Service exports — all countries

Service exports — Venezuela

Service exports in Venezuela in 2016 — 1,285,000,000 US$. Ranked 116 in the world out of 188. Since 1970, the indicator has risen by 824.5%.

2016 1.29B US$ −21.41% vs 2015
World rank 116of 188
Period maximum 2.22B US$2013
Period minimum 139M US$1970

Trend over time

1970–2016 · US$

Service exports — Venezuela, 1970–201601B2B3B19701975198019851990199520002005201020151970: 139,000,000 US$1971: 148,000,000 US$1972: 159,000,000 US$1973: 247,000,000 US$1974: 325,000,000 US$1975: 370,000,000 US$1976: 341,000,000 US$1977: 504,000,000 US$1978: 629,000,000 US$1979: 599,000,000 US$1980: 693,000,000 US$1981: 757,000,000 US$1982: 1,041,000,000 US$1983: 1,082,000,000 US$1984: 688,000,000 US$1985: 797,000,000 US$1986: 828,000,000 US$1987: 864,000,000 US$1988: 835,000,000 US$1989: 932,000,000 US$1990: 1,186,000,000 US$1991: 1,233,000,000 US$1992: 1,327,000,000 US$1993: 1,354,000,000 US$1994: 1,589,000,000 US$1995: 1,685,000,000 US$1996: 1,588,000,000 US$1997: 1,318,000,000 US$1998: 1,427,000,000 US$1999: 1,356,000,000 US$2000: 1,186,000,000 US$2001: 1,380,000,000 US$2002: 1,017,000,000 US$2003: 882,000,000 US$2004: 1,118,000,000 US$2005: 1,346,000,000 US$2006: 1,548,000,000 US$2007: 1,869,000,000 US$2008: 2,187,000,000 US$2009: 2,144,000,000 US$2010: 1,848,000,000 US$2011: 1,912,000,000 US$2012: 2,160,000,000 US$2013: 2,216,000,000 US$2014: 2,130,000,000 US$2015: 1,635,000,000 US$2016: 1,285,000,000 US$
Change over the period: +1.15B (+824.46%) Average annual rate: 4.95 %

Comparison, 2016

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

Venezuela 1.29B US$
World 5.2T US$
South America computed 82.12B US$
Service exports — Venezuela, by year Venezuela All countries CSV XLSX
Year US$ Change Change, %
2016 1.29B −350M −21.41%
2015 1.64B −495M −23.24%
2014 2.13B −86M −3.88%
2013 2.22B +56M +2.59%
2012 2.16B +248M +12.97%
2011 1.91B +64M +3.46%
2010 1.85B −296M −13.81%
2009 2.14B −43M −1.97%
2008 2.19B +318M +17.01%
2007 1.87B +321M +20.74%
2006 1.55B +202M +15.01%
2005 1.35B +228M +20.39%
2004 1.12B +236M +26.76%
2003 882M −135M −13.27%
2002 1.02B −363M −26.3%
2001 1.38B +194M +16.36%
2000 1.19B −170M −12.54%
1999 1.36B −71M −4.98%
1998 1.43B +109M +8.27%
1997 1.32B −270M −17%
1996 1.59B −97M −5.76%
1995 1.69B +96M +6.04%
1994 1.59B +235M +17.36%
1993 1.35B +27M +2.03%
1992 1.33B +94M +7.62%
1991 1.23B +47M +3.96%
1990 1.19B +254M +27.25%
1989 932M +97M +11.62%
1988 835M −29M −3.36%
1987 864M +36M +4.35%
1986 828M +31M +3.89%
1985 797M +109M +15.84%
1984 688M −394M −36.41%
1983 1.08B +41M +3.94%
1982 1.04B +284M +37.52%
1981 757M +64M +9.24%
1980 693M +94M +15.69%
1979 599M −30M −4.77%
1978 629M +125M +24.8%
1977 504M +163M +47.8%
1976 341M −29M −7.84%
1975 370M +45M +13.85%
1974 325M +78M +31.58%
1973 247M +88M +55.35%
1972 159M +11M +7.43%
1971 148M +9M +6.47%
1970 139M

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

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