Venezuela - Transport services (% of service exports, BoP)

Transport services (% of service exports, BoP) in Venezuela was 45.76 as of 2016. Its highest value over the past 46 years was 49.52 in 1988, while its lowest value was 23.55 in 1998.

Definition: Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1970 40.72
1971 35.88
1972 34.21
1973 31.09
1974 31.35
1975 33.57
1976 33.84
1977 40.02
1978 45.55
1979 44.26
1980 41.05
1981 49.11
1982 44.82
1983 43.91
1984 32.97
1985 32.69
1986 33.31
1987 33.75
1988 49.52
1989 43.24
1990 38.62
1991 43.15
1992 47.78
1993 38.04
1994 37.07
1995 34.66
1996 31.86
1997 28.38
1998 23.55
1999 28.32
2000 32.72
2001 28.99
2002 31.07
2003 36.05
2004 32.29
2005 30.16
2006 28.17
2007 35.31
2008 35.16
2009 33.40
2010 30.74
2011 33.73
2012 32.41
2013 35.83
2014 33.15
2015 44.04
2016 45.76

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments