Venezuela - Trade BalanceAs Venezuela’s congressional election approaches, evidence suggests the country’s economic situation is worsening. While the data drought continues—the Central Bank still has not released GDP figures for Q4 2014 or inflation data since December—the bolivar traded in the parallel market surpassed 700 VEF per USD in September and evidence suggests that shortages of basic goods are increasing and inflation is rising. Moreover, local reports of looting have increased in recent months pointing to high social tension ahead of the elections. The government’s popularity has fallen notably and early polls show that the fragmented opposition has a chance of winning a majority in Congress. However, Venezuela’s electoral structure favors rural areas, which traditionally support the government, suggesting that even if the opposition garners over 50% of the national vote it may not be able to unseat the government.
Venezuela - Trade Balance Data
|Trade Balance (USD billion)||27.2||46.0||38.0||35.9||-|
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||186.8 %||Aug 19|
|Exchange Rate||6.30||0.0 %||Oct 01|
|Stock Market||11,795||-0.66 %||Oct 01|
See all the data and analysis available in each of our Regional and Country reports.
September 14, 2015
In August, the average price of Venezuela’s mix of crude oil declined 18.6% over the previous month, falling from USD 49.4 per barrel in July to USD 40.2 per barrel.
September 11, 2015
Annual car sales fell 30.6% over the same month last year and totaled 1,167 units in August, according to figures from the Venezuelan Automotive Chamber (CAVENEZ, Camara Automotriz de Venezuela).
September 10, 2015
The Venezuelan bolivar traded in the parallel market continued tumbling in recent weeks, with no end in sight to the downward trajectory that has been in place over a year.
September 10, 2015
The available evidence continues to point to soaring inflation in crisis-hit Venezuela.
August 10, 2015
Annual car sales fell 8.8% over the same month last year and totaled 1,446 units in July, according to figures from the Venezuelan Automotive Chamber (CAVENEZ, Camara Automotriz de Venezuela).