Venezuela, RB: Export value index (2015 = 100)

Key figures

What the numbers say

In 2024, Venezuela, RB's export value index (2015 = 100) rose 17.5 on 2023 (from 20.9 to 38.4).

Across the 18 yearly changes before that (2006 to 2023), the average change was −7.13 and a typical year strayed about 46.48 from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 72.6 in 2011 and the biggest yearly fall was 100.3 in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is downward, about 9.43 a year. A straight line explains 64% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Venezuela, RB had the 203rd highest value of the 204 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Venezuela, RB in the 2024 ranking

• Gibraltar — 200th of 204: 46.8
• Yemen, Rep. — 201st of 204: 44.1
• Palau — 202nd of 204: 42.6
• Korea, Dem. People's Rep. — 204th of 204: 8.9

What this measures

Export values are the current value of exports (f.o.b.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's export value indexes are reported for most economies.

All 20 values

Export value index (2015 = 100) in nearby economies

• Antigua and Barbuda — 47.5 (2024)
• Argentina — 140.4 (2024)
• Aruba — 49.9 (2024)
• Bahamas, The — 159.1 (2024)
• Barbados — 95.4 (2024)
• Belize — 95.4 (2024)
• Bolivia — 103.8 (2024)
• Brazil — 180.4 (2024)
• British Virgin Islands — 56.1 (2024)
• Cayman Islands — 91 (2024)
• Chile — 159.9 (2024)

More trade data for Venezuela, RB

• Tariff rate, applied, simple mean, manufactured products (%) — 13% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 15.25% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 13.81% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 15.71% (2022)
• Tariff rate, applied, simple mean, all products (%) — 12.74% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 13.99% (2022)
• Tariff rate, applied, weighted mean, all products (%) — 12.84% (2022)
• Tariff rate, most favored nation, weighted mean, all products (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Venezuela, RB's export value index (2015 = 100)?

38.4 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is down 74.28% from 149.3 in 2005 (6.9% a year on average, compounded). The highest value was 260.9 in 2012 and the lowest 9.5 in 2021.

How does Venezuela, RB rank?

203rd highest of 204 economies with data for 2024.

Is the latest change in export value index (2015 = 100) unusual for Venezuela, RB?

In 2024, Venezuela, RB's export value index (2015 = 100) rose 17.5 on 2023 (from 20.9 to 38.4). Across the 18 yearly changes before that (2006 to 2023), the average change was −7.13 and a typical year strayed about 46.48 from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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