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.


Venezuela Crude Oil Production
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Venezuela Trade Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -782 -5340 -7500 -9100 -10200 -15000
Exports 8483 4660 4200 3500 3600 3000
Imports 9576 10000 11700 12600 13800 18000
Current Account -5113 -9000 -9800 -10500 -12700 -18000
Current Account to GDP -2.4 -6 -6 -7 -7 -8
External Debt 28 247 410 248 250 421
Gold Reserves 150 135 134 131 133 132
Crude Oil Production 1531 1500 1370 1400 1450 1700
Terrorism Index 3.63 3.9 3.9 4.2 4.2 4
Foreign Direct Investment 12 -2000 -2500 -2700 -2800 -3000