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Compare Venezuela (2003) - Venezuela (2002)

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 Venezuela (2003)Venezuela (2002)
 VenezuelaVenezuela
Age structure 0-14 years: 31% (male 3,944,749; female 3,700,799)


15-64 years: 64.1% (male 7,931,194; female 7,864,697)


65 years and over: 4.9% (male 552,291; female 660,964) (2003 est.)
0-14 years: 31.6% (male 3,955,132; female 3,710,159)


15-64 years: 63.6% (male 7,756,362; female 7,695,738)


65 years and over: 4.8% (male 533,559; female 636,720) (2002 est.)
Airports 373 (2002) 372 (2001)
Background Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Colombia and Ecuador). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who promoted the oil industry and allowed for some social reforms. Democratically elected governments have held sway since 1959. Current concerns include: an embattled president who is losing his once solid support among Venezuelans, a divided military, drug-related conflicts along the Colombian border, increasing internal drug consumption, overdependence on the petroleum industry with its price fluctuations, and irresponsible mining operations that are endangering the rain forest and indigenous peoples. Venezuela was one of the three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Colombia and Ecuador). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who promoted the oil industry and allowed for some social reforms. Democratically-elected governments have held sway since 1959. Current concerns include: an embattled president who is losing his once solid support among Venezuelans, a divided military, drug-related conflicts along the Colombian border, increasing internal drug consumption, overdependence on the petroleum industry with its price fluctuations, and irresponsible mining operations that are endangering the rain forest and indigenous peoples.
Birth rate 19.78 births/1,000 population (2003 est.) 20.22 births/1,000 population (2002 est.)
Budget revenues: $21.5 billion


expenditures: $27 billion, including capital expenditures of $NA (2000 est.)
revenues: $21.5 billion


expenditures: $27 billion, including capital expenditures of $NA (2000 est.) (2000 est.)
Death rate 4.9 deaths/1,000 population (2003 est.) 4.91 deaths/1,000 population (2002 est.)
Debt - external $38.2 billion (2000) $34.5 billion (2000) (2000)
Diplomatic representation in the US chief of mission: Ambassador Bernardo ALVAREZ


chancery: 1099 30th Street NW, Washington, DC 20007


telephone: [1] (202) 342-2214


FAX: [1] (202) 342-6820


consulate(s) general: Boston, Chicago, Houston, Miami, New Orleans, New York, San Francisco, and San Juan (Puerto Rico)
chief of mission: Ambassador (vacant); Charge d' Affaires Luis HERERRA Marcano


chancery: 1099 30th Street NW, Washington, DC 20007


telephone: [1] (202) 342-2214


FAX: [1] (202) 342-6820


consulate(s) general: Boston, Chicago, Houston, Miami, New Orleans, New York, San Francisco, and San Juan (Puerto Rico)
Disputes - international claims all of Guyana west of the Essequibo River; maritime boundary dispute with Colombia in the Gulf of Venezuela and the Caribbean Sea; US, France and the Netherlands recognize Venezuela's claim to give full effect to Aves Island, which creates a Venezuelan EEZ/continental shelf extending over a large portion of the Caribbean Sea; Dominica, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines protest the claim and other states' recognition of it claims all of Guyana west of the Essequibo (river); maritime boundary dispute with Colombia in the Gulf of Venezuela; several Caribbean states protest Venezuela's claim to Islas des Aves (Bird Islands), 565 km from Venezuelan mainland
Economic aid - recipient $74 million (2000) $35 million with more assistance likely as a result of flooding (1999)
Economy - overview Venezuela continues to be highly dependent on the petroleum sector, which accounts for roughly one-third of GDP, around 80% of export earnings, and more than half of government operating revenues. Despite higher oil prices at the end of 2002 and into 2003, domestic political instability, culminating in a two-month national oil strike from December 2002 to February 2003, temporarily halted economic activity. The economy is likely to remain in a recession in 2003, after sinking an estimated 8.9 percent in 2002. The petroleum sector dominates the economy, accounting for roughly a third of GDP, around 80% of export earnings, and more than half of government operating revenues. Venezuelan officials estimate that GDP grew by 2.7% in 2001. A strong rebound in international oil prices fueled the recovery from the steep recession in 1999. Nevertheless, a weak nonoil sector and capital flight - and a temporary fall in oil prices - undercut the recovery. In early 2002, President CHAVEZ changed the exchange rate regime from a crawling peg to a free floating exchange rate, causing the bolivar to depreciate significantly.
Electricity - consumption 81.47 billion kWh (2001) 75.101 billion kWh (2000)
Electricity - exports 0 kWh (2001) 0 kWh (2000)
Electricity - imports 0 kWh (2001) 0 kWh (2000)
Electricity - production 87.6 billion kWh (2001) 80.754 billion kWh (2000)
Electricity - production by source fossil fuel: 31.7%


hydro: 68.3%


nuclear: 0%


other: 0% (2001)
fossil fuel: 23%


hydro: 77%


nuclear: 0%


other: 0% (2000)
Exchange rates bolivares per US dollar - 1,160.44 (2002), 723.67 (2001), 679.96 (2000), 605.72 (1999), 547.56 (1998) bolivares per US dollar - 761.225 (January 2002), 723.666 (2001), 679.960 (2000), 605.717 (1999), 547.556 (1998), 488.635 (1997)
Exports NA (2001) $29.5 billion f.o.b. (2001)
Exports - partners US 53.4%, Netherlands Antilles 17.3%, Canada 2.9% (2002) US 60%, Brazil 5.5%, Colombia 3.5%, Italy 3.5%, Spain 3.4% (2000)
GDP purchasing power parity - $131.7 billion (2002 est.) purchasing power parity - $146.2 billion (2001 est.)
GDP - composition by sector agriculture: 5%


industry: 50%


services: 45% (2001)
agriculture: 5%


industry: 40%


services: 55% (2001 est.)
GDP - per capita purchasing power parity - $5,400 (2002 est.) purchasing power parity - $6,100 (2001 est.)
GDP - real growth rate -8.9% (2002 est.) 2.7% (2001 est.)
Highways total: 96,155 km


paved: 32,308 km


unpaved: 63,847 km (1999 est.)
total: 96,155 km


paved: 32,308 km


unpaved: 63,847 km (1997 est.)
Household income or consumption by percentage share lowest 10%: 0.8%


highest 10%: 36.5% (1998)
lowest 10%: 2%


highest 10%: 38% (1997) (1997)
Imports NA (2001) $18.4 billion f.o.b. (2001)
Imports - partners US 27.5%, Colombia 6.9%, Brazil 5.7%, Mexico 4.4% (2002) US 35.8%, Colombia 6.8%, Brazil 4.5%, Germany 3.9%, Italy 3.9% (2000)
Industrial production growth rate -5.4% (2002 est.) NA%
Infant mortality rate total: 23.79 deaths/1,000 live births


male: 27.05 deaths/1,000 live births


female: 20.28 deaths/1,000 live births (2003 est.)
24.58 deaths/1,000 live births (2002 est.)
Inflation rate (consumer prices) 31.2% (2002 est.) 12.3% (2001) (2001)
International organization participation CAN, Caricom (observer), CDB, ECLAC, FAO, G-3, G-15, G-19, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, LAES, LAIA, NAM, OAS, OPANAL, OPCW, OPEC, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIKOM, UNU, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTrO CAN, Caricom (observer), CCC, CDB, ECLAC, FAO, G-3, G-15, G-19, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, LAES, LAIA, NAM, OAS, OPANAL, OPCW, OPEC, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIKOM, UNU, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO
Labor force 9.9 million (1999) 9.9 million (1999) (1999)
Life expectancy at birth total population: 73.81 years


male: 70.78 years


female: 77.07 years (2003 est.)
total population: 73.56 years


male: 70.53 years


female: 76.81 years (2002 est.)
Literacy definition: age 15 and over can read and write


total population: 93.4%


male: 93.8%


female: 93.1% (2003 est.)
definition: age 15 and over can read and write


total population: 91.1%


male: 91.8%


female: 90.3% (1995 est.)
Merchant marine total: 47 ships (1,000 GRT or over) 714,073 GRT/1,256,667 DWT


ships by type: bulk 6, cargo 8, chemical tanker 1, container 1, liquefied gas 4, passenger/cargo 1, petroleum tanker 15, roll on/roll off 10, short-sea passenger 1


note: includes some foreign-owned ships registered here as a flag of convenience: Denmark 1, Greece 1, Italy 1, UK 1, US 2 (2002 est.)
total: 45 ships (1,000 GRT or over) totaling 716,361 GRT/1,267,095 DWT


ships by type: bulk 7, cargo 9, liquefied gas 3, passenger/cargo 1, petroleum tanker 14, roll on/roll off 10, short-sea passenger 1


note: includes some foreign-owned ships registered here as a flag of convenience: Denmark 1, Greece 1, Italy 1, United Kingdom 1, United States 2 (2002 est.)
Military manpower - availability males age 15-49: 6,767,862 (2003 est.) males age 15-49: 6,647,718 (2002 est.)
Military manpower - fit for military service males age 15-49: 4,870,751 (2003 est.) males age 15-49: 4,786,849 (2002 est.)
Military manpower - military age 18 years of age (2003 est.) 18 years of age (2002 est.)
Military manpower - reaching military age annually males: 249,319 (2003 est.) males: 246,185 (2002 est.)
Net migration rate -0.07 migrant(s)/1,000 population (2003 est.) -0.11 migrant(s)/1,000 population (2002 est.)
Pipelines extra heavy crude 992 km; gas 5,262 km; oil 7,484 km; refined products 1,681 km; unknown (oil/water) 141 km (2003) crude oil 6,370 km; petroleum products 480 km; natural gas 4,010 km
Population 24,654,694 (July 2003 est.) 24,287,670 (July 2002 est.)
Population below poverty line 47% (1998 est.) 67% (1997 est.)
Population growth rate 1.48% (2003 est.) 1.52% (2002 est.)
Radios - 10.75 million (1997)
Railways total: 682 km


standard gauge: 682 km 1.435-m gauge (2002)
total: 682 km


standard gauge: 682 km 1.435-m gauge


note: 248 km of the existing system are privately owned; passenger services are nonexistent; however, a National Railways Plan, intended to provide a significant railway system, has been initiated (2001)
Sex ratio at birth: 1.08 male(s)/female


under 15 years: 1.07 male(s)/female


15-64 years: 1.01 male(s)/female


65 years and over: 0.84 male(s)/female


total population: 1.02 male(s)/female (2003 est.)
at birth: 1.07 male(s)/female


under 15 years: 1.07 male(s)/female


15-64 years: 1.01 male(s)/female


65 years and over: 0.84 male(s)/female


total population: 1.02 male(s)/female (2002 est.)
Total fertility rate 2.36 children born/woman (2003 est.) 2.41 children born/woman (2002 est.)
Unemployment rate 17% (2002 est.) 14.1% (2001 est.)
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