Venezuela Crude Oil Production  Forecast


Venezuela Crude Oil Production
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Crude Oil Production in Venezuela is expected to be 2200.07 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 2225.58 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 Trade Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -782 -2880 -4000 -4500 -4700 -4900
Exports 8483 6121 5458 5000 4660 7500
Imports 9576 9001 9458 9500 9362 12400
Current Account -5113 -1900 663 828 1028 -1550
Current Account to GDP -2.4 -3 -3.2 -3.2 5.06 -3.5
External Debt 244 400 400 400 270 421
Remittances 836 782 771 759 747 531
Gold Reserves 188 213 227 241 255 321
Crude Oil Production 1955 2200 2184 2206 2226 2000
Terrorism Index 3.63 2.73 2.6 2.6 2.6 2.5
Foreign Direct Investment 12 661 648 659 650 655