Service imports in Venezuela
Venezuela: Service imports was 9.47 billion BoP, current US$ in 2016. ◆ Volatile
Service imports in Venezuela, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service imports in Venezuela is 9.47 billion BoP, current US$, measured in 2016.
Compared with earlier readings it is down 31.5% on the previous year and up 58.1% over ten years.
Over the whole period, service imports in Venezuela peaked at 19.43 billion BoP, current US$ in 2012 and was at its lowest, 525.00 million BoP, current US$, in 1970.
That places Venezuela 71st out of 199 countries with data for 2016, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.85 billion BoP, current US$ | 525.00 million BoP, current US$ | 4.20 billion BoP, current US$ | 10 |
| 1980s | 3.18 billion BoP, current US$ | 1.94 billion BoP, current US$ | 6.05 billion BoP, current US$ | 10 |
| 1990s | 4.20 billion BoP, current US$ | 2.59 billion BoP, current US$ | 4.90 billion BoP, current US$ | 10 |
| 2000s | 7.01 billion BoP, current US$ | 3.52 billion BoP, current US$ | 13.35 billion BoP, current US$ | 10 |
| 2010s | 15.75 billion BoP, current US$ | 9.47 billion BoP, current US$ | 19.43 billion BoP, current US$ | 7 |
Countries ranked near Venezuela
- 68 Slovenia 10.78 billion BoP, current US$ compare
- 69 Azerbaijan 10.25 billion BoP, current US$ compare
- 70 Libya 10.05 billion BoP, current US$ compare
- 72 Bulgaria 9.42 billion BoP, current US$ compare
- 73 Algeria 9.13 billion BoP, current US$ compare
- 74 Costa Rica 8.64 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 imports in Venezuela?
- Service imports in Venezuela was 9.47 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 imports recorded in Venezuela?
- The highest recorded value was 19.43 billion BoP, current US$ in 2012.
- What is the lowest service imports recorded in Venezuela?
- The lowest recorded value was 525.00 million BoP, current US$ in 1970.
- How does Venezuela rank for service imports?
- Venezuela ranks 71st out of 199 countries with data for 2016.
- Is service imports rising or falling in Venezuela?
- Over the last ten years it is up 58.1%. 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Imports of services are services provided by non-residents to 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.