Venezuela - External balance on goods and services

External balance on goods and services (current US$)

The latest value for External balance on goods and services (current US$) in Venezuela was $32,432,800,000.00 as of 2011. Over the past 51 years, the value for this indicator has fluctuated between $43,019,220,000.00 in 2010 and ($7,833,227,000.00) in 2009.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 $941,510,300.00
1961 $1,191,979,000.00
1962 $1,390,125,000.00
1963 $1,619,944,000.00
1964 $987,198,600.00
1965 $848,086,000.00
1966 $935,069,300.00
1967 $913,323,500.00
1968 $587,136,600.00
1969 $478,407,500.00
1970 $521,899,200.00
1971 $805,184,400.00
1972 $461,851,300.00
1973 $1,618,621,000.00
1974 $6,391,032,000.00
1975 $2,167,983,000.00
1976 $270,689,700.00
1977 ($2,885,593,000.00)
1978 ($5,185,050,000.00)
1979 $721,399,000.00
1980 $4,666,546,000.00
1981 $3,719,709,000.00
1982 ($2,006,386,000.00)
1983 $6,530,110,000.00
1984 $4,494,483,000.00
1985 $3,506,514,000.00
1986 ($251,758,600.00)
1987 ($877,192,500.00)
1988 ($3,892,308,000.00)
1989 $5,493,485,000.00
1990 $9,060,291,000.00
1991 $2,652,093,000.00
1992 ($1,494,351,000.00)
1993 ($129,492,400.00)
1994 $4,841,255,000.00
1995 $3,962,475,000.00
1996 $10,366,370,000.00
1997 $6,242,940,000.00
1998 ($1,606,115,000.00)
1999 $3,677,153,000.00
2000 $13,625,690,000.00
2001 $4,092,888,000.00
2002 $11,417,460,000.00
2003 $14,324,290,000.00
2004 $19,149,630,000.00
2005 $27,924,000,000.00
2006 $26,368,750,000.00
2007 $13,964,630,000.00
2008 $30,974,030,000.00
2009 ($7,833,227,000.00)
2010 $43,019,220,000.00
2011 $32,432,800,000.00

External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Venezuela was 139,114,000,000.00 as of 2011. As the graph below shows, over the past 51 years this indicator reached a maximum value of 139,114,000,000.00 in 2011 and a minimum value of -16,817,940,000.00 in 2009.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 3,153,667.00
1961 3,992,932.00
1962 4,656,455.00
1963 5,426,274.00
1964 4,342,440.00
1965 3,773,983.00
1966 4,161,059.00
1967 4,064,289.00
1968 2,612,758.00
1969 2,128,913.00
1970 2,322,452.00
1971 3,580,446.00
1972 2,032,146.00
1973 6,967,354.00
1974 27,385,570.00
1975 9,289,806.00
1976 1,161,229.00
1977 -12,386,410.00
1978 -22,256,830.00
1979 3,096,606.00
1980 20,031,150.00
1981 15,966,850.00
1982 -8,612,414.00
1983 28,062,950.00
1984 31,539,860.00
1985 26,298,860.00
1986 -2,035,048.00
1987 -12,719,290.00
1988 -56,438,470.00
1989 190,522,300.00
1990 424,932,200.00
1991 150,681,600.00
1992 -102,178,200.00
1993 -11,761,280.00
1994 718,940,900.00
1995 700,732,000.00
1996 4,326,216,000.00
1997 3,050,519,000.00
1998 -879,438,000.00
1999 2,227,314,000.00
2000 9,264,927,000.00
2001 2,961,884,000.00
2002 13,255,100,000.00
2003 22,992,920,000.00
2004 36,218,340,000.00
2005 58,354,180,000.00
2006 56,613,710,000.00
2007 29,982,050,000.00
2008 66,501,250,000.00
2009 -16,817,940,000.00
2010 111,078,000,000.00
2011 139,114,000,000.00

External balance on goods and services (constant LCU)

The value for External balance on goods and services (constant LCU) in Venezuela was -16,446,770,000.00 as of 2011. As the graph below shows, over the past 37 years this indicator reached a maximum value of 3,592,538,000.00 in 1974 and a minimum value of -16,925,810,000.00 in 2008.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1974 3,592,538,000.00
1975 2,325,019,000.00
1976 1,808,622,000.00
1977 1,030,322,000.00
1978 946,314,700.00
1979 1,741,911,000.00
1980 1,178,569,000.00
1981 803,009,300.00
1982 210,017,300.00
1983 1,366,350,000.00
1984 1,159,075,000.00
1985 1,103,581,000.00
1986 1,448,504,000.00
1987 1,267,642,000.00
1988 1,122,359,000.00
1989 1,904,885,000.00
1990 2,464,668,000.00
1991 1,952,868,000.00
1992 1,338,727,000.00
1993 1,975,698,000.00
1994 2,771,344,000.00
1995 2,601,847,000.00
1996 3,267,282,000.00
1997 3,050,519,000.00
1998 2,445,494,000.00
1999 2,006,645,000.00
2000 1,512,152,000.00
2001 -387,959,000.00
2002 2,163,790,000.00
2003 2,876,094,000.00
2004 164,652,000.00
2005 -3,323,231,000.00
2006 -8,905,326,000.00
2007 -16,455,250,000.00
2008 -16,925,810,000.00
2009 -13,004,130,000.00
2010 -13,525,200,000.00
2011 -16,446,770,000.00

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Venezuela was 10.25 as of 2011. Its highest value over the past 51 years was 21.97 in 1974, while its lowest value was -11.15 in 1978.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 10.94
1961 13.36
1962 14.08
1963 15.19
1964 10.83
1965 8.83
1966 9.26
1967 8.72
1968 5.12
1969 4.01
1970 4.02
1971 5.56
1972 2.90
1973 8.32
1974 21.97
1975 6.90
1976 0.75
1977 -6.82
1978 -11.15
1979 1.29
1980 6.95
1981 4.93
1982 -2.62
1983 8.31
1984 8.03
1985 6.05
1986 -0.43
1987 -1.93
1988 -6.66
1989 13.04
1990 19.27
1991 5.13
1992 -2.56
1993 -0.22
1994 8.56
1995 5.29
1996 15.19
1997 7.27
1998 -1.76
1999 3.75
2000 11.63
2001 3.33
2002 12.29
2003 17.13
2004 17.03
2005 19.19
2006 14.37
2007 6.06
2008 9.81
2009 -2.38
2010 10.92
2011 10.25

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts