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 ($70,922,060,000) as of 2014. Over the past 54 years, the value for this indicator has fluctuated between $42,951,840,000 in 2010 and ($70,922,060,000) in 2014.

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 $955,666,700
1961 $1,209,970,000
1962 $1,411,061,000
1963 $1,644,333,000
1964 $986,909,100
1965 $838,644,400
1966 $924,688,900
1967 $903,177,800
1968 $580,600,000
1969 $473,111,100
1970 $516,111,100
1971 $813,750,000
1972 $461,863,600
1973 $1,620,302,000
1974 $6,368,744,000
1975 $2,160,419,000
1976 $270,069,800
1977 ($2,880,558,000)
1978 ($5,176,000,000)
1979 $720,139,500
1980 $4,658,419,000
1981 $3,713,233,000
1982 ($2,002,884,000)
1983 $6,526,279,000
1984 $4,505,700,000
1985 $3,506,507,000
1986 ($251,246,900)
1987 ($877,193,100)
1988 ($3,892,310,000)
1989 $5,490,553,000
1990 $9,060,386,000
1991 $2,652,845,000
1992 ($1,493,833,000)
1993 ($129,529,700)
1994 $4,841,353,000
1995 $3,963,416,000
1996 $10,367,160,000
1997 $6,243,387,000
1998 ($1,605,986,000)
1999 $3,677,256,000
2000 $13,624,890,000
2001 $4,092,696,000
2002 $11,417,950,000
2003 $14,324,020,000
2004 $19,149,970,000
2005 $27,923,340,000
2006 $26,368,750,000
2007 $13,964,630,000
2008 $31,008,690,000
2009 ($7,841,993,000)
2010 $42,951,840,000
2011 $32,432,800,000
2012 $7,391,086,000
2013 ($17,614,650,000)
2014 ($70,922,060,000)

External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Venezuela was -445,688,000,000 as of 2014. As the graph below shows, over the past 54 years this indicator reached a maximum value of 139,114,000,000 in 2011 and a minimum value of -445,688,000,000 in 2014.

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 3,153,700
1961 3,992,900
1962 4,656,500
1963 5,426,300
1964 4,342,400
1965 3,773,900
1966 4,161,100
1967 4,064,300
1968 2,612,700
1969 2,129,000
1970 2,322,500
1971 3,580,500
1972 2,032,200
1973 6,967,300
1974 27,385,600
1975 9,289,800
1976 1,161,300
1977 -12,386,400
1978 -22,256,800
1979 3,096,600
1980 20,031,200
1981 15,966,900
1982 -8,612,400
1983 28,063,000
1984 31,539,900
1985 26,298,800
1986 -2,035,100
1987 -12,719,300
1988 -56,438,500
1989 190,522,200
1990 424,932,100
1991 150,681,600
1992 -102,178,200
1993 -11,761,300
1994 718,940,900
1995 700,732,000
1996 4,326,216,000
1997 3,050,519,000
1998 -879,438,000
1999 2,227,314,000
2000 9,264,927,000
2001 2,961,884,000
2002 13,255,100,000
2003 22,992,920,000
2004 36,218,340,000
2005 58,354,180,000
2006 56,613,710,000
2007 29,982,050,000
2008 66,501,250,000
2009 -16,817,940,000
2010 111,078,000,000
2011 139,114,000,000
2012 31,702,580,000
2013 -106,628,000,000
2014 -445,688,000,000

External balance on goods and services (constant LCU)

The value for External balance on goods and services (constant LCU) in Venezuela was -22,326,660,000 as of 2012. As the graph below shows, over the past 38 years this indicator reached a maximum value of 10,138,300,000 in 1974 and a minimum value of -22,326,660,000 in 2012.

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 10,138,300,000
1975 6,561,308,000
1976 5,104,014,000
1977 2,907,614,000
1978 2,670,543,000
1979 4,915,751,000
1980 3,325,977,000
1981 2,266,128,000
1982 592,679,300
1983 3,855,903,000
1984 3,270,962,000
1985 3,114,356,000
1986 4,087,744,000
1987 3,577,343,000
1988 3,167,348,000
1989 5,375,671,000
1990 6,955,406,000
1991 5,511,081,000
1992 3,777,947,000
1993 5,575,509,000
1994 7,820,857,000
1995 7,342,530,000
1996 9,220,418,000
1997 3,050,519,000
1998 2,445,494,000
1999 2,006,645,000
2000 1,512,152,000
2001 -387,959,000
2002 2,163,790,000
2003 2,876,094,000
2004 164,652,000
2005 -3,323,231,000
2006 -8,905,326,000
2007 -16,455,250,000
2008 -16,925,810,000
2009 -13,004,130,000
2010 -13,525,200,000
2011 -16,446,770,000
2012 -22,326,660,000

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Venezuela was -14.70 as of 2014. Its highest value over the past 54 years was 21.97 in 1974, while its lowest value was -14.70 in 2014.

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
2012 1.94
2013 -4.75
2014 -14.70

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts