General profile: Venezuela (Bolivarian Rep. of)

GENERAL INFORMATION FOR 2016
Population
Population
Exchange rates
Exchange rate
GDP
GDP
31.519 Millions
9.257 VEF/US$
1 102 270 Millions current US$
Land area
Land area ¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
..
422.23 %
-9.70 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-33.9 %
Merchandise exports growth rate in 2016
Total merchandise trade
(millions of US$)
2005
2010
2015
2016
Merchandise exports
55 716
65 745
(e) 37 240
(e) 24 630
Merchandise imports
24 027
(e) 39 000
(e) 33 000
(e) 13 550
Merchandise trade balance
31 689
(e) 26 745
(e) 4 240
(e) 11 080
Export structure by product group in 2016
(as % of total exports)
7 %7 %17 %17 %77 %77 %
Top 5 partners in 2016
(exports, millions of US$)
8 7054 2643 4991 9801 3028 7054 2643 4991 9801 302
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services ²
(millions of US$)
2005
2010
2015
2016
Services exports
1 346
1 848
1 593
-
Services imports
5 345
14 336
14 300
-
Services trade balance
-3 999
-12 488
-12 707
-
Services exports by main category ²
(as % of total services)
2005
2010
2015
2016
Transport
30.2
30.7
42.5
-
Travel
48.3
45.0
36.1
-
Other services
21.2
24.1
21.2
-
TRADE INDICES
More data on UNCTADstat
838387871671672092092512512062061551551351352072071711711621621421421071078787808080801001001651651461462552552892893223222712712182181721722412411991991771771481481161161071078787838310010083871672092512061551352071711621421078780801001651462552893222712181722411991771481161078783100
ECONOMIC TRENDS
More data on UNCTADstat
-9.7 %
Gross domestic product growth rate in 2016
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2016
GDP, current
145 514
393 806
344 331
1 102 270
GDP per capita, current US$
5 436
13 581
11 069
34 972
Real GDP growth, y-on-y, %
10.32
-1.49
-6.22
-9.70
Current account balance, % of GDP
17.49
1.42
-5.91
..
Exchange rate (/US$)
2.090
2.582
6.284
9.257
GDP by expenditure in 2015
(as % of total GDP)
121.312.942.17.784.0121.312.942.17.784.0
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.1 %
FDI outflows as % of GDP in 2016
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2016
FDI inflows
2 589.00
1 574.00
1 591.00
1 772.00
FDI outflows
1 167.00
2 492.00
-1 119.00
1 362.67
Personal remittances, % of GDP
(g) 0.10
0.04
0.01
..
Financial flows trends
(millions of US$)
104.0104.0117.0117.0120.0120.0118.0118.0138.0138.0143.0143.0132.0132.0137.0137.0151.0151.0165.0165.0148.0148.0143.0143.0208.01 7721 7721 5911 5913203202 6802 6805 9735 9735 7405 7401 5741 574-983-9832 6272 6273 2883 288-508-5082 5892 5891 4831 4832 0402 0407827823 6833 6834 7014 701104.0117.0120.0118.0138.0143.0132.0137.0151.0165.0148.0143.01 7721 5913202 6805 9735 7401 574-9832 6273 288-5082 5891 4832 0407823 6834 701FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators ²
(as % and index)
2005
2010
2015
2016
Balance, % of GDP
19.04
3.22
-3.47
-
Balance, % of imports
94.43
22.65
-23.52
-
Normalized balance
0.321
0.102
-0.133
-
Trade openness ²
(sum of imports and exports as % of GDP)
2639454952323552575859
LABOUR FORCE
More data on UNCTADstat
Labour force by gender in 2016
(as % of total labour force, all sectors)
Male
59%Male 59%Female
41%Female 41%
OTHER INDICATORS
More data on UNCTADstat
0.099 %
Share of the total world merchant fleet in 2016
Maritime transport indicators
 
2005
2010
2015
2016
Merchant fleet, national flag (thousands of DWT)
1 542 000 000
1 483 639 000
1 754 652 000
1 788 572 000
Liner shipping connectivity index (maximum 2004 = 100 for China)
19.90
18.61
12.36
8.46
Container port throughput (TEU)
..
1 226 508
(e) 1 416 970
..
Information economy indicators
(as % of)
2005
2010
2015
2016
Share of ICT goods, % of total exports
0.02
0.02
..
..
Share of ICT goods, % of total imports
11.90
7.57
..
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
g
Break.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 15 September 2017