Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

The country is staring into an abyss as widespread protests on an almost daily basis rage on. Over 70 people have been left dead and the sense that anarchy may ensue is becoming palpable in the streets. Although the first cracks in the government are starting to show, Maduro remains adamant about his hold on to power and is has been using the resources at his disposal to do so, even at the detriment of the economy. The structural imbalances that plague the country persist and economic activity has collapsed as a result. The government raised the minimum salary by 30% as a palliative measure in the face of astonishingly-high inflation and the most recent oil industry data is disappointing. Oil prices declined to the lowest level since November in June and stifled hopes that the extended oil output cut agreement between oil producing countries would fill Venezuela’s depleted state coffers.

Venezuela - Trade Balance Data

2012  2013  2014  2015  2016  
Trade Balance (USD billion)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 %Aug 16
Stock Market185,9460.29 %Aug 16

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