% | +8.9% |
| 2007 | 37.8% | -15.7% |
| 2008 | 35.0% | -7.4% |
| 2009 | 33.0% | -5.7% |
| 2010 | 31.6% | -4.2% |
| 2011 | 32.2% | +1.9% |
| 2012 | 36.9% | +14.6% |
| 2013 | 32.5% | -11.8% |
| 2014 | 30.2% | -7.3% |
| 2015 | 28.4% | -6.0% |
| 2016 | 28.2% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 40.3% | 32.0% | 43.8% | 10 |
| 1980s | 38.9% | 23.3% | 56.0% | 10 |
| 1990s | 33.7% | 25.0% | 40.8% | 10 |
| 2000s | 38.8% | 33.0% | 44.9% | 10 |
| 2010s | 31.4% | 28.2% | 36.9% | 7 |
Countries ranked near Venezuela, Bolivarian Republic of
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 28.2% 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 56.0% in 1988.
- What is the lowest transport services recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 23.3% in 1982.
- How does Venezuela, Bolivarian Republic of rank for transport services?
- Venezuela, Bolivarian Republic of ranks 110th out of 197 countries with data for 2016.
- Is transport services rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 37.1%. 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 imports, 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 imports which are services provided by non-residents to residents.