Venezuela Current Account to GDP 1980-2015 | Data | Chart | Calendar

Venezuela recorded a Current Account surplus of 1.40 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Venezuela averaged 4.91 percent from 1980 until 2013, 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
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Actual Previous Highest Lowest Dates Unit Frequency
1.40 2.90 17.70 -9.20 1980 - 2013 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. Content for - Venezuela Current Account to GDP - was last refreshed on Friday, May 29, 2015.

Venezuela Trade Last Previous Highest Lowest Unit
Balance of Trade 6811.00 10243.00 17732.00 -2015.00 USD Million [+]
Exports 19057.00 20780.00 30743.00 2995.00 USD Million [+]
Imports 12246.00 10537.00 17841.00 1970.00 USD Million [+]
Current Account 899.00 3244.00 15502.00 -4922.00 USD Million [+]
Current Account to GDP 1.40 2.90 17.70 -9.20 percent [+]
External Debt 160.00 339.00 2189.00 0.00 USD Million [+]
Remittances 836.00 803.00 836.00 136.00 USD Million [+]
Gold Reserves 367.64 367.64 372.93 311.03 Tonnes [+]
Crude Oil Production 2500.00 2500.00 3453.00 630.00 BBL/D/1K [+]
Foreign Direct Investment 12.00 547.00 3061.00 -2040.00 USD Million [+]


Current Account to GDP Reference Previous Highest Lowest Unit
Australia -2.90 Dec/13 -4.10 1.40 -6.70 percent [+]
Brazil -4.17 Dec/14 -3.66 1.80 -8.20 percent [+]
Canada -3.20 Dec/13 -3.40 2.70 -4.20 percent [+]
China 2.00 Dec/13 2.60 10.10 -3.70 percent [+]
Euro Area 2.40 Dec/13 1.40 2.40 -1.50 percent [+]
France -1.30 Dec/13 -2.20 2.70 -2.20 percent [+]
Germany 7.50 Dec/13 7.40 7.50 -1.70 percent [+]
India -1.70 Dec/13 -4.70 1.50 -4.70 percent [+]
Indonesia -2.95 Dec/14 -3.20 4.80 -6.80 percent [+]
Italy 1.00 Dec/13 -0.30 3.20 -3.70 percent [+]
Japan 0.70 Dec/13 1.10 4.80 -1.00 percent [+]
Mexico -2.10 Dec/14 -1.80 3.40 -6.10 percent [+]
Netherlands 10.40 Dec/13 9.50 10.40 -1.00 percent [+]
Russia 1.56 Dec/13 3.60 18.00 -1.40 percent [+]
South Korea 5.80 Dec/13 4.30 11.90 -8.30 percent [+]
Spain 0.80 Dec/13 -1.20 1.50 -10.00 percent [+]
Switzerland 12.30 Dec/13 9.16 15.60 -0.60 percent [+]
Turkey -5.70 Dec/14 -7.90 2.00 -9.70 percent [+]
United Kingdom -5.50 Dec/14 -4.50 1.90 -5.50 percent [+]
United States -2.40 Dec/14 -2.40 0.20 -6.00 percent [+]