Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

As 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

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 %Oct 01
Stock Market11,795-0.66 %Oct 01

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