Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

The Venezuelan government’s decision to suspend the recall referendum has triggered a sharp escalation in the political standoff between the government and the opposition. The growing crisis has increased the prospects of social unrest and compelled foreign political actors including the Pope of the Roman Catholic Church to mediate the conflict. However, no solution is in sight as members of the opposition are boycotting the talks. The political impasse puts mending the collapsing economy on the backburner and suggests that the economic situation will continue worsening. Although the government swapped part of the debt of the state-owned oil company, the swap increases the medium-term debt burden and only postpones the prospect of a debt default in the short-term.

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

ValueChangeDate
Bond Yield5.500.0 %Oct 19
Exchange Rate10.000.0 %Nov 29
Stock Market31,2267.57 %Nov 29

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