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||80,000||0.0 %||Jun 14|
|Stock Market||49,414||2.04 %||Jun 14|
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June 11, 2018
At the seventeenth Central Bank Dicom auction held on 8 June, the bolivar sold at 94,112 VEF per EUR (80,000 VEF per USD), weakening 0.8% from the 93,392 VEF per EUR (80,000 VEF per USD) rate in the previous auction held on 1 June.
June 8, 2018
The average price of Venezuela’s mix of crude oil reached USD 65.2 per barrel (pb) in May, the highest level in over three years.
May 15, 2018
The average price of Venezuela’s mix of crude oil reached USD 64.2 per barrel (pb) in April, the highest level in over three years.
May 15, 2018
On 20 May, President Nicolás Maduro is poised to secure a second six-year term in a presidential election that has been widely criticized for lacking credibility and fairness.
March 7, 2018
The average price of Venezuela’s mix of crude oil fell in February to USD 58.0 per barrel (pb), down from the prior month’s multi-year high of USD 61.4 pb.