Venezuela Crude Oil Production - Forecast

Crude Oil Production in Venezuela is expected to be 1916.46 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Venezuela to stand at 2100.62 in 12 months time. In the long-term, the Venezuela Crude Oil Production is projected to trend around 2000.00 BBL/D/1K in 2020, according to our econometric models.


Venezuela Crude Oil Production
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Venezuela Trade Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -782 -4000 -4500 -4700 -5000 -4900
Exports 8483 5458 5000 4660 6700 7500
Imports 9576 9458 9500 9362 11700 12400
Current Account -5113 663 828 1028 -2000 -1550
Current Account to GDP -2.4 -3.2 -3.2 -3.2 -3.2 -3.5
External Debt 28 400 400 259 410 421
Remittances 836 765 771 777 782 531
Gold Reserves 188 194 203 212 221 275
Crude Oil Production 1769 1916 1908 1968 2101 2000
Terrorism Index 3.63 2.6 2.6 2.6 2.6 2.5
Foreign Direct Investment 12 648 659 650 657 655