Merchandise imports by the reporting economy (current US$) … unit in Venezuela
Venezuela: Merchandise imports by the reporting economy (current US$) … unit was 0.1198 current US$ per US$ of GDP in 2023. ▼ Falling
Latest (2023)
0.1198 current US$ per US$ of GDP
Change on year
down 8.5%
World rank
192nd
of 202 countries
All-time high
0.2867 current US$ per US$ of GDP
in 1978
All-time low
0.0897 current US$ per US$ of GDP
in 1983
Years of data
64
1960–2023
Merchandise imports by the reporting economy (current US$), per unit in Venezuela, 1960–2023
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2023, merchandise imports by the reporting economy (current us$), per unit in Venezuela stood at 0.1198 current US$ per US$ of GDP.
The figure is down 8.5% on the previous year and down 32.9% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), per unit in Venezuela peaked at 0.2867 current US$ per US$ of GDP in 1978 and was at its lowest, 0.0897 current US$ per US$ of GDP, in 1983.
That places Venezuela 192nd out of 202 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 64 years of available data.
Merchandise imports by the reporting economy (current US$) … unit in Venezuela, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.1473 current US$ per US$ of GDP | — |
| 1961 | 0.1315 current US$ per US$ of GDP | -10.8% |
| 1962 | 0.1194 current US$ per US$ of GDP | -9.2% |
| 1963 | 0.0967 current US$ per US$ of GDP | -19.0% |
| 1964 | 0.15 current US$ per US$ of GDP | +55.1% |
| 1965 | 0.1675 current US$ per US$ of GDP | +11.6% |
| 1966 | 0.1487 current US$ per US$ of GDP | -11.2% |
| 1967 | 0.1556 current US$ per US$ of GDP | +4.7% |
| 1968 | 0.1658 current US$ per US$ of GDP | +6.6% |
| 1969 | 0.1644 current US$ per US$ of GDP | -0.9% |
| 1970 | 0.1648 current US$ per US$ of GDP | +0.2% |
| 1971 | 0.1498 current US$ per US$ of GDP | -9.1% |
| 1972 | 0.1612 current US$ per US$ of GDP | +7.7% |
| 1973 | 0.1564 current US$ per US$ of GDP | -3.0% |
| 1974 | 0.1535 current US$ per US$ of GDP | -1.8% |
| 1975 | 0.2016 current US$ per US$ of GDP | +31.3% |
| 1976 | 0.2125 current US$ per US$ of GDP | +5.4% |
| 1977 | 0.2576 current US$ per US$ of GDP | +21.2% |
| 1978 | 0.2867 current US$ per US$ of GDP | +11.3% |
| 1979 | 0.2134 current US$ per US$ of GDP | -25.6% |
| 1980 | 0.202 current US$ per US$ of GDP | -5.4% |
| 1981 | 0.196 current US$ per US$ of GDP | -2.9% |
| 1982 | 0.1841 current US$ per US$ of GDP | -6.1% |
| 1983 | 0.0897 current US$ per US$ of GDP | -51.3% |
| 1984 | 0.1237 current US$ per US$ of GDP | +37.8% |
| 1985 | 0.1248 current US$ per US$ of GDP | +0.9% |
| 1986 | 0.1341 current US$ per US$ of GDP | +7.5% |
| 1987 | 0.1933 current US$ per US$ of GDP | +44.2% |
| 1988 | 0.2038 current US$ per US$ of GDP | +5.4% |
| 1989 | 0.1659 current US$ per US$ of GDP | -18.6% |
| 1990 | 0.1344 current US$ per US$ of GDP | -19.0% |
| 1991 | 0.2008 current US$ per US$ of GDP | +49.3% |
| 1992 | 0.2178 current US$ per US$ of GDP | +8.5% |
| 1993 | 0.2015 current US$ per US$ of GDP | -7.5% |
| 1994 | 0.1353 current US$ per US$ of GDP | -32.8% |
| 1995 | 0.1374 current US$ per US$ of GDP | +1.5% |
| 1996 | 0.1243 current US$ per US$ of GDP | -9.5% |
| 1997 | 0.1526 current US$ per US$ of GDP | +22.8% |
| 1998 | 0.1548 current US$ per US$ of GDP | +1.4% |
| 1999 | 0.1168 current US$ per US$ of GDP | -24.6% |
| 2000 | 0.1303 current US$ per US$ of GDP | +11.6% |
| 2001 | 0.1391 current US$ per US$ of GDP | +6.8% |
| 2002 | 0.1311 current US$ per US$ of GDP | -5.8% |
| 2003 | 0.0981 current US$ per US$ of GDP | -25.2% |
| 2004 | 0.1307 current US$ per US$ of GDP | +33.3% |
| 2005 | 0.1449 current US$ per US$ of GDP | +10.8% |
| 2006 | 0.1606 current US$ per US$ of GDP | +10.9% |
| 2007 | 0.1975 current US$ per US$ of GDP | +23.0% |
| 2008 | 0.1542 current US$ per US$ of GDP | -21.9% |
| 2009 | 0.1242 current US$ per US$ of GDP | -19.5% |
| 2010 | 0.0945 current US$ per US$ of GDP | -23.9% |
| 2011 | 0.1569 current US$ per US$ of GDP | +66.0% |
| 2012 | 0.1592 current US$ per US$ of GDP | +1.5% |
| 2013 | 0.1786 current US$ per US$ of GDP | +12.2% |
| 2014 | 0.1991 current US$ per US$ of GDP | +11.5% |
| 2015 | 0.2666 current US$ per US$ of GDP | +33.9% |
| 2016 | 0.1545 current US$ per US$ of GDP | -42.0% |
| 2017 | 0.1 current US$ per US$ of GDP | -35.3% |
| 2018 | 0.1191 current US$ per US$ of GDP | +19.0% |
| 2019 | 0.0936 current US$ per US$ of GDP | -21.4% |
| 2020 | 0.1815 current US$ per US$ of GDP | +93.9% |
| 2021 | 0.1562 current US$ per US$ of GDP | -14.0% |
| 2022 | 0.131 current US$ per US$ of GDP | -16.1% |
| 2023 | 0.1198 current US$ per US$ of GDP | -8.5% |
Venezuela compared with similar countries
- Venezuela's 0.1198 current US$ per US$ of GDP is below the median for lower middle income countries, which is 0.3347 current US$ per US$ of GDP, 36% of the median. (47 countries reporting)
- Venezuela's 0.1198 current US$ per US$ of GDP is below the median for Latin America & Caribbean, which is 0.3042 current US$ per US$ of GDP, 39% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.1447 current US$ per US$ of GDP | 0.0967 current US$ per US$ of GDP | 0.1675 current US$ per US$ of GDP | 10 |
| 1970s | 0.1958 current US$ per US$ of GDP | 0.1498 current US$ per US$ of GDP | 0.2867 current US$ per US$ of GDP | 10 |
| 1980s | 0.1617 current US$ per US$ of GDP | 0.0897 current US$ per US$ of GDP | 0.2038 current US$ per US$ of GDP | 10 |
| 1990s | 0.1576 current US$ per US$ of GDP | 0.1168 current US$ per US$ of GDP | 0.2178 current US$ per US$ of GDP | 10 |
| 2000s | 0.1411 current US$ per US$ of GDP | 0.0981 current US$ per US$ of GDP | 0.1975 current US$ per US$ of GDP | 10 |
| 2010s | 0.1522 current US$ per US$ of GDP | 0.0936 current US$ per US$ of GDP | 0.2666 current US$ per US$ of GDP | 10 |
| 2020s | 0.1471 current US$ per US$ of GDP | 0.1198 current US$ per US$ of GDP | 0.1815 current US$ per US$ of GDP | 4 |
Countries ranked near Venezuela
- 189 Russia 0.1281 current US$ per US$ of GDP compare
- 190 Ethiopia 0.1255 current US$ per US$ of GDP compare
- 191 Panama 0.1237 current US$ per US$ of GDP compare
- 193 Brazil 0.1163 current US$ per US$ of GDP compare
- 194 Iran 0.1153 current US$ per US$ of GDP compare
- 195 Argentina 0.1121 current US$ per US$ of GDP 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)
- Commercial service imports 5.95 billion current US$ (2025)
- Food exports 0.0% (2013)
- Manufactures exports 1.8% (2013)
- Merchandise exports 8.60 billion current US$ (2025)
- Commercial service exports 1.12 billion current US$ (2025)
- Merchandise exports (current US$), per capita 301.58 current US$ per person (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), per unit in Venezuela?
- Merchandise imports by the reporting economy (current us$), per unit in Venezuela was 0.1198 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), per unit recorded in Venezuela?
- The highest recorded value was 0.2867 current US$ per US$ of GDP in 1978.
- What is the lowest merchandise imports by the reporting economy (current us$), per unit recorded in Venezuela?
- The lowest recorded value was 0.0897 current US$ per US$ of GDP in 1983.
- How does Venezuela rank for merchandise imports by the reporting economy (current us$), per unit?
- Venezuela ranks 192nd out of 202 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), per unit rising or falling in Venezuela?
- Over the last ten years it is down 32.9%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Merchandise imports by the reporting economy (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Merchandise imports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Merchandise imports by the reporting economy (current US$) ÷ GDP (current US$)
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Merchandise imports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.