Goods balance (credit less debit), Net (credits less debits) in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Goods balance (credit less debit), Net (credits less debits) was 11.06 billion in 2016. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Venezuela, Bolivarian Republic of, 2005–2016
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in Venezuela, Bolivarian Republic of is 11.06 billion, measured in 2016.
That represents a change of up 179.6% on the previous year and down 65.5% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Venezuela, Bolivarian Republic of peaked at 44.88 billion in 2008 and was at its lowest, 3.96 billion, in 2015.
Venezuela, Bolivarian Republic of ranks 35th of 198 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Goods balance (credit less debit), Net (credits less debits) in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 31.71 billion | — |
| 2006 | 32.03 billion | +1.0% |
| 2007 | 22.82 billion | -28.7% |
| 2008 | 44.88 billion | +96.6% |
| 2009 | 16.93 billion | -62.3% |
| 2010 | 25.18 billion | +48.7% |
| 2011 | 41.20 billion | +63.6% |
| 2012 | 31.96 billion | -22.4% |
| 2013 | 31.60 billion | -1.1% |
| 2014 | 27.45 billion | -13.1% |
| 2015 | 3.96 billion | -85.6% |
| 2016 | 11.06 billion | +179.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.68 billion | 16.93 billion | 44.88 billion | 5 |
| 2010s | 24.63 billion | 3.96 billion | 41.20 billion | 7 |
Countries ranked near Venezuela, Bolivarian Republic of
- 32 Nigeria 13.17 billion compare
- 33 South Africa 11.74 billion compare
- 34 Belgium 11.15 billion compare
- 36 Azerbaijan 8.82 billion compare
- 37 Papua New Guinea 8.71 billion compare
- 38 Guyana 7.21 billion compare
More financial sector data for Venezuela, Bolivarian Republic of
- Total reserves (gold at national valuation) (SDR), annual growth rate -17.03 % change on previous year (2017)
- Total reserves (gold at national valuation) (SDR), per capita 221.95 SDR per person (2017)
- Total reserves in months of imports, annual growth rate 8.37 % change on previous year (2016)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2016)
- Total reserves in months of imports, per capita 0 units per person (2016)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -18.98 % change on previous year (2017)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0107 SDR per US$ of GDP (2017)
- Reserves excluding gold, foreign exchange (SDR), per capita 40.5 SDR per person (2017)
- Reserves excluding gold (SDR), annual growth rate -12.26 % change on previous year (2017)
- Reserves excluding gold (SDR), per capita 69.71 SDR per person (2017)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Venezuela, Bolivarian Republic of?
- Goods balance (credit less debit), net (credits less debits) in Venezuela, Bolivarian Republic of was 11.06 billion in 2016, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 44.88 billion in 2008.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 3.96 billion in 2015.
- How does Venezuela, Bolivarian Republic of rank for goods balance (credit less debit), net (credits less debits)?
- Venezuela, Bolivarian Republic of ranks 35th out of 198 countries with data for 2016.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 65.5%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.