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General profile: Venezuela (Bolivarian Rep. of)

GENERAL INFORMATION FOR 2024
Exchange rate
Population
Population
Exchange rates
GDP
GDP
28.406 Millions
8.677 VED/US$
-
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(u) 882 050 km²
..
6.20 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+83.5 %
Merchandise exports growth rate in 2024
Total merchandise trade
(millions of US$)
2005
2010
2015
2024
Merchandise exports
55 716
65 745
(e) 37 309
(e) 14 310
Merchandise imports
24 027
(e) 39 000
(e) 33 330
(e) 14 910
Merchandise trade balance
31 689
(e) 26 745
(e) 3 979
(e) -600
Export structure by product group in 2024
(as % of total exports)
3 %3 %19 %19 %72 %72 %5 %5 %
Top 5 partners in 2024
(exports, millions of US$)
3 1942 7491 2891 1996733 1942 7491 2891 199673
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2024
Services exports
1 346
1 848
1 635
-
Services imports
5 345
14 336
13 826
-
Services trade balance
-3 999
-12 488
-12 191
-
Services exports by main category²
(as % of total services)
2005
2010
2015
2024
Transport
30.2
30.7
44.0
-
Travel
48.3
45.0
35.2
-
Other services
21.2
24.1
20.6
-
TRADE INDICES
More data on UNCTADstat
8783711001952282502411861732612132081199884100170180184182152128175142130
ECONOMIC TRENDS
More data on UNCTADstat
+6.2 %
Gross domestic product growth rate in 2024
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2024
GDP, current
145 514
393 806
343 661
-
GDP per capita, current US$
5 432
13 668
11 240
-
Real GDP growth, y-on-y, %
10.32
-1.49
-6.22
6.20
Current account balance, % of GDP
17.49
1.42
-4.67
-
Exchange rate (/US$)
0.000
0.000
0.000
8.677
GDP by expenditure in 2023
(as % of total GDP)
93.18.77.216.631.793.18.77.216.631.7
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+1.9 %
FDI outflows as % of GDP in 2024
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2024
FDI inflows
2 589.00
1 574.00
769.00
1 632.58
FDI outflows
1 167.00
2 492.00
399.00
2 603.00
Personal remittances, % of GDP
0.10
0.04
0.04
1.32
Financial flows trends
(millions of US$)
1 836.91 533.71 330.31 199.1982.3842.5480.1167.5133.4134.996.3157.0118.0138.0143.0132.0137.0151.0165.01 633132 3491 2131 504564622-299294769-1 0282 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 indicators²
(as % and index)
2005
2010
2015
2024
Balance, % of GDP
18.77
3.05
-2.49
-
Balance, % of imports
93.09
21.45
-18.15
-
Normalized balance
0.318
0.097
-0.100
-
Trade openness²
(sum of imports and exports as % of GDP)
2721192539454852323551565859
LIVING AREA
Population by living area in 2024
(% of population)
Urban 89%Urban 89%Rural 11%Rural 11%
OTHER INDICATORS
More data on UNCTADstat
0.055 %
Share of the total world merchant fleet in 2024
Maritime transport indicators
 
2005
2010
2015
2024
Merchant fleet, national flag (thousands of DWT)
1 542
1 484
1 821
1 300
Container port throughput (TEU)
..
1 071 686
734 185
..
Information economy indicators
(as % of)
2005
2010
2015
2024
Share of ICT goods, % of total exports
0.02
0.02
-
-
Share of ICT goods, % of total imports
11.89
7.53
-
-
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.
u
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
No value reported or collected
_
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: 02 December 2025