Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

The slump in oil prices has brought Venezuela to the brink of collapse. Dwindling oil revenues have exacerbated structural weaknesses in the economy, which have blown into an unprecedented social, political and economic crisis. In the absence of structural reforms and without a resolution to the political impasse, the country is set for another challenging year. While the dearth of real sector and inflation data from 2016 makes any assessment of the economy difficult, available data suggests that the economic prospects remain bleak: car sales contracted sharply in January and attempts by the government to alleviate volatility in the FX market have failed so far. Another triple-digit increase in the money supply in December suggests that inflation will keep spiralling out of control, increasing fears of hyperinflation in the oil-rich country.

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 %Aug 19
Exchange Rate10.000.0 %Feb 16
Stock Market34,9321.88 %Feb 16

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