International Reserves in Venezuela
Venezuela - International Reserves
Current account surplus falls amid rising imports
In the third quarter, the current account balance incurred a surplus of USD 2.6 billion, which was virtually unchanged from the previous quarter's USD 2.5 billion surplus. The figure nearly halved the USD 5.4 billion surplus recorded in the third quarter of last year. The quarterly figure was the result of a drop in the trade surplus (Q2: USD 6.1 billion; Q3: USD 5.5 billion), the most important component of the Venezuelan current account, which was offset by improvements in the services and income balances. In particular, exports slowed to USD 15.5 billion (Q2: USD 16.1 billion), entirely as a result of lower oil exports, while imports remained broadly unaltered over the previous quarter at USD 10.0 billion. As a result of the relatively weak reading, the moving annual current account balance fell from a USD 19.7 billion surplus in the second quarter to USD 16.9 billion in the third.
Venezuela - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 16.4 | 11.0 | 9.7 | 8.8 | 7.5 |
Venezuela International Reserves Chart
Source: Venezuela Central Bank and FocusEconomics calculations.
Venezuela Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.50 | 0.0 % | Aug 19 |
| Exchange Rate | 248,832 | 0.0 % | Aug 17 |
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Economic News
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Venezuela: Inflation falls to over two-year low in May but remains sky-high and is expected to spike on Covid-19 fallout
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National consumer prices rose 38.6% form the previous month in May, up from April’s 27.5% month-on-month increase and marking the highest print in four months, according to data released by the Central Bank of Venezuela (BCV) on 8 June.
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Venezuela: Inflation falls to two-year low in March but remains sky-high and is expected to spike on Covid-19 fallout
April 24, 2020
National consumer prices rose 13.3% from the previous month in March, down from February’s 21.8% month-on-month increase and marking the lowest print since June 2017, according to data released by the Central Bank of Venezuela (BCV) on 24 April.
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March 26, 2020
On 17 March, a nationwide quarantine was declared by the government to fight the Covid-19 health crisis.
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Venezuela: Inflation eases to near two-year low in December amid rapid dollarization of the economy
February 4, 2020
National consumer prices rose 31.5% from the previous month in December, up from November’s 25.7% month-on-month increase, according to data released by the Central Bank of Venezuela (BCV) on 4 February.
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Venezuela: New Central Bank data reveals the crisis is only worsening
October 19, 2019
On 19 October, the Central Bank of Venezuela (BCV) released fresh macroeconomic data for the first time in six months, underscoring the severity of the crisis currently gripping the country.
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