Travel services in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Travel services was 19.1% in 2016. ▼ Falling
Travel 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 19.1% for travel services in 2016.
Compared with earlier readings it is up 25.9% on the previous year and down 6.8% over ten years.
Over the whole period, travel services in Venezuela, Bolivarian Republic of peaked at 48.3% in 1982 and was at its lowest, 13.6%, in 2012.
Venezuela, Bolivarian Republic of ranks 103rd of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 47 years of available data.
Travel services in Venezuela, Bolivarian Republic of, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1970 | 27.2% | — |
| 1971 | 23.9% | -12.2% |
| 1972 | 27.4% | +14.5% |
| 1973 | 26.5% | -3.3% |
| 1974 | 25.3% | -4.5% |
| 1975 | 25.3% | -0.0% |
| 1976 | 29.8% | +18.1% |
| 1977 | 35.9% | +20.3% |
| 1978 | 41.9% | +16.7% |
| 1979 | 41.4% | -1.1% |
| 1980 | 47.0% | +13.4% |
| 1981 | 47.6% | +1.3% |
| 1982 | 48.3% | +1.5% |
| 1983 | 40.0% | -17.2% |
| 1984 | 40.4% | +0.9% |
| 1985 | 29.2% | -27.6% |
| 1986 | 25.3% | -13.5% |
| 1987 | 22.7% | -10.0% |
| 1988 | 17.8% | -21.8% |
| 1989 | 32.9% | +85.3% |
| 1990 | 39.5% | +20.0% |
| 1991 | 35.1% | -11.2% |
| 1992 | 32.9% | -6.2% |
| 1993 | 45.6% | +38.4% |
| 1994 | 41.2% | -9.5% |
| 1995 | 35.0% | -15.2% |
| 1996 | 45.6% | +30.3% |
| 1997 | 19.2% | -58.0% |
| 1998 | 21.2% | +10.5% |
| 1999 | 24.0% | +13.4% |
| 2000 | 23.7% | -1.3% |
| 2001 | 23.6% | -0.3% |
| 2002 | 25.0% | +5.6% |
| 2003 | 24.4% | -2.2% |
| 2004 | 23.9% | -2.0% |
| 2005 | 23.9% | -0.1% |
| 2006 | 20.5% | -14.1% |
| 2007 | 14.0% | -31.7% |
| 2008 | 13.6% | -2.7% |
| 2009 | 14.2% | +4.1% |
| 2010 | 14.0% | -1.1% |
| 2011 | 15.3% | +9.0% |
| 2012 | 13.6% | -11.3% |
| 2013 | 16.7% | +23.4% |
| 2014 | 14.3% | -14.9% |
| 2015 | 15.2% | +6.6% |
| 2016 | 19.1% | +25.9% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 19.1% is above the median for lower middle income countries, which is 17.0%, 1.1× the median. (47 countries reporting)
- Venezuela, Bolivarian Republic of's 19.1% is above the median for Latin America & Caribbean, which is 19.1%, 1.0× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.5% | 23.9% | 41.9% | 10 |
| 1980s | 35.1% | 17.8% | 48.3% | 10 |
| 1990s | 33.9% | 19.2% | 45.6% | 10 |
| 2000s | 20.7% | 13.6% | 25.0% | 10 |
| 2010s | 15.5% | 13.6% | 19.1% | 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 travel services in Venezuela, Bolivarian Republic of?
- Travel services in Venezuela, Bolivarian Republic of was 19.1% in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 48.3% in 1982.
- What is the lowest travel services recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 13.6% in 2012.
- How does Venezuela, Bolivarian Republic of rank for travel services?
- Venezuela, Bolivarian Republic of ranks 103rd out of 198 countries with data for 2016.
- Is travel services rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 6.8%. 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 Travel services (% of service imports, BoP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.