Average maturity on new external debt commitments (years) in Venezuela

The Average maturity on new external debt commitments (years) in Venezuela was last reported at 13.65 in 2010, according to a World Bank report released in 2011. The Average maturity on new external debt commitments (years) in Venezuela was 14.09 in 2009, according to a World Bank report, published in 2010. The Average maturity on new external debt commitments (years) in Venezuela was reported at 17.54 in 2008, according to the World Bank. Maturity is the number of years to original maturity date, which is the sum of grace and repayment periods. Grace period for principal is the period from the date of signature of the loan or the issue of the financial instrument to the first repayment of principal. The repayment period is the period from the first to last repayment of principal. To obtain the average, the maturity for all public and publicly guaranteed loans have been weighted by the amounts of the loans. Public debt is an external obligation of a public debtor, including the national government, a political subdivision (or an agency of either), and autonomous public bodies. Publicly guaranteed debt is an external obligation of a private debtor that is guaranteed for repayment by a public entity.This page includes a historical data chart, news and forecasts for Average maturity on new external debt commitments (years) in Venezuela. Venezuela is the fifth largest national economy in Latin America. Venezuela is highly dependent on oil revenues, which account for roughly 90% of export earnings, about 50% of the federal budget revenues, and around 30% of GDP. In recent years, President Hugo Chavez has been systematically increasing the government's control of the economy by nationalizing firms in the cement, steel, petroleum, communications, and electricity sectors.

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