Commercial service exports (current US$) in Venezuela
Venezuela: Commercial service exports was 1.24 billion current US$ in 2016. ▲ Rising
Latest (2016)
1.24 billion current US$
Change on year
down 19.0%
World rank
133rd
of 200 countries
All-time high
2.03 billion current US$
in 2008
All-time low
132.00 million current US$
in 1970
Years of data
47
1970–2016
Commercial service exports in Venezuela, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for commercial service exports in Venezuela is 1.24 billion current US$, measured in 2016.
The figure is down 19.0% on the previous year and down 14.0% over ten years.
Over the whole period, commercial service exports in Venezuela peaked at 2.03 billion current US$ in 2008 and was at its lowest, 132.00 million current US$, in 1970.
Venezuela ranks 133rd of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Commercial service exports in Venezuela, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 132.00 million current US$ | — |
| 1971 | 140.00 million current US$ | +6.1% |
| 1972 | 149.00 million current US$ | +6.4% |
| 1973 | 233.00 million current US$ | +56.4% |
| 1974 | 308.00 million current US$ | +32.2% |
| 1975 | 354.00 million current US$ | +14.9% |
| 1976 | 324.00 million current US$ | -8.5% |
| 1977 | 485.00 million current US$ | +49.7% |
| 1978 | 609.00 million current US$ | +25.6% |
| 1979 | 573.00 million current US$ | -5.9% |
| 1980 | 663.00 million current US$ | +15.7% |
| 1981 | 729.00 million current US$ | +10.0% |
| 1982 | 1.00 billion current US$ | +37.7% |
| 1983 | 1.03 billion current US$ | +3.1% |
| 1984 | 658.00 million current US$ | -36.4% |
| 1985 | 760.00 million current US$ | +15.5% |
| 1986 | 794.00 million current US$ | +4.5% |
| 1987 | 839.00 million current US$ | +5.7% |
| 1988 | 815.00 million current US$ | -2.9% |
| 1989 | 901.00 million current US$ | +10.6% |
| 1990 | 1.12 billion current US$ | +24.8% |
| 1991 | 1.15 billion current US$ | +2.5% |
| 1992 | 1.22 billion current US$ | +6.0% |
| 1993 | 1.24 billion current US$ | +1.9% |
| 1994 | 1.47 billion current US$ | +17.9% |
| 1995 | 1.54 billion current US$ | +5.2% |
| 1996 | 1.46 billion current US$ | -5.2% |
| 1997 | 1.19 billion current US$ | -18.5% |
| 1998 | 1.29 billion current US$ | +8.1% |
| 1999 | 1.21 billion current US$ | -6.1% |
| 2000 | 1.06 billion current US$ | -12.4% |
| 2001 | 1.25 billion current US$ | +17.4% |
| 2002 | 917.00 million current US$ | -26.4% |
| 2003 | 795.00 million current US$ | -13.3% |
| 2004 | 1.03 billion current US$ | +29.3% |
| 2005 | 1.25 billion current US$ | +21.8% |
| 2006 | 1.45 billion current US$ | +15.4% |
| 2007 | 1.75 billion current US$ | +21.0% |
| 2008 | 2.03 billion current US$ | +16.0% |
| 2009 | 1.94 billion current US$ | -4.1% |
| 2010 | 1.62 billion current US$ | -16.8% |
| 2011 | 1.62 billion current US$ | +0.2% |
| 2012 | 1.81 billion current US$ | +11.4% |
| 2013 | 1.85 billion current US$ | +2.4% |
| 2014 | 1.82 billion current US$ | -1.6% |
| 2015 | 1.53 billion current US$ | -15.7% |
| 2016 | 1.24 billion current US$ | -19.0% |
Venezuela compared with similar countries
- Venezuela's 1.24 billion current US$ is above the median for lower middle income countries, which is 1.21 billion current US$, 1.0× the median. (47 countries reporting)
- Venezuela's 1.24 billion current US$ is below the median for Latin America & Caribbean, which is 2.96 billion current US$, 42% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 330.70 million current US$ | 132.00 million current US$ | 609.00 million current US$ | 10 |
| 1980s | 819.80 million current US$ | 658.00 million current US$ | 1.03 billion current US$ | 10 |
| 1990s | 1.29 billion current US$ | 1.12 billion current US$ | 1.54 billion current US$ | 10 |
| 2000s | 1.35 billion current US$ | 795.00 million current US$ | 2.03 billion current US$ | 10 |
| 2010s | 1.64 billion current US$ | 1.24 billion current US$ | 1.85 billion current US$ | 7 |
Countries ranked near Venezuela
- 130 Trinidad and Tobago 1.26 billion current US$ compare
- 131 Namibia 1.25 billion current US$ compare
- 132 San Marino 1.25 billion current US$
- 134 Bolivia 1.21 billion current US$ compare
- 135 Antigua and Barbuda 1.21 billion current US$ compare
- 136 Nicaragua 1.19 billion current US$ compare
More private sector data for Venezuela
- Merchandise trade 22.5% (2025)
- Food imports 18.4% (2013)
- Manufactures imports 70.7% (2013)
- Merchandise imports 13.80 billion current US$ (2025)
- Food exports 0.0% (2013)
- Manufactures exports 1.8% (2013)
- Merchandise exports 8.60 billion current US$ (2025)
- Merchandise exports (current US$), per capita 301.58 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0863 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -40.13 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports in Venezuela?
- Commercial service exports in Venezuela was 1.24 billion current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service exports recorded in Venezuela?
- The highest recorded value was 2.03 billion current US$ in 2008.
- What is the lowest commercial service exports recorded in Venezuela?
- The lowest recorded value was 132.00 million current US$ in 1970.
- How does Venezuela rank for commercial service exports?
- Venezuela ranks 133rd out of 200 countries with data for 2016.
- Is commercial service exports rising or falling in Venezuela?
- Over the last ten years it is down 14.0%. The long-run trend across the full record is rising.
- 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 Commercial service exports (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Commercial service exports are total service exports minus exports of government services not included elsewhere. 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.