Venezuela Current Account to GDP

Venezuela recorded a Current Account surplus of 7.10 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Venezuela averaged 5.26 Percent from 1980 until 2012, reaching an all time high of 17.70 Percent in 2005 and a record low of -9.20 Percent in 1988. Current Account to GDP in Venezuela is reported by the World Bank.

   
 
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Venezuela Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
7.10 8.60 17.70 -9.20 1980 - 2012 Percent Yearly
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. This page provides - Venezuela Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade Last Previous Highest Lowest Unit
Balance of Trade 10191.00 9129.00 17732.00 -2015.00 USD Million [+]
Exports 22231.00 22386.00 30743.00 2995.00 USD Million [+]
Imports 12040.00 13257.00 17841.00 1970.00 USD Million [+]
Current Account 4121.00 2063.00 15502.00 -4922.00 USD Million [+]
Current Account to GDP 7.10 8.60 17.70 -9.20 Percent [+]
External Debt 275.00 680.00 2189.00 0.00 USD Million [+]
Remittances 803.00 809.00 832.00 136.00 USD Million [+]
Gold Reserves 367.64 367.64 372.93 311.03 Tonnes [+]
Crude Oil Production 2300.00 2300.00 3453.00 630.00 BBL/D/1K [+]





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