Venezuela Crude Oil Production - Forecast

Crude Oil Production in Venezuela is expected to be 1500.00 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 1450.00 in 12 months time. In the long-term, the Venezuela Crude Oil Production is projected to trend around 1700.00 BBL/D/1K in 2020, according to our econometric models.


Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Venezuela Trade Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -782 -3540 -3600 -3050 -2950 -2750
Exports 8483 4660 4400 4350 4300 4250
Imports 9576 8200 8000 7400 7250 7000
Current Account -5113 -9000 -8800 -8600 -8600 -8600
Current Account to GDP 2 2.1 2.1 2 2 2
External Debt 0 247 410 248 250 421
Gold Reserves 150 135 134 131 133 132
Crude Oil Production 1448 1500 1370 1400 1450 1700
Terrorism Index 3.63 3.9 3.9 4.2 4.2 4
Foreign Direct Investment -558 -2000 -2500 -2700 -2800 -3000