Venezuela - 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 24.40 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 12.29
1961 14.78
1962 15.77
1963 16.86
1964 12.19
1965 9.95
1966 10.53
1967 9.76
1968 5.79
1969 4.60
1970 4.46
1971 6.27
1972 3.30
1973 9.51
1974 24.40
1975 7.87
1976 0.86
1977 -7.95
1978 -13.17
1979 1.49
1980 7.88
1981 5.60
1982 -2.96
1983 9.66
1984 7.51
1985 5.66
1986 -0.42
1987 -1.83
1988 -6.46
1989 12.61
1990 18.64
1991 4.96
1992 -2.47
1993 -0.22
1994 8.29
1995 5.12
1996 14.70
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

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts