Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

The newly-elected National Assembly took office on 5 January. Even though the political opposition secured a two-thirds majority, which enables the opposition to push for sweeping reforms, the prospects of political and economic change are uncertain. Prior to the opposition-controlled Assembly being sworn in, the government approved numerous bills that undermine the Assembly’s power to push for reform or tackle the current economic crisis. Meanwhile, on 15 January, President Nicolás Maduro declared a 60-day economic state of emergency that allows him to rule by decree. The measure was announced hours before delivering the first State of the Nation address to the Assembly in 17 years in which he declared that inflation in September soared to 141.5% and GDP contracted by 7.1% in Q3 2015 compared to the previous year. The decree grants the President sweeping power to combat shortages of goods and ballooning inflation.

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 Yield5.50496.5 %Jan 19
Exchange Rate6.300.0 %Feb 10
Stock Market14,5831.47 %Feb 10

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