Venezuela recorded a Current Account surplus of 2533 USD Million in the first quarter of 2019. Current Account in Venezuela averaged 1700.56 USD Million from 1990 until 2019, reaching an all time high of 15700 USD Million in the third quarter of 2008 and a record low of -6580 USD Million in the fourth quarter of 2008. source: Banco Central De Venezuela

Current Account in Venezuela is expected to be 2300.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Venezuela to stand at 1500.00 in 12 months time. In the long-term, the Venezuela Current Account is projected to trend around 1000.00 USD Million in 2020, according to our econometric models.

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Venezuela Current Account

Actual Previous Highest Lowest Dates Unit Frequency
2533.00 2046.00 15700.00 -6580.00 1990 - 2019 USD Million Quarterly


Venezuela Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Venezuela Trade Last Previous Highest Lowest Unit
Balance of Trade 5680.00 4887.00 18496.00 -3154.00 USD Million [+]
Current Account 2533.00 2046.00 15700.00 -6580.00 USD Million [+]
Current Account to GDP 6.00 6.10 17.70 -9.20 percent [+]
Imports 2497.00 3370.00 19338.00 1970.00 USD Million [+]
Exports 8627.00 8257.00 31468.00 2995.00 USD Million [+]
External Debt 246.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.22 161.22 372.93 150.00 Tonnes [+]
Crude Oil Production 912.00 761.00 3453.00 594.00 BBL/D/1K [+]
Terrorism Index 4.10 3.67 4.10 0.63 [+]
Foreign Direct Investment 105.00 197.00 3061.00 -1509.00 USD Million [+]