Venezuela Total Trade of Goods & Services: % of Nominal GDP

1950 - 2017 | Yearly | % | CEIC Data

Key information about Venezuela Total Trade of Goods and Services: % of Nominal GDP

  • Venezuela Total Trade of Goods & Services: % of Nominal GDP recorded 67.150 % in Dec 2017, compared with 59.408 % in the previous year.
  • Venezuela Total Trade of Goods & Services: % of Nominal GDP data is updated yearly, available from Dec 1950 to Dec 2017, with an averaged value of 53.040 %.
  • The data reached an all-time high of 99.739 % in Dec 2015 and a record low of 38.521 % in Dec 2009.

CEIC calculates annual Total Trade of Goods and Services as % of Nominal GDP from annual Total Trade of Goods and Services and annual Nominal GDP. The Central Bank of Venezuela provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency, both based on SNA 1993. Total Trade of Goods and Services as % of Nominal GDP prior to 1997 is calculated from Nominal GDP and Total Trade of Goods and Services both sourced from the International Monetary Fund.

View Venezuela's Total Trade of Goods & Services: % of Nominal GDP from 1950 to 2017 in the chart:

Venezuela Total Trade of Goods & Services: % of Nominal GDP

What was Venezuela's Total Trade of Goods & Services: % of Nominal GDP in 2017?

Venezuela Total Trade of Goods & Services: % of Nominal GDP recorded 67.150 % in Dec 2017, compared with 59.408 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
67.150 2017 59.408 2016 38.521 2009 99.739 2015 % yearly 1950 - 2017

Total Trade of Goods & Services: % of Nominal GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 75.855 Jun 2024 quarterly Mar 2008 - Jun 2024
Algeria (%) 46.195 2023 yearly 1950 - 2023
Argentina (%) 28.090 Jun 2024 quarterly Mar 1993 - Jun 2024
Armenia (%) 175.931 Jun 2024 quarterly Dec 1994 - Jun 2024
Australia (%) 45.089 Jun 2024 quarterly Sep 1959 - Jun 2024
Austria (%) 108.409 Jun 2024 quarterly Mar 1964 - Jun 2024
Azerbaijan (%) 79.056 Mar 2024 quarterly Mar 2001 - Mar 2024
Bahrain (%) 166.346 2022 yearly 1975 - 2022
Bangladesh (%) 28.888 2024 yearly 1960 - 2024
Belarus (%) 133.539 Jun 2024 quarterly Mar 1995 - Jun 2024
Belgium (%) 161.369 Jun 2024 quarterly Mar 1980 - Jun 2024
Bolivia (%) 48.213 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (%) 89.713 Jun 2024 quarterly Mar 2008 - Jun 2024
Botswana (%) 68.508 Jun 2024 quarterly Mar 1994 - Jun 2024
Brazil (%) 35.995 Jun 2024 quarterly Mar 1996 - Jun 2024
Brunei (%) 136.661 Jun 2024 quarterly Mar 2004 - Jun 2024
Bulgaria (%) 109.216 Sep 2024 quarterly Mar 1995 - Sep 2024
Cambodia (%) 145.874 2022 yearly 1988 - 2022
Canada (%) 67.747 Jun 2024 quarterly Mar 1961 - Jun 2024
Chile (%) 65.558 Sep 2024 quarterly Mar 1990 - Sep 2024
China (%) 38.986 Sep 2024 quarterly Mar 1998 - Sep 2024
Colombia (%) 37.049 Sep 2024 quarterly Mar 2005 - Sep 2024
Croatia (%) 104.813 Jun 2024 quarterly Mar 1995 - Jun 2024
Cyprus (%) 195.945 Jun 2024 quarterly Mar 1995 - Jun 2024
Czech Republic (%) 130.936 Jun 2024 quarterly Mar 1995 - Jun 2024
Denmark (%) 126.961 Jun 2024 quarterly Mar 1977 - Jun 2024
Ecuador (%) 57.813 Jun 2024 quarterly Mar 1991 - Jun 2024
Egypt (%) 52.182 Jun 2024 quarterly Sep 2001 - Jun 2024
Estonia (%) 153.058 Jun 2024 quarterly Mar 1995 - Jun 2024
European Union (%) 98.511 Jun 2024 quarterly Mar 1995 - Jun 2024
Finland (%) 83.493 Jun 2024 quarterly Mar 1970 - Jun 2024
France (%) 67.119 Sep 2024 quarterly Mar 1975 - Sep 2024
Georgia (%) 104.752 Jun 2024 quarterly Mar 1996 - Jun 2024
Germany (%) 81.411 Jun 2024 quarterly Mar 1991 - Jun 2024
Ghana (%) 69.037 2023 yearly 1983 - 2023
Greece (%) 95.175 Jun 2024 quarterly Mar 1995 - Jun 2024
Hong Kong SAR, China (%) 358.634 Sep 2024 quarterly Mar 1973 - Sep 2024
Hungary (%) 141.495 Jun 2024 quarterly Mar 1995 - Jun 2024
Iceland (%) 87.209 Jun 2024 quarterly Mar 1995 - Jun 2024
India (%) 45.391 Jun 2024 quarterly Jun 1996 - Jun 2024
Indonesia (%) 43.294 Sep 2024 quarterly Mar 1993 - Sep 2024
Iran (%) 51.598 2022 yearly 1959 - 2022
Ireland (%) 276.030 Jun 2024 quarterly Mar 1995 - Jun 2024
Israel (%) 54.129 Sep 2024 quarterly Mar 1995 - Sep 2024
Italy (%) 67.611 Jun 2024 quarterly Mar 1980 - Jun 2024
Ivory Coast (%) 47.669 2023 yearly 1960 - 2023
Japan (%) 47.451 Sep 2024 quarterly Mar 1955 - Sep 2024
Jordan (%) 80.489 2021 yearly 1967 - 2021
Kazakhstan (%) 43.521 Dec 2023 quarterly Mar 1994 - Dec 2023
Kenya (%) 32.092 2023 yearly 1964 - 2023
South Korea (%) 85.828 Jun 2024 quarterly Mar 1960 - Jun 2024
Kosovo (%) 108.462 Jun 2024 quarterly Mar 2010 - Jun 2024
Kuwait (%) 90.702 2022 yearly 1962 - 2022
Kyrgyzstan (%) 98.747 Sep 2016 quarterly Mar 2000 - Sep 2016
Laos (%) 75.092 2016 yearly 1984 - 2016
Latvia (%) 128.834 Jun 2024 quarterly Mar 1992 - Jun 2024
Lebanon (%) 87.417 2020 yearly 1990 - 2020
Lithuania (%) 145.091 Jun 2024 quarterly Mar 1995 - Jun 2024
Luxembourg (%) 388.449 Jun 2024 quarterly Mar 1995 - Jun 2024
Macau SAR, China (%) 130.716 Sep 2024 quarterly Mar 1998 - Sep 2024
North Macedonia (%) 152.070 Jun 2024 quarterly Mar 2000 - Jun 2024
Malawi (%) 46.122 2019 yearly 1960 - 2019
Malaysia (%) 139.674 Sep 2024 quarterly Mar 1991 - Sep 2024
Malta (%) 226.380 Jun 2024 quarterly Mar 1992 - Jun 2024
Mauritius (%) 106.580 Jun 2024 quarterly Mar 1999 - Jun 2024
Mexico (%) 70.184 Jun 2024 quarterly Mar 1993 - Jun 2024
Moldova (%) 93.077 Jun 2024 quarterly Mar 1995 - Jun 2024
Mongolia (%) 149.099 Sep 2024 quarterly Mar 2005 - Sep 2024
Montenegro (%) 111.092 Jun 2024 quarterly Mar 2010 - Jun 2024
Morocco (%) 97.106 Jun 2024 quarterly Mar 2007 - Jun 2024
Mozambique (%) 105.628 2023 yearly 1991 - 2022
Myanmar (%) 49.145 2019 yearly 2019 - 2019
Nepal (%) 41.638 2024 yearly 1969 - 2024
Netherlands (%) 159.175 Sep 2024 quarterly Mar 1987 - Sep 2024
New Zealand (%) 51.590 Jun 2024 quarterly Jun 1987 - Jun 2024
Nigeria (%) 39.325 Dec 2023 quarterly Mar 2010 - Dec 2023
Norway (%) 80.118 Jun 2024 quarterly Mar 1978 - Jun 2024
Oman (%) 95.667 2021 yearly 1980 - 2021
Pakistan (%) 26.922 2024 yearly 2000 - 2024
Palestinian Territory (%) 85.959 Jun 2024 quarterly Mar 2011 - Jun 2024
Panama (%) 89.533 2023 yearly 1960 - 2023
Paraguay (%) 82.292 Jun 2024 quarterly Mar 1994 - Jun 2024
Peru (%) 48.894 Jun 2024 quarterly Mar 1980 - Jun 2024
Philippines (%) 73.650 Sep 2024 quarterly Mar 1981 - Sep 2024
Poland (%) 103.888 Jun 2024 quarterly Mar 2002 - Jun 2024
Portugal (%) 93.062 Jun 2024 quarterly Mar 1977 - Jun 2024
Qatar (%) 92.001 Sep 2023 quarterly Mar 2013 - Sep 2023
Romania (%) 80.483 Jun 2024 quarterly Mar 1995 - Jun 2024
Russia (%) 40.094 Jun 2024 quarterly Mar 1995 - Jun 2024
Saudi Arabia (%) 60.972 Jun 2024 quarterly Mar 2003 - Jun 2024
Serbia (%) 121.015 Jun 2024 quarterly Mar 1995 - Jun 2024
Singapore (%) 310.244 Jun 2024 quarterly Mar 1975 - Jun 2024
Slovakia (%) 174.223 Jun 2024 quarterly Mar 1990 - Jun 2024
Slovenia (%) 154.951 Sep 2024 quarterly Mar 1995 - Sep 2024
South Africa (%) 61.390 Jun 2024 quarterly Mar 1960 - Jun 2024
Spain (%) 70.718 Jun 2024 quarterly Mar 1980 - Jun 2024
Sri Lanka (%) 42.093 Jun 2024 quarterly Mar 2010 - Jun 2024
Sudan (%) 41.299 2019 yearly 1996 - 2019
Sweden (%) 103.911 Jun 2024 quarterly Mar 1980 - Jun 2024
Switzerland (%) 132.846 Jun 2024 quarterly Mar 1980 - Jun 2024

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Venezuela Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.9 2012 yearly 1998 - 2012
National Government Debt (USD mn) 105,131.7 2016 yearly 1996 - 2016
Government Debt: % of GDP (%) 3.5 2016 yearly 1997 - 2016
Forecast: Government Expenditure (VED bn) 437.177 2023 yearly 2018 - 2023
Forecast: Government Net Debt (VED bn) 4,250.801 2023 yearly 2018 - 2023
Forecast: Government Revenue (VED bn) 314.569 2023 yearly 2019 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 14.278 2024 yearly 1983 - 2024
Trade Balance (USD mn) -3,437.1 Oct 2014 monthly Jan 1994 - Oct 2014
Total Exports (USD mn) 196.9 Oct 2014 monthly Jan 1994 - Oct 2014
Total Exports Growth (%) 37.5 Oct 2014 monthly Jan 1995 - Oct 2014
Aluminum: Exports (USD th) 25,910.884 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,636.250 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 14,897.401 2023 yearly 1995 - 2023
Total Imports (USD mn) 3,634.0 Oct 2014 monthly Jan 1994 - Oct 2014
Total Imports Growth (%) -12.8 Oct 2014 monthly Jan 1995 - Oct 2014
Imports: Medicament (USD th) 439,780.789 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 366,403.144 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 607.571 Jul 2024 monthly Jan 1981 - Jul 2024
Total Imports from USA (USD mn) 265.986 Jul 2024 monthly Jan 1981 - Jul 2024
Total Exports to China (USD mn) 35.081 Jul 2024 monthly Jan 2000 - Jul 2024
Total Imports from China (USD mn) 531.361 Jul 2024 monthly Jan 2000 - Jul 2024
Exports: ytd: Netherlands (USD mn) 210.219 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Transportation (USD mn) 143.917 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Mexico (USD mn) 31.886 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Mineral Product (USD mn) 577.323 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Metal (USD mn) 227.068 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Chemical Product (USD mn) 1,016.192 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Ecuador (USD mn) 8.988 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Colombia (USD mn) 240.059 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Electrical Equipment (USD mn) 19.331 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: United States (USD mn) 647.531 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Colombia (USD mn) 1,758.351 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Mineral (USD mn) 1,074.772 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Brazil (USD mn) 3,405.413 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Agricultural (Vegetal) (USD mn) 4,399.031 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Food, Beverages and Tobacco (USD mn) 2,281.712 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Plastic and Manufacturing Product (USD mn) 1,562.038 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Germany (USD mn) 862.891 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: China (USD mn) 4,614.360 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: United States (USD mn) 7,699.659 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Paper (USD mn) 610.290 Oct 2014 monthly Jan 1998 - Oct 2014
Import Value Index (2015=100) 23.312 2021 yearly 1980 - 2021
Export Value Index (2015=100) 9.582 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 234.0 Mar 2019 quarterly Mar 1994 - Mar 2019
Current Account Balance (USD mn) 2,533.0 Mar 2019 quarterly Mar 1994 - Mar 2019
Current Account Balance: % of GDP (%) 0.0 2017 yearly 1970 - 2017
Foreign Direct Investment (USD mn) 105.0 Mar 2019 quarterly Mar 1994 - Mar 2019
Foreign Direct Investment: % of GDP (%) -0.0 2017 yearly 1970 - 2017
Foreign Portfolio Investment (USD mn) 581.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Foreign Portfolio Investment: % of GDP (%) -0.0 2017 yearly 1997 - 2017
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Mar 2019 quarterly Mar 1997 - Mar 2019
Foreign Portfolio Investment: Debt Securities (USD mn) 581.000 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt (USD mn) 110,159.0 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: % of GDP (%) 0.6 2017 yearly 1997 - 2017
External Debt: Short Term (USD mn) 44,489.0 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: Short Term: % of GDP (%) 0.2 2017 yearly 1997 - 2017
Forecast: Current Account Balance (USD bn) 3.682 2025 yearly 1980 - 2025
Net International Investment Position (USD mn) 110,721.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account (USD mn) -1,617.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Capital Account (USD mn) 0.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Current Account: Goods (USD mn) 5,680.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Portfolio Investment: Liabilities (USD mn) 581.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Portfolio Investment (USD mn) 585.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Current Account: Income (USD mn) -1,975.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Reserves: Assets (USD mn) -325.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Direct Investment (USD mn) -129.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Other Investment (USD mn) -2,073.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Portfolio Investment: Assets (USD mn) 4.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Current Account: Services (USD mn) -1,663.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Net Errors and Omissions (USD mn) -620.000 Mar 2019 quarterly Mar 1997 - Mar 2019
International Investment Position (IIP) (USD mn) 110,721.000 Mar 2019 quarterly Mar 1997 - Mar 2019
IIP: Assets (USD mn) 220,971.000 Mar 2019 quarterly Mar 1997 - Mar 2019
IIP: Liabilities (USD mn) 110,250.000 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: Private: Total (USD mn) 18,645.000 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: Public: Total (USD mn) 91,514.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.3 Jul 2018 monthly Jan 2004 - Jul 2018
Household Debt: % of GDP (%) 3.4 2017 yearly 2004 - 2017
Non-Performing Loans (USD mn) 6.427 Mar 2023 monthly Jan 2004 - Mar 2023
Money Supply M1 (USD mn) 3,388.944 Oct 2024 monthly Jan 1996 - Oct 2024
Money Supply M2 (USD mn) 3,392.563 Oct 2024 monthly Jan 1996 - Oct 2024
M2 Growth (%) 152.0 Oct 2024 monthly Jan 1997 - Oct 2024
Reserve Requirement Ratio (%) 73.0 Oct 2024 monthly Jan 2004 - Oct 2024
Foreign Exchange Reserves (USD mn) 10,778.0 Oct 2024 monthly Dec 1961 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 0.048 2017 yearly 1995 - 2017
Foreign Exchange Reserves: Months of Import (NA) 6.0 Jul 2024 monthly Jan 1981 - Jul 2024
Gold Reserves (USD mn) 4,497.791 Sep 2024 monthly Dec 1950 - Sep 2024
Total Deposits (USD mn) 159.256 Mar 2023 monthly Jan 2005 - Mar 2023
Total Deposits Growth (%) 344.5 Mar 2023 monthly Jan 2006 - Mar 2023
Domestic Credit (USD mn) 279,943.9 Aug 2014 monthly Jan 1966 - Aug 2014
Domestic Credit Growth (%) 70.2 Aug 2014 monthly Jan 1967 - Aug 2014
Household Debt (USD mn) 27.5 Mar 2023 monthly Jan 2004 - Mar 2023
Total Loans (USD mn) 881.730 Mar 2023 monthly Jan 2004 - Mar 2023
Total Loans Growth (%) 1,260.58 Mar 2023 monthly Jan 2005 - Mar 2023
Private Debt: % of Nominal GDP (%) 39.51 2014 yearly 1960 - 2014
International Reserve: Total (USD mn) 10,778.000 Oct 2024 monthly Jan 1996 - Oct 2024

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