Current account balance as a proportion of GDP (%) in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Current account balance as a proportion of GDP (%) was -3.4% in 2016. ◆ Volatile
Current account balance as a proportion of GDP in Venezuela (Bolivarian Republic of), 2000–2016
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Venezuela (Bolivarian Republic of) is -3.4%, measured in 2016.
Compared with earlier readings it is up 73.2% on the previous year and down 123.8% over ten years.
Over the whole period, current account balance as a proportion of gdp in Venezuela (Bolivarian Republic of) peaked at 17.5% in 2005 and was at its lowest, -12.8%, in 2015.
Venezuela (Bolivarian Republic of) ranks 133rd of 205 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Venezuela (Bolivarian Republic of), year by year
| Year | % | Change |
|---|---|---|
| 2000 | 10.1% | — |
| 2001 | 1.6% | -84.1% |
| 2002 | 8.2% | +407.0% |
| 2003 | 14.1% | +72.4% |
| 2004 | 13.8% | -2.2% |
| 2005 | 17.5% | +26.7% |
| 2006 | 14.4% | -17.5% |
| 2007 | 5.8% | -59.5% |
| 2008 | 9.9% | +69.5% |
| 2009 | 0.1% | -98.7% |
| 2010 | 1.4% | +991.9% |
| 2011 | 5.2% | +263.5% |
| 2012 | 0.7% | -86.6% |
| 2013 | 1.8% | +156.2% |
| 2014 | 2.3% | +28.9% |
| 2015 | -12.8% | -658.4% |
| 2016 | -3.4% | -73.2% |
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Venezuela (Bolivarian Republic of) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +991.9% | 0.1% | 1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.6% | 0.1% | 17.5% | 10 |
| 2010s | -0.7% | -12.8% | 5.2% | 7 |
Countries ranked near Venezuela (Bolivarian Republic of)
- 130 United Republic of Tanzania -3.0% compare
- 131 Brazil -3.0% compare
- 132 Dominican Republic -3.4% compare
- 134 Paraguay -3.4% compare
- 135 Bosnia and Herzegovina -3.5% compare
- 136 Democratic Republic of the Congo -3.8% compare
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Domestic Product — Value Standard Local Currency 1.97 million million SLC (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 71.24 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate 33.82 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 62.95 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 27.34 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, annual growth 62.93 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 27.32 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth -35.55 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 -50 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate -4.86 % change on previous year (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in Venezuela (Bolivarian Republic of)?
- Current account balance as a proportion of gdp in Venezuela (Bolivarian Republic of) was -3.4% in 2016, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 17.5% in 2005.
- What is the lowest current account balance as a proportion of gdp recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was -12.8% in 2015.
- How does Venezuela (Bolivarian Republic of) rank for current account balance as a proportion of gdp?
- Venezuela (Bolivarian Republic of) ranks 133rd out of 205 countries with data for 2016.
- Is current account balance as a proportion of gdp rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is down 123.8%. The long-run trend across the full record is volatile.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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