Venezuela's debt has exploded to $156 billion, according to a new report

Venezuela's external debt rose to $156 billion in 2018, a new report estimates. 
That means the amount it owes is about 738% of the value of exports.
As oil exports continue to decline, debt will pile up at an increasing rate.As Venezuela's crisis deepens, it's spiraling further into the red. 
External debt in the collapsing country has more than doubled over the past decade, economists at the Institute of International Finance estimated in a new report, rising to about $156 billion in