Current account balance in Venezuela
Venezuela: Current account balance was -3.87 billion BoP, current US$ in 2016. ◆ Volatile
Current account balance in Venezuela, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2016, current account balance in Venezuela stood at -3.87 billion BoP, current US$.
Compared with earlier readings it is up 75.9% on the previous year and down 114.6% over ten years.
Over the whole period, current account balance in Venezuela peaked at 31.30 billion BoP, current US$ in 2008 and was at its lowest, -16.05 billion BoP, current US$, in 2015.
Venezuela ranks 163rd of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.20 million BoP, current US$ | -5.74 billion BoP, current US$ | 5.76 billion BoP, current US$ | 10 |
| 1980s | 960.40 million BoP, current US$ | -5.81 billion BoP, current US$ | 4.73 billion BoP, current US$ | 10 |
| 1990s | 1.92 billion BoP, current US$ | -4.43 billion BoP, current US$ | 8.91 billion BoP, current US$ | 10 |
| 2000s | 14.58 billion BoP, current US$ | 429.00 million BoP, current US$ | 31.30 billion BoP, current US$ | 10 |
| 2010s | 2.02 billion BoP, current US$ | -16.05 billion BoP, current US$ | 16.34 billion BoP, current US$ | 7 |
Countries ranked near Venezuela
- 160 Jordan -3.13 billion BoP, current US$ compare
- 161 Afghanistan -3.14 billion BoP, current US$ compare
- 162 Ethiopia -3.79 billion BoP, current US$ compare
- 164 Cote d'Ivoire -3.89 billion BoP, current US$ compare
- 165 Democratic Republic of Congo -3.94 billion BoP, current US$ compare
- 166 Moldova -4.00 billion BoP, current US$ compare
More economy & growth data for Venezuela
- External balance on goods and services as a percent of GDP 4.8% (2025)
- Inflation of consumer prices 254.9% (2016)
- GDP per capita 1,519 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 0.0% (2011)
- Gross domestic product (GDP) 43.31 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,519 constant 2015 US$ (2025)
- DEC alternative conversion factor 165.46 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 996.97 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 6.03 billion current US$ (2025)
- Taxes less subsidies on products 0 current LCU (2011)
Frequently asked questions
- What is current account balance in Venezuela?
- Current account balance in Venezuela was -3.87 billion BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Venezuela?
- The highest recorded value was 31.30 billion BoP, current US$ in 2008.
- What is the lowest current account balance recorded in Venezuela?
- The lowest recorded value was -16.05 billion BoP, current US$ in 2015.
- How does Venezuela rank for current account balance?
- Venezuela ranks 163rd out of 198 countries with data for 2016.
- Is current account balance rising or falling in Venezuela?
- Over the last ten years it is down 114.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.