Venezuela Current Account to GDP

Venezuela recorded a Current Account surplus of 6 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Venezuela averaged 4.38 percent from 1980 until 2018, reaching an all time high of 17.70 percent in 2005 and a record low of -9.20 percent in 1988.

Current Account to GDP in Venezuela is expected to be 2.00 percent by the end of this quarter, 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 2020, according to our econometric models.

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Venezuela Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-782.00	3330.00	17732.00	-2015.00	USD Million	[+]
Current Account	-5113.00	-5050.00	15502.00	-6088.00	USD Million	[+]
Current Account to GDP	6.00	6.10	17.70	-9.20	percent	[+]
Imports	9576.00	8778.00	17841.00	1970.00	USD Million	[+]
Exports	8483.00	12108.00	30743.00	2995.00	USD Million	[+]
External Debt	0.00	0.00	2189.00	0.00	USD Million	[+]
Gold Reserves	161.20	161.20	372.93	150.00	Tonnes	[+]
Crude Oil Production	1037.00	960.00	3453.00	594.00	BBL/D/1K	[+]
Terrorism Index	3.67	3.63	3.67	0.63		[+]
Foreign Direct Investment	-558.00	736.00	3061.00	-1509.00	USD Million	[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

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. This page provides - Venezuela Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	6.00	6.10	17.70	-9.20	1980 - 2018	percent	Yearly

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	3.00	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.60	Dec/17	-2.1	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-3.00	Dec/17	-3.3	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
South Africa	-3.50	Dec/18	-2.5	6 : -7.5	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%