Venezuela, RB's external balance on goods and services (current LCU) was 790.65 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 3.53 trillion% from 22.4 in 2015 (1,034% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 790.65 billion | 2025 |
| Five years earlier | -11.17 million | 2020 |
| Ten years earlier | 22.4 | 2015 |
| Highest | 790.65 billion | 2025 |
| Lowest | -11.17 million | 2020 |
| Average since 2016 | 142.58 billion | 2016–2025 |
| First recorded | 0.0000315 |
What the numbers say
In 2025, Venezuela, RB's external balance on goods and services (current LCU) rose 431.67 billion on 2024 (from 358.98 billion to 790.65 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +11.97 billion and a typical year strayed about 43.7 billion from that (the standard deviation). This year's change was 9.6 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 431.67 billion in 2025 and the biggest yearly fall was 375.86 million in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 66.28 billion a year. A straight line explains 59% 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 2025, Venezuela, RB had the 18th highest value of the 137 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 2025 ranking
- Chad — 15th of 137: 1.59 trillion
- Equatorial Guinea — 16th of 137: 1.35 trillion
- Burkina Faso — 17th of 137: 800.13 billion
- Thailand — 19th of 137: 736.66 billion
- Norway — 20th of 137: 645.18 billion
- Czechia — 21st of 137: 500.62 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 66 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2025 | 790,653,000,000 |
| 2024 | 358,983,600,000 |
| 2023 | 243,220,100,000 |
| 2022 | 29,847,010,000 |
| 2021 | 2,728,030,000 |
| 2020 | -11,165,000 |
| 2019 | 364,692,000 |
| 2018 | 1,923,000 |
| 2017 | 837 |
| 2016 | 75.4 |
External balance on goods and services (current LCU) in nearby economies
- Argentina — 6.33 trillion (2025)
- Aruba — 581.8 million (2024)
- Bahamas, The — -581.9 million (2024)
- Belize — 94.46 million (2024)
- Bolivia — -15.58 billion (2024)
- Brazil — 44.58 billion (2025)
- Chile — 14.08 trillion (2025)
- Colombia — -100.13 trillion (2025)
- Costa Rica — 3.22 trillion (2025)
- Cuba
More economic policy & debt data for Venezuela, RB
- Final consumption expenditure (current US$) — US$88.98 billion (2025)
- Final consumption expenditure (current LCU) — 14.72 trillion (2025)
- Final consumption expenditure (% of GDP) — 89.28% (2025)
- Gross national expenditure (current US$) — US$94.88 billion (2025)
- Gross national expenditure (current LCU) — 15.7 trillion (2025)
- Gross national expenditure (% of GDP) — 95.21% (2025)
- Exports of goods and services (current US$) — US$14.85 billion (2025)
- Exports of goods and services (current LCU) — 2.46 trillion (2025)
- Exports of goods and services (% of GDP) — 14.9% (2025)
Reading data like this
Questions people ask
- What is Venezuela, RB's external balance on goods and services (current LCU)?
- 790.65 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 2,507,064.72 trillion% from 0.0000315 in 1960 (78.77% a year on average, compounded). The highest value was 790.65 billion in 2025 and the lowest -11.17 million in 2020.
- How does Venezuela, RB rank?
- 18th highest of 137 economies with data for 2025.
- Is the latest change in external balance on goods and services (current LCU) unusual for Venezuela, RB?
- In 2025, Venezuela, RB's external balance on goods and services (current LCU) rose 431.67 billion on 2024 (from 358.98 billion to 790.65 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +11.97 billion and a typical year strayed about 43.7 billion from that (the standard deviation). This year's change was 9.6 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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