Current account balance (credit less debit), Net (credits less) in Venezuela
Venezuela: Current account balance (credit less debit), Net (credits less) was -3.87 billion in 2016. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Venezuela, 2005–2016
Source: International Monetary Fund.
Analysis
Venezuela recorded -3.87 billion for current account balance (credit less debit), net (credits less debits) in 2016.
Compared with earlier readings it is up 75.9% on the previous year and down 114.6% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Venezuela peaked at 31.30 billion in 2008 and was at its lowest, -16.05 billion, in 2015.
That places Venezuela 170th out of 198 countries with data for 2016, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 25.45 billion | — |
| 2006 | 26.46 billion | +4.0% |
| 2007 | 13.46 billion | -49.1% |
| 2008 | 31.30 billion | +132.4% |
| 2009 | 429.00 million | -98.6% |
| 2010 | 5.58 billion | +1201.9% |
| 2011 | 16.34 billion | +192.6% |
| 2012 | 2.59 billion | -84.2% |
| 2013 | 4.60 billion | +78.0% |
| 2014 | 4.92 billion | +6.8% |
| 2015 | -16.05 billion | -426.3% |
| 2016 | -3.87 billion | -75.9% |
Venezuela compared with similar countries
- Venezuela's -3.87 billion is below the median for lower middle income countries, which is -96.83 million, 40.0× the median. (46 countries reporting)
- Venezuela's -3.87 billion is below the median for Latin America & Caribbean, which is -169.22 million, 22.9× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.42 billion | 429.00 million | 31.30 billion | 5 |
| 2010s | 2.02 billion | -16.05 billion | 16.34 billion | 7 |
Countries ranked near Venezuela
More financial sector data for Venezuela
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.24 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.94 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.24 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Venezuela?
- Current account balance (credit less debit), net (credits less debits) in Venezuela was -3.87 billion in 2016, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Venezuela?
- The highest recorded value was 31.30 billion in 2008.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Venezuela?
- The lowest recorded value was -16.05 billion in 2015.
- How does Venezuela rank for current account balance (credit less debit), net (credits less debits)?
- Venezuela ranks 170th out of 198 countries with data for 2016.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Venezuela?
- Over the last ten years it is down 114.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.