Trade Balance in Venezuela

Venezuela Trade Balance | Economic News & Forecasts

Venezuela - Trade Balance

Venezuela remains beset by profound economic and political crises. According to figures released by congress, which the opposition controls, the economy shrank a staggering 13.2% in 2017, marking the fourth year of a crippling recession. Citing ongoing fiscal struggles, Moody’s downgraded the government’s credit rating to C from Caa3 on 9 March. As the country descends deeper into crisis, it is gearing up for presidential elections now scheduled for 20 May, after they were initially moved forward to 22 April from December, when they are usually held. Many political parties opted to not participate in what they see as fraudulent elections that lack legitimacy. Moreover, the U.S. and the EU are contemplating additional sanctions against the country, while a group of Latin American nations, known as the “Lima group”, rejected the election and its outcome. In the first week of March, former governor Henri Falcón broke with the opposition coalition to launch his presidential candidacy. Although polls suggest that he could be a serious challenger, it is unlikely that he will beat Maduro.

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

Bond Yield5.500.0 %Aug 19
Exchange Rate43,9800.0 %Mar 20
Stock Market7,4212.04 %Mar 20

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