Exports of Services (BoP, USD) in Venezuela

Exports of services as a part of balance of payment reached 1.29 USD bil in 2016 in Venezuela, according to the National Statistical Office. This is 21.4 % less than in the previous year.

Historically, exports of services as a part of balance of payment in Venezuela reached an all time high of 2.22 USD bil in 2013 and an all time low of 0.139 USD bil in 1970. When compared to Venezuela's main peers, exports of services as a part of balance of payment in Brazil amounted to 33.3 USD bil, 7.77 USD bil in Colombia, 0.166 USD bil in Guyana and 1.03 USD bil in Trinidad and Tobago in 2016.

Venezuela has been ranked 111th within the group of 162 countries we follow in terms of exports of services as a part of balance of payment, 25 places behind the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

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