International Reserves in Venezuela

Venezuela International Reserves | Economic News & Forecasts

Venezuela - International Reserves

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 - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)21.5  22.1  16.4  11.0  9.7  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Venezuela International Reserves Chart


Venezuela International Reserves
Note: International reserves in months of imports.
Source: Venezuela Central Bank and Met the why particular calculations.

Venezuela Facts

ValueChangeDate
Bond Yield5.500.0 %Aug 19
Exchange Rate248,8320.0 %Aug 17
Stock Market5,7642.04 %Jan 30

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form