Venezuela recorded a Current Account deficit of 3.50 percent of the country's Gross Domestic Product in 2020. source: IMF

Current Account to GDP in Venezuela averaged 4.35 percent of GDP from 1980 until 2020, reaching an all time high of 17.70 percent of GDP in 2005 and a record low of -9.20 percent of GDP in 1988. This page provides - Venezuela Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Current Account to GDP - values, historical data and charts - was last updated on August of 2021.

Current Account to GDP in Venezuela is expected to reach -4.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Current Account to GDP is projected to trend around -4.00 percent of GDP in 2022 and -2.50 percent of GDP in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Venezuela Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.50 8.40 17.70 -9.20 1980 - 2020 percent of GDP Yearly

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 -3.50 8.40 17.70 -9.20 percent of GDP [+]
Imports 2497.00 3370.00 19338.00 1970.00 USD Million [+]
Exports 8627.00 8257.00 31468.00 2995.00 USD Million [+]
External Debt 0.00 0.00 2189.00 0.00 USD Million [+]
Gold Reserves 161.22 161.22 372.93 150.22 Tonnes [+]
Crude Oil Production 633.00 582.00 3453.00 392.00 BBL/D/1K [+]
Foreign Direct Investment 105.00 197.00 3061.00 -1509.00 USD Million [+]
Terrorism Index 3.66 4.10 4.10 0.63 [+]


Venezuela Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.