Venezuela (2006) | Venezuela (2008) | |
Age structure | 0-14 years: 29.1% (male 3,860,116/female 3,620,440)
15-64 years: 65.7% (male 8,494,944/female 8,410,874) 65 years and over: 5.2% (male 609,101/female 734,960) (2006 est.) |
0-14 years: 31.6% (male 4,169,979/female 4,046,170)
15-64 years: 63.4% (male 8,120,661/female 8,369,065) 65 years and over: 5.1% (male 586,863/female 730,790) (2007 est.) |
Airports | 375 (2006) | 390 (2007) |
Airports - with paved runways | total: 129
over 3,047 m: 5 2,438 to 3,047 m: 11 1,524 to 2,437 m: 34 914 to 1,523 m: 60 under 914 m: 19 (2006) |
total: 128
over 3,047 m: 5 2,438 to 3,047 m: 10 1,524 to 2,437 m: 34 914 to 1,523 m: 61 under 914 m: 18 (2007) |
Airports - with unpaved runways | total: 246
1,524 to 2,437 m: 9 914 to 1,523 m: 90 under 914 m: 147 (2006) |
total: 262
2,438 to 3,047 m: 1 1,524 to 2,437 m: 15 914 to 1,523 m: 97 under 914 m: 149 (2007) |
Background | Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada, which became Colombia). 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. Hugo CHAVEZ, president since 1999, has promoted a controversial policy of "democratic socialism," which purports to alleviate social ills while at the same time attacking globalization and undermining regional stability. Current concerns include: a weakening of democratic institutions, political polarization, a politicized military, drug-related violence 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 three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada, which became Colombia). 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. Hugo CHAVEZ, president since 1999, seeks to implement his "21st Century Socialism," which purports to alleviate social ills while at the same time attacking globalization and undermining regional stability. Current concerns include: a weakening of democratic institutions, political polarization, a politicized military, drug-related violence 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 | 18.71 births/1,000 population (2006 est.) | 21.22 births/1,000 population (2007 est.) |
Budget | revenues: $39.63 billion
expenditures: $41.27 billion; including capital expenditures of $2.6 billion (2005 est.) |
revenues: $63.27 billion
expenditures: $68.22 billion (2007 est.) |
Capital | name: Caracas
geographic coordinates: 10 30 N, 66 56 W time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time) |
name: Caracas
geographic coordinates: 10 30 N, 66 56 W time difference: UTC-4.5 (half an hour ahead of Washington, DC during Standard Time) |
Death rate | 4.92 deaths/1,000 population (2006 est.) | 5.08 deaths/1,000 population (2007 est.) |
Debt - external | $41.51 billion (2005 est.) | $45.44 billion (31 December 2007 est.) |
Diplomatic representation from the US | chief of mission: Ambassador William R. BROWNFIELD
embassy: Calle F con Calle Suapure, Urbanizacion Colinas de Valle Arriba, Caracas 1080 mailing address: P. O. Box 62291, Caracas 1060-A; APO AA 34037 telephone: [58] (212) 975-9234, 975-6411 FAX: [58] (212) 975-8991 |
chief of mission: Ambassador Patrick DUDDY
embassy: Calle F con Calle Suapure, Urbanizacion Colinas de Valle Arriba, Caracas 1080 mailing address: P. O. Box 62291, Caracas 1060-A; APO AA 34037 telephone: [58] (212) 975-9234, 975-6411 FAX: [58] (212) 975-8991 |
Disputes - international | claims all of the area west of the Essequibo River in Guyana, preventing any discussion of a maritime boundary; Guyana has expressed its intention to join Barbados in asserting claims before the United Nations Convention on the Law of the Sea (UNCLOS) that Trinidad and Tobago's maritime boundary with Venezuela extends into their waters; dispute with Colombia over Los Monjes islands and maritime boundary near the Gulf of Venezuela; Colombian-organized illegal narcotics and paramilitary activities penetrate Venezuela's shared border region resulting in several thousand residents migrating away from the border; 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 Venezuela's claim that Aves Island sustains human habitation and other states' recognition of it | claims all of the area west of the Essequibo River in Guyana, preventing any discussion of a maritime boundary; Guyana has expressed its intention to join Barbados in asserting claims before the United Nations Convention on the Law of the Sea (UNCLOS) that Trinidad and Tobago's maritime boundary with Venezuela extends into their waters; dispute with Colombia over maritime boundary and Venezuelan-administered Los Monjes islands near the Gulf of Venezuela; Colombian-organized illegal narcotics and paramilitary activities penetrate Venezuela's shared border region; in 2006, an estimated 139,000 Colombians sought protection in 150 communities along the border in Venezuela; US, France, and the Netherlands recognize Venezuela's granting full effect to Aves Island, thereby claiming a Venezuelan EEZ/continental shelf extending over a large portion of the eastern Caribbean Sea; Dominica, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines protest Venezuela's full effect claim |
Economic aid - recipient | $74 million (2000) | $48.66 million (2005) |
Economy - overview | Venezuela continues to be highly dependent on the petroleum sector, accounting for roughly one-third of GDP, around 80% of export earnings, and over half of government operating revenues. Government revenue also has been bolstered by increased tax collection, which has surpassed its 2005 collection goal by almost 50%. Tax revenue is the primary source of non-oil revenue, which accounts for 53% of the 2006 budget. A disastrous two-month national oil strike, from December 2002 to February 2003, temporarily halted economic activity. The economy remained in depression in 2003, declining by 9.2% after an 8.9% fall in 2002. Output recovered strongly in 2004-2005, aided by high oil prices and strong consumption growth. Venezuela continues to be an important source of crude oil for the US market. Both inflation and unemployment remain fundamental problems. | Venezuela remains highly dependent on oil revenues, which account for roughly 90% of export earnings, more than 50% of the federal budget revenues, and around 30% of GDP. A nationwide strike between December 2002 and February 2003 had far-reaching economic consequences - real GDP declined by around 9% in 2002 and 8% in 2003 - but economic output since then has recovered strongly. Fueled by high oil prices, record government spending helped to boost GDP in 2006 by about 9% and in 2007 by about 8%. This spending, combined with recent minimum wage hikes and improved access to domestic credit, has created a consumption boom but has come at the cost of higher inflation-roughly 20 percent in 2007. Imports also have jumped significantly. Embolden by his December 2006 reelection, President Hugo CHAVEZ in 2007 nationalized firms in the petroleum, communications, and electricity sectors, which reduced foreign influence in the economy. Although voters in December 2007 rejected CHAVEZ's proposed constitutional changes, CHAVEZ still has significant control of the economy and has indicated he intends to continue to consolidate and centralize authority over the economy by implementing "21st Century Socialism." |
Electricity - consumption | 81.32 billion kWh (2003) | 73.36 billion kWh (2005) |
Electricity - exports | 0 kWh (2003) | 0 kWh (2005) |
Electricity - imports | 0 kWh (2003) | 0 kWh (2005) |
Electricity - production | 87.44 billion kWh (2003) | 99.2 billion kWh (2005) |
Exchange rates | bolivares per US dollar - 2,089.8 (2005), 1,891.3 (2004), 1,607 (2003), 1,161 (2002), 723.7 (2001) | bolivares per US dollar - 2,147 (2007), 2,147 (2006), 2,089.8 (2005), 1,891.3 (2004), 1,607 (2003) |
Executive branch | chief of state: President Hugo CHAVEZ Frias (since 3 February 1999); Vice President Jose Vicente RANGEL Vale (since 28 April 2002); note - the president is both the chief of state and head of government
head of government: President Hugo CHAVEZ Frias (since 3 February 1999); Vice President Jose Vicente RANGEL Vale (since 28 April 2002) cabinet: Council of Ministers appointed by the president elections: president elected by popular vote for a six-year term (eligible for a second term); election last held 3 December 2006 (next to be held December 2012) note: in 1999, a National Constituent Assembly drafted a new constitution that increased the presidential term to six years; an election was subsequently held on 30 July 2000 under the terms of this new constitution election results: Hugo CHAVEZ Frias reelected president; percent of vote - Hugo CHAVEZ Frias 63%, Manuel ROSALES 37% |
chief of state: President Hugo CHAVEZ Frias (since 3 February 1999); Executive Vice President Ramon Alonzo CARRIZALEZ Rengifo (since 4 January 2008); note - the president is both the chief of state and head of government
head of government: President Hugo CHAVEZ Frias (since 3 February 1999); Executive Vice President Ramon Alonzo CARRIZALEZ Rengifo (since 4 January 2008) cabinet: Council of Ministers appointed by the president elections: president elected by popular vote for a six-year term (eligible for a second term); election last held 3 December 2006 (next to be held in December 2012) note: in 1999, a National Constituent Assembly drafted a new constitution that increased the presidential term to six years; an election was subsequently held on 30 July 2000 under the terms of this constitution election results: Hugo CHAVEZ Frias reelected president; percent of vote - Hugo CHAVEZ Frias 62.9%, Manuel ROSALES 36.9% |
Exports | 2.1 million bbl/day (2004 est.) | 2.203 million bbl/day (2006 est.) |
Exports - partners | US 51.2%, Netherlands Antilles 7.3%, Canada 2.4% (2005) | US 46.2%, Netherlands Antilles 13.5%, China 3.2% (2006) |
GDP - composition by sector | agriculture: 4%
industry: 41.9% services: 54.1% (2005 est.) |
agriculture: 3.5%
industry: 40% services: 56.5% (2007 est.) |
GDP - real growth rate | 9.3% (2005 est.) | 8.3% (2007 est.) |
Heliports | 1 (2006) | 2 (2007) |
Household income or consumption by percentage share | lowest 10%: 0.8%
highest 10%: 36.5% (1998) |
lowest 10%: 0.7%
highest 10%: 35.2% (2003) |
Imports | NA bbl/day | 0 bbl/day (2006 est.) |
Imports - partners | US 31.6%, Colombia 11%, Brazil 9.1%, Mexico 6.9% (2005) | US 30.6%, Colombia 10.2%, Brazil 10.1%, Mexico 5.9%, China 4.9%, Panama 4.8% (2006) |
Industrial production growth rate | 7.2% (2005 est.) | 5.5% (2007 est.) |
Infant mortality rate | total: 21.54 deaths/1,000 live births
male: 24.58 deaths/1,000 live births female: 18.27 deaths/1,000 live births (2006 est.) |
total: 22.52 deaths/1,000 live births
male: 26.14 deaths/1,000 live births female: 18.72 deaths/1,000 live births (2007 est.) |
Inflation rate (consumer prices) | 16% (2005 est.) | 20.7% (Year ending November 2007) |
International organization participation | CAN, CDB, CSN, FAO, G-3, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITU, LAES, LAIA, Mercosur, MIGA, NAM, OAS, OPANAL, OPCW, OPEC, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO | CAN, Caricom (observer), CDB, CSN, FAO, G-3, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA, LAS (observer), Mercosur (associate), MIGA, NAM, OAS, OPANAL, OPCW, OPEC, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO |
Labor force | 12.31 million (2005 est.) | 12.5 million (2007 est.) |
Legislative branch | unicameral National Assembly or Asamblea Nacional (167 seats; members elected by popular vote to serve five-year terms; three seats reserved for the indigenous peoples of Venezuela)
elections: last held 4 December 2005 (next to be held in 2010) election results: percent of vote by party - NA%; seats by party - pro-government 167 (MVR 114, PODEMOS 15, PPT 11, indigenous 2, other 25), opposition 0 |
unicameral National Assembly or Asamblea Nacional (167 seats; members elected by popular vote to serve five-year terms; three seats reserved for the indigenous peoples of Venezuela)
elections: last held 4 December 2005 (next to be held in 2010) election results: percent of vote by party - NA; seats by party - pro-government 167 (MVR 114, PODEMOS 15, PPT 11, indigenous 2, other 25), opposition 0; total seats by party as of 1 January 2008 - pro-government 152 (PSUV 114, PPT 11, indigenous 2, other 25), PODEMOS 15 |
Life expectancy at birth | total population: 74.54 years
male: 71.49 years female: 77.81 years (2006 est.) |
total population: 73.28 years
male: 70.24 years female: 76.48 years (2007 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: 93% male: 93.3% female: 92.7% (2001 census) |
Merchant marine | total: 56 ships (1000 GRT or over) 824,941 GRT/1,327,924 DWT
by type: bulk carrier 7, cargo 10, chemical tanker 2, container 1, liquefied gas 6, passenger/cargo 12, petroleum tanker 18 foreign-owned: 13 (Denmark 3, Greece 3, India 1, Mexico 3, Panama 1, Russia 1, Spain 1) registered in other countries: 15 (Bahamas 1, Panama 14) (2006) |
total: 59 ships (1000 GRT or over) 808,721 GRT/1,285,783 DWT
by type: bulk carrier 7, cargo 14, chemical tanker 3, container 1, liquefied gas 6, passenger/cargo 10, petroleum tanker 17, refrigerated cargo 1 foreign-owned: 12 (Denmark 3, Greece 3, Mexico 3, Panama 1, Russia 1, Spain 1) registered in other countries: 11 (Bahamas 1, Panama 10) (2007) |
Military expenditures - dollar figure | $1.61 billion (2005 est.) | - |
Net migration rate | 0 migrant(s)/1,000 population (2006 est.) | -1.28 migrant(s)/1,000 population (2007 est.) |
Pipelines | extra heavy crude 992 km; gas 5,369 km; oil 7,607 km; refined products 1,681 km; unknown (oil/water) 141 km (2006) | extra heavy crude oil 992 km; gas 5,400 km; oil 7,607 km; refined products 1,650 km; unknown (oil/water) 141 km (2007) |
Political parties and leaders | Christian Democrats or COPEI [Eduardo FERNANDEZ]; Democratic Action or AD [Jesus MENDEZ Quijada]; Fatherland for All or PPT [Jose ALBORNOZ]; Fifth Republic Movement or MVR [Hugo CHAVEZ]; Justice First [Julio BORGES]; Movement Toward Socialism or MAS [Hector MUJICA]; Venezuela Project or PV [Henrique SALAS Romer]; We Can or PODEMOS [Ismael GARCIA] | A New Time or UNT [Manuel ROSALES]; Christian Democrats or COPEI [Cesar PEREZ Vivas]; Communist Party of Venezuela or PCV [Jeronimo CARRERA]; Democratic Action or AD [Henry RAMOS Allup]; Fatherland for All or PPT [Jose ALBORNOZ]; Justice First [Julio BORGES]; Movement Toward Socialism or MAS [Hector MUJICA]; United Socialist Party of Venezuela or PSUV [Hugo CHAVEZ]; Venezuela Project or PV [Henrique SALAS Romer]; We Can or PODEMOS [Ismael GARCIA] |
Population | 25,730,435 (July 2006 est.) | 26,023,528 (July 2007 est.) |
Population below poverty line | 47% (1998 est.) | 37.9% (end 2005 est.) |
Population growth rate | 1.38% (2006 est.) | 1.486% (2007 est.) |
Railways | total: 682 km
standard gauge: 682 km 1.435-m gauge (2005) |
total: 682 km
standard gauge: 682 km 1.435-m gauge (2006) |
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: 0.83 male(s)/female total population: 1.02 male(s)/female (2006 est.) |
at birth: 1.05 male(s)/female
under 15 years: 1.031 male(s)/female 15-64 years: 0.97 male(s)/female 65 years and over: 0.803 male(s)/female total population: 0.98 male(s)/female (2007 est.) |
Telephone system | general assessment: modern and expanding
domestic: domestic satellite system with 3 earth stations; recent substantial improvement in telephone service in rural areas; substantial increase in digitalization of exchanges and trunk lines; installation of a national interurban fiber-optic network capable of digital multimedia services international: country code - 58; 3 submarine coaxial cables; satellite earth stations - 1 Intelsat (Atlantic Ocean) and 1 PanAmSat; participating with Colombia, Ecuador, Peru, and Bolivia in the construction of an international fiber-optic network |
general assessment: modern and expanding
domestic: domestic satellite system with 3 earth stations; recent substantial improvement in telephone service in rural areas; substantial increase in digitalization of exchanges and trunk lines; installation of a national interurban fiber-optic network capable of digital multimedia services; fixed-line teledensity, at 16 per 100 persons, is low by regional standards; mobile-cellular subscribership jumped 50 percent in 2006 international: country code - 58; submarine cable systems provide connectivity to the Caribbean, Central and South America, and US; satellite earth stations - 1 Intelsat (Atlantic Ocean) and 1 PanAmSat; participating with Colombia, Ecuador, Peru, and Bolivia in the construction of an international fiber-optic network |
Telephones - main lines in use | 3,605,500 (2005) | 4.217 million (2006) |
Telephones - mobile cellular | 12.496 million (2005) | 18.79 million (2006) |
Total fertility rate | 2.23 children born/woman (2006 est.) | 2.55 children born/woman (2007 est.) |
Unemployment rate | 12.2% (2005 est.) | 9.1% (2007 est.) |
Waterways | 7,100 km
note: Orinoco River and Lake de Maracaibo navigable by oceangoing vessels, Orinoco for 400 km (2005) |
7,100 km
note: Orinoco River (400 km) and Lake de Maracaibo navigable by oceangoing vessels (2005) |