Venezuela recorded a Current Account deficit of 5113 USD Million in the fourth quarter of 2015. Current Account in Venezuela averaged 2004.87 USD Million from 1990 until 2015, reaching an all time high of 15502.00 USD Million in the third quarter of 2008 and a record low of -6088.00 USD Million in the first quarter of 2015.
Current Account in Venezuela is expected to be -8600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Venezuela to stand at -8600.00 in 12 months time. In the long-term, the Venezuela Current Account is projected to trend around -9000.00 USD Million in 2020, according to our econometric models.