Venezuela - Trade BalanceVenezuela’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
|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 %||Aug 25|
|Stock Market||14,876||-0.32 %||Aug 25|
See all the data and analysis available in each of our Regional and Country reports.
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).
August 10, 2015
In July, the average price of Venezuela’s mix of crude oil declined 12.4% over the previous month, falling from USD 56.4 per barrel in June to USD 49.4 per barrel.
August 7, 2015
The bolivar traded in the parallel market tumbled in recent weeks, continuing the downward trajectory that has been in place for the past year.
August 6, 2015
The available evidence continues to point to sky-rocketing inflation in crisis-hit Venezuela.
July 14, 2015
In June, the average price of Venezuela’s mix of crude oil recorded zero growth over the previous month, remaining at May’s price of USD 56.4 per barrel.