Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

The Venezuelan economy is set to experience another difficult year in 2016 due to low commodity prices and structural macroeconomic imbalances. The economy has taken a turn for the worse since President Nicolás Maduro, in an effort to tackle an ongoing energy crisis, ordered the working week for civil servants to be shortened to two days per week and announced daily power cuts. The measures, which will constrain economic activity even further, have unleashed a wave of looting and rioting across the country. Meanwhile, the political opposition has stepped up their effort to end the president’s term by using all the legal mechanisms at their disposal. The government has responded by imposing numerous hurdles and declaring a state of emergency to thwart any impeachment attempt.

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 %May 19
Exchange Rate10.000.0 %May 27
Stock Market15,4530.67 %May 27

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