Venezuela recorded a Current Account surplus of 9.80 percent of the country's Gross Domestic Product in 2019. source: IMF

Current Account to GDP in Venezuela averaged 4.59 percent from 1980 until 2019, reaching an all time high of 17.70 percent in 2005 and a record low of -9.20 percent in 1988. This page provides - Venezuela Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Current Account to GDP - values, historical data and charts - was last updated on February of 2021.

Current Account to GDP in Venezuela is expected to reach -1.70 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Current Account to GDP is projected to trend around -2.20 percent in 2021 and -2.50 percent in 2022, according to our econometric models.

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Venezuela Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
9.80 8.80 17.70 -9.20 1980 - 2019 percent Yearly

Venezuela Trade Last Previous Highest Lowest Unit
Balance of Trade 5680.00 4887.00 18496.00 -3154.00 USD Million [+]
Current Account 2533.00 2046.00 15700.00 -6580.00 USD Million [+]
Current Account to GDP 9.80 8.80 17.70 -9.20 percent [+]
Imports 2497.00 3370.00 19338.00 1970.00 USD Million [+]
Exports 8627.00 8257.00 31468.00 2995.00 USD Million [+]
External Debt 0.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.22 161.22 372.93 150.22 Tonnes [+]
Crude Oil Production 484.00 441.00 3453.00 392.00 BBL/D/1K [+]
Terrorism Index 3.66 4.10 4.10 0.63 [+]
Foreign Direct Investment 105.00 197.00 3061.00 -1509.00 USD Million [+]


Venezuela Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.