Venezuela recorded a Current Account deficit of 3.50 percent of the country's Gross Domestic Product in 2020. source: IMF

Current Account to GDP in Venezuela averaged 4.35 percent of GDP from 1980 until 2020, reaching an all time high of 17.70 percent of GDP in 2005 and a record low of -9.20 percent of GDP in 1988. This page provides - Venezuela Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Current Account to GDP - values, historical data and charts - was last updated on December of 2021.

Current Account to GDP in Venezuela is expected to reach -4.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Current Account to GDP is projected to trend around -4.00 percent of GDP in 2022 and -2.50 percent of GDP in 2023, according to our econometric models.

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Venezuela Current Account to GDP

Related Last Previous Unit Reference
Current Account to GDP -3.50 8.40 percent of GDP Dec/20
Venezuela Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.