External Debt in Venezuela

Venezuela External Debt | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
External Debt (% of GDP)35.9  28.2  72.5  -     -     

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Venezuela External Debt Chart


Venezuela External Debt
Note: External debt as % of GDP.
Source: Venezuela Central Bank and Met the why particular calculations.

Venezuela Facts

ValueChangeDate
Bond Yield5.500.0 %Aug 19
Exchange Rate80,0000.0 %Jun 14
Stock Market49,4142.04 %Jun 14

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