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Current Account Balance (As % of GDP) fell 149% to -4.14% in Venezuela in 2020

Current Account Balance (As % of GDP) (%), 2020
Economy | Venezuela | February 1, 2021
$2.99
Excel Sheet

Current account balance as a share of GDP fell 149% to -4.14% in Venezuela in 2020, according to the National Statistical Office.

Historically, current account balance as a share of GDP in Venezuela reached an all time high of 22.1% in 1974 and an all time low of -14.6% in 1978. When compared to Venezuela's main peers, current account balance as a share of GDP in Brazil amounted to 0.269%, -3.97% in Colombia, -22.0% in Guyana and -3.31% in Trinidad and Tobago in 2020.

Venezuela has been ranked 98th within the group of 172 countries we follow in terms of current account balance as a share of GDP, 50 places below the position seen 10 years ago.

Current Account Balance (As % of GDP) Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Bolivia % -3.31% -2.60% -3.54% -4.06% -4.09%
Brazil % -2.77% 0.269% 0.016% -0.044% -0.249%
Colombia % -4.25% -3.97% -3.92% -3.79% -3.80%
Guyana % -33.9% -22.0% -16.2% -14.2% -12.1%
Peru % -1.36% -1.06% -0.275% -0.576% -0.716%
Puerto Rico % ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Suriname % -11.1% -7.99% -6.16% -4.29% -5.12%
Trinidad and Tobago % 4.85% -3.31% 1.46% 1.71% 2.84%
Venezuela % 8.37% -4.14% -4.05% -4.55% 0.044% ... ...