Services balance (credit less debit), Net (credits less debits) (US) in Venezuela
Venezuela: Services balance (credit less debit), Net (credits less debits) (US) was -8.19 billion in 2016. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Venezuela, 2005–2016
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Venezuela is -8.19 billion, measured in 2016.
Compared with earlier readings it is up 32.8% on the previous year and down 84.3% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Venezuela peaked at -4.00 billion in 2005 and was at its lowest, -17.27 billion, in 2012.
Venezuela ranks 177th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Services balance (credit less debit), Net (credits less debits) (US) in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -4.00 billion | — |
| 2006 | -4.44 billion | +11.1% |
| 2007 | -9.14 billion | +105.7% |
| 2008 | -11.09 billion | +21.3% |
| 2009 | -11.20 billion | +1.1% |
| 2010 | -12.49 billion | +11.5% |
| 2011 | -14.98 billion | +19.9% |
| 2012 | -17.27 billion | +15.3% |
| 2013 | -17.07 billion | -1.2% |
| 2014 | -14.90 billion | -12.7% |
| 2015 | -12.19 billion | -18.2% |
| 2016 | -8.19 billion | -32.8% |
Venezuela compared with similar countries
- Venezuela's -8.19 billion is below the median for lower middle income countries, which is -329.10 million, 24.9× the median. (46 countries reporting)
- Venezuela's -8.19 billion is below the median for Latin America & Caribbean, which is 169.67 million. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -7.97 billion | -11.20 billion | -4.00 billion | 5 |
| 2010s | -13.87 billion | -17.27 billion | -8.19 billion | 7 |
Countries ranked near Venezuela
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 services balance (credit less debit), net (credits less debits) in Venezuela?
- Services balance (credit less debit), net (credits less debits) in Venezuela was -8.19 billion in 2016, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Venezuela?
- The highest recorded value was -4.00 billion in 2005.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Venezuela?
- The lowest recorded value was -17.27 billion in 2012.
- How does Venezuela rank for services balance (credit less debit), net (credits less debits)?
- Venezuela ranks 177th out of 197 countries with data for 2016.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Venezuela?
- Over the last ten years it is down 84.3%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.