Changes in net reserves (BoP; US dollar) in Venezuela

The Changes in net reserves (BoP; US dollar) in Venezuela was last reported at 7939314626.15 in 2010, according to a World Bank report released in 2011. The Changes in net reserves (BoP; US dollar) in Venezuela was 10806508953.89 in 2009, according to a World Bank report, published in 2010. The Changes in net reserves (BoP; US dollar) in Venezuela was reported at -9452250943.53 in 2008, according to the World Bank. Changes in net reserves is the net change in a country's holdings of international reserves resulting from transactions on the current, capital, and financial accounts. These include changes in holdings of monetary gold, SDRs, foreign exchange assets, reserve position in the International Monetary Fund, and other claims on nonresidents that are available to the central authority. The measure is net of liabilities constituting foreign authorities' reserves, and counterpart items for valuation changes and exceptional financing items. Data are in current U.S. dollars.This page includes a historical data chart, news and forecasts for Changes in net reserves (BoP; US dollar) 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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