Remittance inflows to GDP in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Remittance inflows to GDP was 0.0% in 2014. β Volatile
Remittance inflows to GDP in Venezuela (Bolivarian Republic of), 1985β2014
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2014, remittance inflows to gdp in Venezuela (Bolivarian Republic of) 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 (Bolivarian Republic of) peaked at 0.2% in 2003 and was at its lowest, 0.0%, in 1985.
That places Venezuela (Bolivarian Republic of) 184th out of 196 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.
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 (Bolivarian Republic of)
- 181 Saudi Arabia 0.0% compare
- 182 United States 0.0% compare
- 183 Chile 0.0% compare
- 185 Kuwait 0.0% compare
- 186 Angola 0.0% compare
- 187 Papua New Guinea 0.0% compare
More financial sector data for Venezuela (Bolivarian Republic of)
- Net domestic credit (current LCU), per capita 0 current LCU per person (2013)
- Net domestic credit (current LCU), per unit of GDP 0 current LCU per US$ of GDP (2013)
- Net domestic credit (current LCU), annual growth rate 75.91 % change on previous year (2013)
- Gold reserves at 35 SDRs per ounce 182.48 million SDR (2017)
- Gold reserves at market value 4.75 billion SDR (2017)
- Reserves excluding gold, foreign exchange 1.24 billion SDR (2017)
- Reserves excluding gold 2.13 billion SDR (2017)
- Total reserves (gold at market value) 6.88 billion SDR (2017)
- Total reserves (gold at national valuation) 6.78 billion SDR (2017)
- Total reserves (gold at national valuation) (SDR), per capita 221.95 SDR per person (2017)
Frequently asked questions
- What is remittance inflows to gdp in Venezuela (Bolivarian Republic of)?
- Remittance inflows to gdp in Venezuela (Bolivarian Republic of) was 0.0% in 2014, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 0.2% in 2003.
- What is the lowest remittance inflows to gdp recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 0.0% in 1985.
- How does Venezuela (Bolivarian Republic of) rank for remittance inflows to gdp?
- Venezuela (Bolivarian Republic of) ranks 184th out of 196 countries with data for 2014.
- Is remittance inflows to gdp rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is down 79.1%. The long-run trend across the full record is volatile.
- Where does this Venezuela (Bolivarian Republic of) 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.
Download this data
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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.