Service exports in Venezuela
Venezuela: Service exports was 1.28 billion BoP, current US$ in 2016. ◆ Volatile
Service exports in Venezuela, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Venezuela recorded 1.28 billion BoP, current US$ for service exports in 2016.
The figure is down 21.4% on the previous year and down 17.0% over ten years.
Over the whole period, service exports in Venezuela peaked at 2.22 billion BoP, current US$ in 2013 and was at its lowest, 139.00 million BoP, current US$, in 1970.
Venezuela ranks 130th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 346.10 million BoP, current US$ | 139.00 million BoP, current US$ | 629.00 million BoP, current US$ | 10 |
| 1980s | 851.70 million BoP, current US$ | 688.00 million BoP, current US$ | 1.08 billion BoP, current US$ | 10 |
| 1990s | 1.41 billion BoP, current US$ | 1.19 billion BoP, current US$ | 1.69 billion BoP, current US$ | 10 |
| 2000s | 1.47 billion BoP, current US$ | 882.00 million BoP, current US$ | 2.19 billion BoP, current US$ | 10 |
| 2010s | 1.88 billion BoP, current US$ | 1.28 billion BoP, current US$ | 2.22 billion BoP, current US$ | 7 |
Countries ranked near Venezuela
- 127 Zambia 1.38 billion BoP, current US$ compare
- 128 Nicaragua 1.30 billion BoP, current US$ compare
- 129 Namibia 1.29 billion BoP, current US$ compare
- 131 Trinidad and Tobago 1.27 billion BoP, current US$ compare
- 132 Sint Maarten (Dutch part) 1.27 billion BoP, current US$ compare
- 133 San Marino 1.25 billion BoP, current US$ compare
More economy & growth data for Venezuela
- Services, value added 0 current LCU (2011)
- Exports of goods and services 14.85 billion current US$ (2025)
- Exports of goods and services 2.46 trillion current LCU (2025)
- Exports of goods and services 16.32 billion constant 2015 US$ (2025)
- Exports of goods and services 4.4% (2025)
- Services, value added -0.4% (2014)
- Exports of goods and services 14.9% (2025)
- Gross fixed capital formation -5.1% (2025)
- Gross fixed capital formation 2.15 billion constant 2015 US$ (2025)
- Gross fixed capital formation 754.41 billion current LCU (2025)
Frequently asked questions
- What is service exports in Venezuela?
- Service exports in Venezuela was 1.28 billion BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Venezuela?
- The highest recorded value was 2.22 billion BoP, current US$ in 2013.
- What is the lowest service exports recorded in Venezuela?
- The lowest recorded value was 139.00 million BoP, current US$ in 1970.
- How does Venezuela rank for service exports?
- Venezuela ranks 130th out of 199 countries with data for 2016.
- Is service exports rising or falling in Venezuela?
- Over the last ten years it is down 17.0%. The long-run trend across the full record is volatile.
- 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.