Venezuela Current Account to GDP

Venezuela recorded a Current Account surplus of 7.10 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Venezuela is reported by the World Bank. From 1980 until 2012, Venezuela Current Account to GDP averaged 5.3 Percent reaching an all time high of 17.7 Percent in December of 2005 and a record low of -9.2 Percent in December of 1988. 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. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.10 8.60 17.70 -9.20 7.04 | 2013/12 1980 - 2012 Percent Yearly

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Venezuela Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP 7.10 2012-12-31 8.60 17.70 -9.20 7.04 2013-12-31 Percent [+]
Crude Oil Production 2300.00 2013-10-15 2300.00 3453.00 630.00 2319.66 2013-11-30 Thousands Barrels per Day [+]
External Debt 610.00 2014-02-15 143.00 2189.00 0.00 1464.83 2014-03-31 USD Million [+]
Remittances 803.00 2012-12-31 809.00 832.00 136.00 801.81 2013-12-31 USD Million [+]
Balance of Trade 10191.00 2013-08-15 9129.00 17732.00 -2015.00 9477.00 2013-12-31 USD Million [+]
Current Account 4121.00 2013-08-15 2063.00 15502.00 -4922.00 3290.36 2013-12-31 USD Million [+]
Exports 22231.00 2013-08-15 22386.00 30743.00 2995.00 21408.59 2013-12-31 USD Million [+]
Imports -12040.00 2013-08-15 -13257.00 3553.00 -17841.00 -11794.75 2013-12-31 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Venezuela Core Consumer Prices at 594.30 Index Points  
Core Consumer Prices in Venezuela increased to 594.30 Index Points in December of 2013 from 582.30 Index Points in November of 2013. Core Consumer Prices in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Interest Rate at 15.59 Percent  
The benchmark interest rate in Venezuela was last recorded at 15.59 percent. Interest Rate in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Unemployment Rate at 7.20 Percent  
Unemployment Rate in Venezuela decreased to 7.20 percent in February of 2014 from 9.50 percent in January of 2014. Unemployment Rate in Venezuela is reported by the National Institute of Statistics, Venezuela.
Venezuela Balance of Trade at 10191.00 USD Million  
Venezuela recorded a trade surplus of 10191 USD Million in the third quarter of 2013. Balance of Trade in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Crude Oil Production at 2300.00 Thousands Barrels per Day  
Crude Oil Production in Venezuela remained unchanged at 2300 Thousands Barrels per Day in October of 2013 from 2300 Thousands Barrels per Day in September of 2013. Crude Oil Production in Venezuela is reported by the U.S. Energy Information Administration.
Venezuela Current Account at 4121.00 USD Million  
Venezuela recorded a Current Account surplus of 4121 USD Million in the third quarter of 2013. Current Account in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Exports at 22231.00 USD Million  
Exports in Venezuela decreased to 22231 USD Million in the third quarter of 2013 from 22386 USD Million in the second quarter of 2013. Exports in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Imports at -12040.00 USD Million  
Imports in Venezuela increased to -12040 USD Million in the third quarter of 2013 from -13257 USD Million in the second quarter of 2013. Imports in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Changes in Inventories at 1691.00 VEF Million  
Changes in Inventories in Venezuela decreased to 1691 VEF Million in the third quarter of 2013 from 1880 VEF Million in the second quarter of 2013. Changes in Inventories in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Consumer Price Index (CPI) at 527.70 Index Points  
Consumer Price Index (CPI) in Venezuela increased to 527.70 Index Points in February of 2014 from 514.40 Index Points in January of 2014. Consumer Price Index (CPI) in Venezuela is reported by the Banco Central De Venezuela.
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