Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

The country is sliding into chaos as the political crisis enters its third month without an end in sight. The collapsed economy has taken a back seat to politics as the government mobilizes all resources to form a super-body known as a constituent assembly, in what is seen as the ultimate power grab. Economic activity has been brought to a near-standstill and the latest indicators show a continuous economic deterioration. The differential between the official and non-official exchange rates is still abysmal despite an over 60% devaluation in May, the latter of which will contribute to stoking already astronomically-high inflation. The liquidity crunch the government is facing became evident after it sold some of its holdings of the state oil company’s debt at a huge discount to meet short-term financing needs. The government received USD 865 million selling bonds worth USD 2.8 billion on its books to Goldman Sachs, a move widely criticized for providing a lifeline to the increasingly authoritarian regime at the cost of increasing the government’s medium-term debt burden.

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 %Jun 16
Stock Market118,9061.48 %Jun 16

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