Venezuela (Venezuela (Bolivarian Republic of)) Current Account Balance (% GDP) Statistics

14, Dec 2019, EST.

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Country or Region: Venezuela (Venezuela (Bolivarian Republic of)) › Change country
Economic Indicator: Current Account Balance (% GDP) › See all Venezuela indicators, › See Current Account Balance (% GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Bolivar Fuerte
Currency Symbol: VEF

Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).

Current Account Balance (% GDP) Statistics for Venezuela (Venezuela (Bolivarian Republic of)), Year 2015 - In Detail

Current Account Balance (% GDP) for Venezuela in year 2015 is -7.576 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

This makes Venezuela No. 127 in world rankings according to Current Account Balance (% GDP) in year 2015. The world's average Current Account Balance (% GDP) value is -4.12 %; Venezuela is 3.46 less than the average.

In the previous year, 2014, Current Account Balance (% GDP) for Venezuela was 1.44 % Current Account Balance (% GDP) for Venezuela in 2015 was or will be 626.84% less than it was or will be in 2014.

In the following or forecasted year, 2016, Current Account Balance (% GDP) for Venezuela was or will be -6.55 %, which is 13.52% less than the 2015 figure.

* Source: IMF
Current Account Balance (% GDP) for Venezuela, in other Years
Year %
  2021 1.284
  2020 1.244
  2019 0.95
  2018 0.757
  2017 -2.475
  2016 -6.552
2015 -7.576
  2014 1.438
  2013 1.965
  2012 0.78
  2011 4.889
  2010 1.896
  2009 0.181
  2008 10.797
  2007 6.066
  2006 14.89
  2005 17.755
  2004 13.833
  2003 14.098
  2002 7.951
  2001 1.61
  2000 10.073
  1999 2.172
  1998 -4.822
  1997 4.356
  1996 12.744
  1995 2.759
  1994 4.495
  1993 -3.329
  1992 -6.213
  1991 3.604
  1990 17.465
  1989 5.46
  1988 -9.174
  1987 -2.967
  1986 -3.264
  1985 6.209
  1984 8.724
  1983 6.028
  1982 -4.848
  1981 5.66
  1980 7.411