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$, in 2015.
Venezuela ranks 165th of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Venezuela, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1970 | -104.00 million BoP, current US$ | — |
| 1971 | -11.00 million BoP, current US$ | -89.4% |
| 1972 | -101.00 million BoP, current US$ | +818.2% |
| 1973 | 877.00 million BoP, current US$ | -968.3% |
| 1974 | 5.76 billion BoP, current US$ | +556.8% |
| 1975 | 2.17 billion BoP, current US$ | -62.3% |
| 1976 | 254.00 million BoP, current US$ | -88.3% |
| 1977 | -3.18 billion BoP, current US$ | -1351.6% |
| 1978 | -5.74 billion BoP, current US$ | +80.4% |
| 1979 | 350.00 million BoP, current US$ | -106.1% |
| 1980 | 4.73 billion BoP, current US$ | +1250.9% |
| 1981 | 4.00 billion BoP, current US$ | -15.4% |
| 1982 | -4.25 billion BoP, current US$ | -206.2% |
| 1983 | 4.43 billion BoP, current US$ | -204.3% |
| 1984 | 4.65 billion BoP, current US$ | +5.1% |
| 1985 | 3.33 billion BoP, current US$ | -28.5% |
| 1986 | -2.25 billion BoP, current US$ | -167.5% |
| 1987 | -1.39 billion BoP, current US$ | -38.1% |
| 1988 | -5.81 billion BoP, current US$ | +317.9% |
| 1989 | 2.16 billion BoP, current US$ | -137.2% |
| 1990 | 8.28 billion BoP, current US$ | +283.1% |
| 1991 | 1.74 billion BoP, current US$ | -79.0% |
| 1992 | -3.75 billion BoP, current US$ | -316.0% |
| 1993 | -1.99 billion BoP, current US$ | -46.8% |
| 1994 | 2.54 billion BoP, current US$ | -227.5% |
| 1995 | 2.01 billion BoP, current US$ | -20.7% |
| 1996 | 8.91 billion BoP, current US$ | +342.6% |
| 1997 | 3.73 billion BoP, current US$ | -58.1% |
| 1998 | -4.43 billion BoP, current US$ | -218.8% |
| 1999 | 2.11 billion BoP, current US$ | -147.7% |
| 2000 | 11.85 billion BoP, current US$ | +461.2% |
| 2001 | 1.98 billion BoP, current US$ | -83.3% |
| 2002 | 7.60 billion BoP, current US$ | +283.2% |
| 2003 | 11.80 billion BoP, current US$ | +55.2% |
| 2004 | 15.52 billion BoP, current US$ | +31.6% |
| 2005 | 25.45 billion BoP, current US$ | +64.0% |
| 2006 | 26.46 billion BoP, current US$ | +4.0% |
| 2007 | 13.46 billion BoP, current US$ | -49.1% |
| 2008 | 31.30 billion BoP, current US$ | +132.4% |
| 2009 | 429.00 million BoP, current US$ | -98.6% |
| 2010 | 5.58 billion BoP, current US$ | +1201.9% |
| 2011 | 16.34 billion BoP, current US$ | +192.6% |
| 2012 | 2.59 billion BoP, current US$ | -84.2% |
| 2013 | 4.60 billion BoP, current US$ | +78.0% |
| 2014 | 4.92 billion BoP, current US$ | +6.8% |
| 2015 | -16.05 billion BoP, current US$ | -426.3% |
| 2016 | -3.87 billion BoP, current US$ | -75.9% |
Venezuela compared with similar countries
- Venezuela's -3.87 billion BoP, current US$ is below the median for lower middle income countries, which is -391.82 million BoP, current US$, 9.9× the median. (47 countries reporting)
- Venezuela's -3.87 billion BoP, current US$ is below the median for Latin America & Caribbean, which is -281.35 million BoP, current US$, 13.8× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | -1351.6% | 254.00 million BoP, current US$ | -3.18 billion BoP, current US$ |
| 1980 | +1250.9% | 350.00 million BoP, current US$ | 4.73 billion BoP, current US$ |
| 2010 | +1201.9% | 429.00 million BoP, current US$ | 5.58 billion BoP, current US$ |
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
- 162 Jordan -3.13 billion BoP, current US$ compare
- 163 Afghanistan -3.14 billion BoP, current US$ compare
- 164 Ethiopia -3.79 billion BoP, current US$ compare
- 166 Cote d'Ivoire -3.89 billion BoP, current US$ compare
- 167 Democratic Republic of Congo -3.94 billion BoP, current US$ compare
- 168 Moldova -4.00 billion BoP, current US$ compare
More economy & growth data for Venezuela
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0216 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 91.64 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -99.45 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0135 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 57.47 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is current account balance in Venezuela?
- Current account balance in Venezuela was -3.87 billion BoP, current US$ 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 165th out of 200 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.