Remittance inflows to GDP (%) in Venezuela
Venezuela: Remittance inflows to GDP (%) was 0.0% in 2014. ◆ Volatile
Remittance inflows to GDP in Venezuela, 1985–2014
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2014, remittance inflows to gdp in Venezuela stood at 0.0%.
Compared with earlier readings it is down 18.0% on the previous year and down 79.1% over ten years.
Over the whole period, remittance inflows to gdp in Venezuela peaked at 0.2% in 2003 and was at its lowest, 0.0%, in 1985.
That places Venezuela 185th out of 197 countries with data for 2014, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP (%) in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1985 | 0.0% | — |
| 1986 | 0.0% | +2.6% |
| 1987 | 0.0% | +25.7% |
| 1988 | 0.0% | -20.3% |
| 1989 | 0.0% | +38.4% |
| 1990 | 0.0% | -10.4% |
| 1991 | 0.0% | +81.7% |
| 1992 | 0.0% | -11.5% |
| 1993 | 0.0% | +0.6% |
| 1994 | 0.0% | +2.8% |
| 1995 | 0.0% | -24.5% |
| 1996 | 0.0% | +119.4% |
| 1997 | 0.0% | +249.3% |
| 1998 | 0.0% | -6.0% |
| 1999 | 0.0% | -6.8% |
| 2000 | 0.0% | -16.4% |
| 2001 | 0.0% | +6.5% |
| 2002 | 0.0% | +32.3% |
| 2003 | 0.2% | +1116.1% |
| 2004 | 0.1% | -48.9% |
| 2005 | 0.1% | -20.0% |
| 2006 | 0.1% | -11.6% |
| 2007 | 0.1% | -27.1% |
| 2008 | 0.0% | -33.8% |
| 2009 | 0.0% | -7.7% |
| 2010 | 0.0% | -9.1% |
| 2011 | 0.0% | +19.9% |
| 2012 | 0.0% | -29.0% |
| 2013 | 0.0% | +4.5% |
| 2014 | 0.0% | -18.0% |
Venezuela compared with similar countries
- Venezuela's 0.0% is below the median for lower middle income countries, which is 4.9%, 1% of the median. (47 countries reporting)
- Venezuela's 0.0% is below the median for Latin America & Caribbean, which is 3.3%, 1% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Remittance inflows to GDP (%) in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +1116.1% | 0.0% | 0.2% |
| 1997 | +249.3% | 0.0% | 0.0% |
| 1996 | +119.4% | 0.0% | 0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0% | 0.0% | 0.0% | 5 |
| 1990s | 0.0% | 0.0% | 0.0% | 10 |
| 2000s | 0.1% | 0.0% | 0.2% | 10 |
| 2010s | 0.0% | 0.0% | 0.0% | 5 |
Countries ranked near Venezuela
- 182 Saudi Arabia 0.0% compare
- 183 United States 0.0% compare
- 184 Chile 0.0% compare
- 186 Kuwait 0.0% compare
- 187 Angola 0.0% compare
- 188 Papua New Guinea 0.0% compare
More financial sector data for Venezuela
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.24 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.94 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.24 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is remittance inflows to gdp in Venezuela?
- Remittance inflows to gdp in Venezuela was 0.0% in 2014, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Venezuela?
- The highest recorded value was 0.2% in 2003.
- What is the lowest remittance inflows to gdp recorded in Venezuela?
- The lowest recorded value was 0.0% in 1985.
- How does Venezuela rank for remittance inflows to gdp?
- Venezuela ranks 185th out of 197 countries with data for 2014.
- Is remittance inflows to gdp rising or falling in Venezuela?
- Over the last ten years it is down 79.1%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.