Imports of Services (BoP, USD) in Venezuela

Imports of services as a part of balance of payment reached 9.47 USD bil in 2016 in Venezuela, according to the National Statistical Office. This is 31.5 % less than in the previous year.

Historically, imports of services as a part of balance of payment in Venezuela reached an all time high of 19.4 USD bil in 2012 and an all time low of 0.525 USD bil in 1970. When compared to Venezuela's main peers, imports of services as a part of balance of payment in Brazil amounted to 63.7 USD bil, 11.3 USD bil in Colombia, 0.447 USD bil in Guyana and 2.84 USD bil in Trinidad and Tobago in 2016.

Venezuela has been ranked 61st within the group of 162 countries we follow in terms of imports of services as a part of balance of payment, 4 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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