Venezuela - Trade Balance

Venezuela’s data drought continues. The Central Bank still has not released GDP figures for Q4 2014 or inflation data since December, amplifying speculation that the country’s economic decline has worsened this year. Recent evidence suggests that inflation continued to soar in June and the bolivar traded in the parallel market is rapidly approaching 700 VEF per USD amid increasing dollar shortages. Against this backdrop, the country is gearing up for congressional elections in December of this year. The government’s popularity has fallen notably in tandem with the economy and early polls show that the fragmented opposition has a chance at winning a majority in congress. However, skepticism over how credibly the upcoming elections will be conducted has increased in the past month. In July, members of the opposition, including leader María Machado, were banned from running in the election, a move that resulted in international criticism and fueled domestic protests against the government.

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 Yield5.50186.8 %Aug 19
Exchange Rate6.300.0 %Aug 25
Stock Market14,876-0.32 %Aug 25

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