Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

The government has had to postpone its surprise decision in December to remove all 100 VEF bills from circulation until at least 20 January, after the announcement resulted in chaos, with widespread looting and rioting reported across the country. The bills make up the bulk of the country’s money supply and the radical measure forms part of the government’s attempts to mend the crisis-stricken economy in the absence of much-needed reforms. President Nicolás Maduro made important changes to his cabinet in January, including a reshuffling in the oil and some economic ministries, though no significant policy change is expected. The most high-profile change was the appointment of a new vice president, which analysts interpret as an attempt to consolidate hard-line chavistas at the helm ahead of a possible recall referendum and presidential elections next year.

Venezuela - Trade Balance Data

2011  2012  2013  2014  2015  
Trade Balance (USD billion)41.2  31.9  31.6  27.2  -     

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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 Yield5.500.0 %Oct 19
Exchange Rate10.000.0 %Jan 23
Stock Market28,2721.12 %Jan 23

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