Trade Balance in Venezuela
Venezuela - Trade BalanceThe 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
|Trade Balance (USD billion)||41.2||31.9||31.6||27.2||-|
5 years of economic forecasts for more than 30 economic indicators.
Venezuela Trade Balance Chart
Source: Venezuela Central Bank and FocusEconomics calculations.
|Bond Yield||5.50||0.0 %||Oct 19|
|Exchange Rate||10.00||0.0 %||Nov 29|
|Stock Market||31,226||7.57 %||Nov 29|
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November 7, 2016
The bond swap saga of Venezuela’s state-owned oil company (PDVSA) came to an end on 24 October.
November 4, 2016
The bolivar has depreciated sharply in the parallel market since late September.
November 3, 2016
Given the lack of official data for inflation in Venezuela, different indicators from official and non-official sources are used as proxies to measure the evolution of price levels. FocusEconomics Consensus Forecast panelists estimate that inflation jumped from 368.1% at the end of Q2 to 448.8% at the end of Q3.
November 3, 2016
In October, the average price of Venezuela’s mix of crude oil rose 11.3% from the previous month to USD 42.6 per barrel.
October 11, 2016
In late September, the Venezuelan government modified the long-awaited bond swap offer it had first presented on 16 September, which had been in the offing for months.