Venezuela, RB: Travel services (% of service exports, BoP)

Key figures

What the numbers say

In 2025, Venezuela, RB's travel services (% of service exports, BoP) fell 4.96 percentage points on 2024 (from 20.53% to 15.57%).

Across the 30 yearly changes before that (1995 to 2024), the average change was −0.97 percentage points and a typical year strayed about 7.64 percentage points from that (the standard deviation). This year's change was 0.5 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 23.38 percentage points in 1984 and the biggest yearly fall was 21.6 percentage points in 2016. 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 there is no clear straight-line trend: a straight line explains 24% 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

In 2025, Venezuela, RB had the 104th highest value of the 134 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

• Kuwait — 100th of 134: 16.71%
• Eswatini — 101st of 134: 16.34%
• Sudan — 102nd of 134: 15.83%
• Suriname — 104th of 134: 14.99%
• Malawi — 105th of 134: 14.92%
• Norway — 106th of 134: 14.88%

What this measures

Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 56 values

Travel services (% of service exports, BoP) in nearby economies

• Antigua and Barbuda — 84.27% (2025)
• Argentina — 26.45% (2025)
• Aruba — 87.83% (2023)
• Bahamas, The — 93.9% (2024)
• Barbados — 70.71% (2017)
• Belize — 68.14% (2025)
• Bolivia — 64.55% (2025)
• Brazil — 19.2% (2025)
• Chile — 29.54% (2025)
• Colombia — 48.42% (2025)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Venezuela, RB's travel services (% of service exports, BoP)?

15.57% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is down 20.4 percentage points from 35.97% in 1970. The highest value was 55.67% in 1996 and the lowest 13.76% in 2016.

How does Venezuela, RB rank?

104th highest of 134 economies with data for 2025.

Is the latest change in travel services (% of service exports, BoP) unusual for Venezuela, RB?

In 2025, Venezuela, RB's travel services (% of service exports, BoP) fell 4.96 percentage points on 2024 (from 20.53% to 15.57%). Across the 30 yearly changes before that (1995 to 2024), the average change was −0.97 percentage points and a typical year strayed about 7.64 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations below 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 BX.GSR.TRVL.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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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