Venezuela, RB: International tourism, expenditures (current US$)

Key figures

What the numbers say

In 2016, Venezuela, RB's international tourism, expenditures (current US$) fell 10.1% on 2015 (from US$3.25 billion to US$2.92 billion).

Across the 20 yearly changes before that (1996 to 2015), the average change was +5.2% and a typical year strayed about 20.8% from that (the standard deviation). This year's change was 0.7 standard deviations below 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 35.7% in 2011 and the biggest yearly fall was 50% in 1997. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2007 to 2016 there is no clear straight-line trend: a straight line explains 18% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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

How it compares

See how every economy compares in the full ranking.

Closest to Venezuela, RB in the 2016 ranking

• Congo, Rep. — 2nd of 5: US$457 million
• French Polynesia — 3rd of 5: US$226 million
• Barbados — 4th of 5: US$99 million

What this measures

International tourism expenditures are expenditures of international outbound visitors in other countries, including payments to foreign carriers for international transport. These expenditures may include those by residents traveling abroad as same-day visitors, except in cases where these are important enough to justify separate classification. For some countries they do not include expenditures for passenger transport items. Data are in current U.S. dollars.

Limitations: Tourism can be either domestic or international. The data refers to international tourism, where the traveler's country of residence differs from the visiting country. International tourism consists of inbound (arrival) and outbound (departures) tourism. The data are from the World Tourism Organization (WTO), a United Nations agency. The data on inbound and outbound tourists refer to the number of arrivals and departures, not to the number of people traveling. Expenditure associated with the activity of international visitors has been traditionally identified with the travel item of the Balance of Payments (BOP).

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 22 values

International tourism, expenditures (current US$) in nearby economies

• Argentina — US$2.75 billion (2020)
• Aruba — US$310 million (2020)
• Bahamas, The — US$166 million (2020)
• Barbados — US$99 million (2016)
• Belize — US$22.04 million (2020)
• Bolivia — US$325 million (2020)
• Brazil — US$6.49 billion (2020)
• Cayman Islands — US$299 million (2019)
• Chile — US$720 million (2020)
• Colombia

More private sector & trade data for Venezuela, RB

• Merchandise trade (% of GDP) — 22.48% (2025)
• Merchandise imports (current US$) — US$13.81 billion (2025)
• Merchandise exports (current US$) — US$8.6 billion (2025)
• Merchandise imports from high-income economies (% of total merchandise imports) — 32.73% (2023)
• Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 40.17% (2023)
• Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) — 34.35% (2023)
• Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) — 27.1% (2023)

Reading data like this

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Questions people ask

What is Venezuela, RB's international tourism, expenditures (current US$)?

US$2.92 billion in 2016, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 57.67% from US$1.85 billion in 1995 (2.19% a year on average, compounded). The highest value was US$5.42 billion in 2013 and the lowest US$1.17 billion in 1997.

Is the latest change in international tourism, expenditures (current US$) unusual for Venezuela, RB?

In 2016, Venezuela, RB's international tourism, expenditures (current US$) fell 10.1% on 2015 (from US$3.25 billion to US$2.92 billion). Across the 20 yearly changes before that (1996 to 2015), the average change was +5.2% and a typical year strayed about 20.8% from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator ST.INT.XPND.CD, licensed CC BY 4.0. Original source: Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files, UN Tourism 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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