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

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 October of 2020. source: IMF

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 161.20 161.20 372.93 150.00 Tonnes [+]
Crude Oil Production 397.00 396.00 3453.00 392.00 BBL/D/1K [+]
Terrorism Index 4.10 3.67 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.