Current account balance as a share of GDP in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Current account balance as a share of GDP was -3.4% in 2016. ◆ Volatile
Current account balance as a share of GDP in Venezuela, Bolivarian Republic of, 2000–2016
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Venezuela, Bolivarian Republic of is -3.4%, measured in 2016.
That represents a change of up 73.2% on the previous year and down 123.8% over ten years.
Over the whole period, current account balance as a share of gdp in Venezuela, Bolivarian Republic of peaked at 17.5% in 2005 and was at its lowest, -12.8%, in 2015.
That places Venezuela, Bolivarian Republic of 126th out of 193 countries with data for 2016, putting it 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 share of GDP in Venezuela, Bolivarian Republic of, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 10.1% | — |
| 2001 | 1.6% | -84.1% |
| 2002 | 8.2% | +408.1% |
| 2003 | 14.1% | +72.5% |
| 2004 | 13.8% | -2.2% |
| 2005 | 17.5% | +26.7% |
| 2006 | 14.4% | -17.6% |
| 2007 | 5.8% | -59.5% |
| 2008 | 9.9% | +69.7% |
| 2009 | 0.1% | -98.7% |
| 2010 | 1.4% | +992.3% |
| 2011 | 5.2% | +263.4% |
| 2012 | 0.7% | -86.6% |
| 2013 | 1.8% | +158.0% |
| 2014 | 2.3% | +28.7% |
| 2015 | -12.8% | -658.5% |
| 2016 | -3.4% | -73.2% |
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
- 123 Tanzania, United Republic of -3.0% compare
- 124 Brazil -3.0% compare
- 125 Dominican Republic -3.4% compare
- 127 Paraguay -3.4% compare
- 128 Bosnia and Herzegovina -3.5% compare
- 129 Congo, Democratic Republic of the -3.8% compare
More economy & growth data for Venezuela, Bolivarian Republic of
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- Manufacturing, value added (current US$), per unit of GDP 0 current US$ per US$ of GDP (2011)
- Manufacturing, value added (current US$), per capita 0 current US$ per person (2011)
- Manufacturing, value added (current LCU), per unit of GDP 0 current LCU per US$ of GDP (2011)
- Manufacturing, value added (current LCU), per capita 0 current LCU per person (2011)
- Manufacturing, value added (constant LCU), per capita 229.58 constant LCU per person (2014)
- Industry (including construction), value added (current US$), annual -100 % change on previous year (1991)
- Industry (including construction), value added (current US$), per 0 current US$ per US$ of GDP (2011)
- Industry (including construction), value added (current US$), per 0 current US$ per person (2011)
Frequently asked questions
- What is current account balance as a share of gdp in Venezuela, Bolivarian Republic of?
- Current account balance as a share of gdp in Venezuela, Bolivarian Republic of was -3.4% in 2016, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share 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 share 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 share of gdp?
- Venezuela, Bolivarian Republic of ranks 126th out of 193 countries with data for 2016.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).