External Debt in Venezuela
Venezuela - External Debt
Current account surplus falls amid rising imports
In the third quarter, the current account balance incurred a surplus of USD 2.6 billion, which was virtually unchanged from the previous quarter's USD 2.5 billion surplus. The figure nearly halved the USD 5.4 billion surplus recorded in the third quarter of last year. The quarterly figure was the result of a drop in the trade surplus (Q2: USD 6.1 billion; Q3: USD 5.5 billion), the most important component of the Venezuelan current account, which was offset by improvements in the services and income balances. In particular, exports slowed to USD 15.5 billion (Q2: USD 16.1 billion), entirely as a result of lower oil exports, while imports remained broadly unaltered over the previous quarter at USD 11.0 billion. As a result of the relatively weak reading, the moving annual current account balance fell from a USD 19.7 billion surplus in the second quarter to USD 16.9 billion in the third.
Venezuela - External Debt Data
|External Debt (% of GDP)||35.9||28.2||72.5||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Venezuela External Debt Chart
Source: Venezuela Central Bank and Met the why particular calculations.
|Bond Yield||5.50||0.0 %||Aug 19|
|Exchange Rate||248,832||0.0 %||Aug 17|
|Stock Market||15,251||2.04 %||Jun 14|
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June 11, 2019
National consumer prices jumped 33.8% from the previous month in April, following March’s 34.8% month-on-month surge, according to the trove of data released by the Central Bank of Venezuela (BCV) on 28 May.
May 28, 2019
On 28 May, the Central Bank of Venezuela (BCV) released macroeconomic data for the first time in nearly four years, highlighting the extent of the profound economic crisis currently gripping the country.
May 14, 2019
The Venezuelan bolívar soberano was sharply devalued, yet again, by the Central Bank (Banco Central de Venezuela, BCV) on 22 April.
February 12, 2019
On 28 January, the Trump administration significantly increased the economic pressure on President Nicolás Maduro’s government by announcing sweeping sanctions against PDVSA, the state-owned oil firm.
September 11, 2018
On 20 August, a series of far-reaching economic reforms came into effect as President Nicolás Maduro once again strived to tackle spiraling inflation, stabilize the freefalling currency and overcome the deep economic crisis gripping the country.