Current account balance (credit less debit), Net (credits less debits) in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Current account balance (credit less debit), Net (credits less debits) was -3.87 billion in 2016. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Venezuela, Bolivarian Republic of, 2005–2016
Source: International Monetary Fund.
Analysis
Venezuela, Bolivarian Republic of 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, Bolivarian Republic of peaked at 31.30 billion in 2008 and was at its lowest, -16.05 billion, in 2015.
That places Venezuela, Bolivarian Republic of 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 debits) in Venezuela, Bolivarian Republic of, 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% |
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, Bolivarian Republic of
More financial sector data for Venezuela, Bolivarian Republic of
- Total reserves in months of imports, annual growth rate 8.37 % change on previous year (2016)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2016)
- Total reserves in months of imports, per capita 0 units per person (2016)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -18.98 % change on previous year (2017)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0107 SDR per US$ of GDP (2017)
- Reserves excluding gold, foreign exchange (SDR), per capita 40.5 SDR per person (2017)
- Reserves excluding gold (SDR), annual growth rate -12.26 % change on previous year (2017)
- Reserves excluding gold (SDR), per capita 69.71 SDR per person (2017)
- Total reserves (gold at market value) (SDR), annual growth rate -8.91 % change on previous year (2017)
- Total reserves (gold at market value) (SDR), per capita 225 SDR per person (2017)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Venezuela, Bolivarian Republic of?
- Current account balance (credit less debit), net (credits less debits) in Venezuela, Bolivarian Republic of 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, Bolivarian Republic of?
- 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, Bolivarian Republic of?
- The lowest recorded value was -16.05 billion in 2015.
- How does Venezuela, Bolivarian Republic of rank for current account balance (credit less debit), net (credits less debits)?
- Venezuela, Bolivarian Republic of 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, Bolivarian Republic of?
- Over the last ten years it is down 114.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of 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.
Download this data
CSV · JSON — 12 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.