Current Account Balance: -$947 million (2017 est.)
-$3.87 billion (2016 est.)
Definition: This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
Source: CIA World Factbook - This page was last updated on January 20, 2018See Also
- Current Account Balance by year chart
- Current Account Balance rank chart
- Current Account Balance - comparative map
- Current account balance (BoP, current US$) - thematic map - World Bank indicator
- Current account balance (BoP, current US$) - country comparison - World Bank indicator
Related Data From the International Monetary Fund
Variable: Current account balance
Note: Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.
Units: U.S. dollars
Country-specific Note: Source: Central Bank. http://www.bcv.org.ve/c2/indicadores.asp Latest actual data: 2012. BOP for 2013Q1 available on central bank website. BOP Manual used: BPM 5. Venezuela compiles and disseminates BOP/IIP in BPM5. These historical data, for publication purposes in the IFS, are converted to BPM6 by STA. WEO data are published in BPM5. Primary domestic currency: Venezuelan bolívar fuerte Data last updated: 03/2015
Source: International Monetary Fund, World Economic Outlook Database, April 2015
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