Remittances received — all countries

Remittances received — Venezuela

Remittances received in Venezuela in 2016 — 279,000,000 US$. Ranked 118 in the world out of 180. Since 1985, the indicator has risen by 27,800%.

2016 279M US$ +73.29% vs 2015
World rank 118of 180
Period maximum 279M US$2016
Period minimum 1M US$1985

Trend over time

1985–2016 · US$

Remittances received — Venezuela, 1985–20160100M200M300M1985198919931997200120052009201320161985: 1,000,000 US$1986: 1,000,000 US$1987: 1,000,000 US$1988: 1,000,000 US$1989: 1,000,000 US$1990: 1,000,000 US$1991: 2,000,000 US$1992: 2,000,000 US$1993: 2,000,000 US$1994: 2,000,000 US$1995: 2,000,000 US$1996: 4,000,000 US$1997: 17,000,000 US$1998: 17,000,000 US$1999: 17,000,000 US$2000: 17,000,000 US$2001: 19,000,000 US$2002: 19,000,000 US$2003: 208,000,000 US$2004: 143,000,000 US$2005: 148,000,000 US$2006: 165,000,000 US$2007: 151,000,000 US$2008: 137,000,000 US$2009: 132,000,000 US$2010: 143,000,000 US$2011: 138,000,000 US$2012: 118,000,000 US$2013: 120,000,000 US$2014: 128,000,000 US$2015: 161,000,000 US$2016: 279,000,000 US$
Change over the period: +278M (+27,800%) Average annual rate: 19.92 %

Comparison, 2016

How the value compares with the world and the groups this territory belongs to: Venezuela

Venezuela 279M US$
World 535B US$
South America computed 16.54B US$
Remittances received — Venezuela, by year Venezuela All countries CSV XLSX
Year US$ Change Change, %
2016 279M +118M +73.29%
2015 161M +33M +25.78%
2014 128M +8M +6.67%
2013 120M +2M +1.69%
2012 118M −20M −14.49%
2011 138M −5M −3.5%
2010 143M +11M +8.33%
2009 132M −5M −3.65%
2008 137M −14M −9.27%
2007 151M −14M −8.48%
2006 165M +17M +11.49%
2005 148M +5M +3.5%
2004 143M −65M −31.25%
2003 208M +189M +994.74%
2002 19M +0 +0%
2001 19M +2M +11.76%
2000 17M +0 +0%
1999 17M +0 +0%
1998 17M +0 +0%
1997 17M +13M +325%
1996 4M +2M +100%
1995 2M +0 +0%
1994 2M +0 +0%
1993 2M +0 +0%
1992 2M +0 +0%
1991 2M +1M +100%
1990 1M +0 +0%
1989 1M +0 +0%
1988 1M +0 +0%
1987 1M +0 +0%
1986 1M +0 +0%
1985 1M

About the indicator

Personal remittances received by a country: the earnings of labor migrants sent home, plus transfers between households. For a couple of dozen countries this flow is larger than any single export item, and for several it exceeds a fifth of GDP — remittances then become the main external link of the economy, steadier than both direct investment and foreign aid: in a crisis they usually do not fall but rise, because migrants send their families more.

Important: Only transfers through banks and money transfer systems are counted. Cash brought in person does not reach the statistics, so the real volumes are higher — by estimates, noticeably so.

Source: World Development Indicators (World Bank), license CC BY 4.0.