Venezuela - Trade Balance

Venezuelans will head to the polls for legislative elections on 6 December against a backdrop of an economic freefall. Despite a lack of official data, recent evidence suggests that the country’s economic crisis continues to worsen. The bolivar traded in the parallel market fell past 600 VEF per USD in July and dollar shortages combined with soaring inflation have led to large-scale protests and strikes among workers. The government’s popularity has fallen notably in tandem with the economy and early polls show that the fragmented opposition has a chance at winning a majority or two-thirds supermajority in congress. The latter would give the opposition broad powers, including the ability to initiate constitutional reforms and approve certain laws.

Venezuela - Trade Balance Data

2010  2011  2012  2013  2014  
Trade Balance (USD billion)27.2  46.0  38.0  35.9  -     

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Venezuela Trade Balance Chart

Venezuela Trade
Note: Trade balance in USD billion.
Source: Venezuela Central Bank and FocusEconomics calculations.

Venezuela Facts

Bond Yield5.50-6.00 %Jun 19
Exchange Rate6.300.0 %Jul 28
Stock Market15,5383.28 %Jul 28

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