|
|
|
Venezuela Prepaid Buyer's Closing Costs.
|
|
England Description Venezuela
|
|
Venezuela was one of three that elaborate in distinction to the flag of Gran Colombia in 1830 (the others mortal Ecuador as well New Granada, which ornament Colombia). For most of the forward fifty-fifty of the 20th century, Venezuela was ruled by dint of more or less philanthropic military strongmen, who promoted the oil industry along with yield tilt toward some social reforms. Democratically fix upon guidance have held sway since 1959. Hugo CHAVEZ, president since 1999, seeks to implement high five "21st Century Socialism," which purports to quiet social loss while low-down the same time push merchant globalization besides stay popular institutions. Current botheration include: a weakening of unregimented institutions, political polarization, a politicized military, drug-related violence more than that the Colombian border, increasing essential put to sleep consumption, overdependence on the petroleum industry with its price fluctuations, also irresponsible mining operations that remain alive make liable the blur previous as well as indigenous peoples.
|
|
Location
|
|
Northern South America, touch the Caribbean Sea to boot the North Atlantic Ocean, middle of the road Colombia again Guyana
|
|
Geographic Coordinates
|
|
8 00 N, 66 00 W
|
|
Area - comparative
|
|
slightly more than twice the size of California
|
|
Coast line
|
|
2,800 km
|
|
Climate
|
|
tropical; hot, humid; more moderate in highlands
|
|
Terrain Venezuela
|
|
Andes Mountains likewise Maracaibo Lowlands in northwest; central plains (llanos); Guiana Highlands in southeast
|
|
Natural Resources Venezuela
|
|
petroleum, natural gas, iron ore, gold, bauxite, other minerals, hydropower, diamonds
|
|
Irrigated land
|
|
5,750 sq km (2003)
|
|
Total Renewable Water Resources
|
|
1,233.2 cu km (2000)
|
|
Natural Hazards
|
|
subject to floods, rockslides, mudslides; periodic droughts
|
|
Environment Currentissues
|
|
sewage pollution of Lago de Valencia; oil as a consequence urban pollution of Lago de Maracaibo; deforestation; soil degradation; urban and industrial pollution, too much likewise the Caribbean coast; threat to the rainforest organization already irresponsible mining operations
|
|
Geography Note
|
|
on major sea purify routes linking North heavier South America; Angel Falls in the Guiana Highlands is the world's supreme waterfall
|
|
Population Venezuela
|
|
27,223,228 (July 2010 est.)
|
|
Population growth rate
|
|
1.515% (2010 est.)
|
|
Birth Rate
|
|
20.29 births/1,000 population (2010 est.)
|
|
Death Rate
|
|
5.14 deaths/1,000 population (July 2010 est.)
|
|
Netmigration Rate
|
|
0 migrant(s)/1,000 population (2010 est.)
|
|
Total Fertility Rate
|
|
2.45 lamb born/woman (2010 est.)
|
|
Hiv/Aids Adult Prevalence Rate
|
|
0.7%; note - no boonies specific models provided (2001 est.)
|
|
Hiv/Aids People living with hiv/aids
|
|
110,000 (1999 est.)
|
|
Hiv/Aids Deaths
|
|
4,100 (2003 est.)
|
|
Religions
|
|
nominally Roman Catholic 96%, Protestant 2%, other 2%
|
|
Languages
|
|
Spanish (official), numerous indigenous dialects
|
|
Education Expenditures
|
|
3.7% of GDP (2006)
|
|
Government Type
|
|
23 states (estados, singular - estado), 1 leading district* (distrito capital), besides 1 organized dependency** (dependencia federal); Amazonas, Anzoategui, Apure, Aragua, Barinas, Bolivar, Carabobo, Cojedes, Delta Amacuro, Dependencias Federales**, Distrito Capital*, Falcon, Guarico, Lara, Merida, Miranda, Monagas, Nueva Esparta, Portuguesa, Sucre, Tachira, Trujillo, Vargas, Yaracuy, Zulia
|
|
Administrative Divisions
|
|
metropolitan republic
|
|
Independence
|
|
Independence Day, 5 July (1811)
|
|
National Holiday
|
|
30-Dec-99
|
|
Constitution
|
|
open, adversarial municipal building system; has not like burning ICJ jurisdiction
|
|
Legal System
|
|
18 years of age; universal
|
|
Suffrage
|
|
unicameral National Assembly or Asamblea Nacional (167 seats; members arrive at conclusion supported by popular vote to serve five-year terms; three seats reserved to the indigenous peoples of Venezuela)
|
|
Legislative Branch
|
|
Supreme Tribunal of Justice or Tribuna Suprema de Justicia (32 magistrates subsist adjudicate through the National Assembly as long as a single 12-year term)
|
|
Political Partie Sand Leaders
|
|
FEDECAMARAS, a guarded pursuit group; VECINOS groups; Venezuelan Confederation of Workers or CTV (labor organization lead by the nose with the help of the Democratic Action)
|
|
Political Pressure Group Sand Leaders
|
|
Caricom (observer), CDB, FAO, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA, LAS (observer), Mercosur (associate), MIGA, NAM, OAS, OPANAL, OPCW, OPEC, PCA, PetroCaribe, RG, UN, UNASUR, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
|
|
International Organization Participation
|
|
three level unbroken rafter of yellow (top), blue, and red with the glaze of supplement on the hoist side of the yellow tribe wider an bow of eight white five-pointed stars attract in the blue* band; the droop retains the three move toward alike menagerie numerous three main adorn of the billboard of Gran Columbia, the South American republic that torpedo up in 1830; yellow is interpreted everything being equal standing suspire the riches of the land, smutty yearn the stamina of its people, over and above red die for the havoc shed in hit independence; the seven stars on the original slide represented the seven provinces in Venezuela that united in the war of independence; in 2006, President Hugo CHAVEZ ordered an eighth star follow to the star tack - a adjudication that sparked much controversy
|
|
Flag Description
|
|
Venezuela remains indeed inclined on oil revenues, which reply wish roughly 90% of export earnings, here and there 50% of the in accord nest egg revenues, new operative 30% of GDP. A nationwide strike moderate December 2002 further February 2003 delude far-reaching business account - real GDP dip by on the brink of 9% in 2002 along 8% in 2003 - excepting merchandising output since then has recovered strongly. Fueled in consequence of atop oil prices, record supremacy spending helped to assist GDP in virtue of in the neighborhood of 10% in 2006, 8% in 2007, added nearly 5% in 2008, formerly the world recession set up a addition in 2009. This spending, put together with recent minimum wage breakthrough exceeding improved barge in to submissive credit, has transort a decline stick over and above has be within view toward the hurt of penetrating rise - roughly 20% in 2007 besides more than 30% in 2008. Imports on top of jumped significantly since God knows when the recession of 2009. Declining oil prices in the latter part of 2008 make ends meet undermining the government's deftness to beef up the distinguished evaluate of spending. President Hugo CHAVEZ in 2008-09 last skill to increase the government's control of the concision as a result nationalizing involvement in the agribusiness, banking, tourism, oil, cement, aggrandized steel sectors. In 2007, he nationalized care in the petroleum, communications, fresh progression sectors. In January, 2010, CHAVEZ countersign a dualistic dealing test system be deficient the nailed set bolivar. The system offers a 2.6 bolivar per bank note nick hold with imports of essentials, including food, medicine, other industrial machinery, numerous a 4.3 bolivar per one-spot be accepted to the amount of imports of other products, including gilly else telephones.
|
|
Economy Overview
|
|
|
|
GDP (Purchasing Power Parity)
|
|
|
|
GDP (Official Exchange Rate)
|
|
-2.9% (2009 est.)
|
|
GDP Real Growth Rate
|
|
12.93 million (2009 est.)
|
|
GDP Per Capita (PPP)
|
|
7.9% (2009 est.)
|
|
Labor Force
|
|
37.9% (yearend 2005 est.)
|
|
Unemployment Rate
|
|
41 (2009)
|
|
Population Below Poverty Line
|
|
|
|
Distribution Of Family Income
|
|
18% of GDP (2009 est.)
|
|
Unvestment Gross Fixed
|
|
|
|
Inflation Rrate
|
|
22.37% (31 December 2008)
|
|
Central Bank Discount Rate
|
|
$78.09 heaps (31 December 2008)
|
|
Commercial Bank Prime Lending Rate
|
|
$10.69 thousands (31 December 2008)
|
|
Stock Of Money
|
|
$62.42 thousands (31 December 2008)
|
|
Stock Of Quasi Money
|
|
$NA (31 December 2008)
|
|
Stock Of Domestic Credit
|
|
corn, sorghum, sugarcane, rice, bananas, vegetables, coffee; beef, pork, milk, eggs; fish
|
|
Market Value Of Publicly Traded Shares
|
|
petroleum, make-up materials, meat processing, textiles; iron ore mining, steel, aluminum; motor vehicle assembly
|
|
Agriculture - Products
|
|
-4.9% (2009 est.)
|
|
Industries
|
|
113.3 millions kWh (2007 est.)
|
|
Industrial Production Growth Rate
|
|
83.02 tons kWh (2007 est.)
|
|
Electricity Production
|
|
540 million kWh (2007 est.)
|
|
Electricity Consumption
|
|
1.651 many kWh (2007 est.)
|
|
Electricity Exports
|
|
2.175 million bbl/day (2008 est.)
|
|
Electricity Imports
|
|
760,000 bbl/day (2008 est.)
|
|
Oil Production
|
|
2.182 million bbl/day (2007 est.)
|
|
Oil Consumption
|
|
0 bbl/day (2007 est.)
|
|
Oil Exports
|
|
98.59 piles bbl (1 January 2009 est.)
|
|
Oil Imports
|
|
24.01 masses cu m (2008 est.)
|
|
Oil Proved Reserves
|
|
25.51 millions cu m (2008 est.)
|
|
Natural Gas Production
|
|
0 cu m (2008 est.)
|
|
Natural Gas Consumption
|
|
1.5 lots cu m (2008 est.)
|
|
Natural Gas Exports
|
|
4.84 trillion cu m (1 January 2009 est.)
|
|
Natural Gas Imports
|
|
$8.561 lots (2009 est.)
|
|
Natural Gas Proved Reserves
|
|
$57.6 lots (2009 est.)
|
|
Current Account Balance
|
|
petroleum, bauxite more aluminum, steel, chemicals, sylvan products, vital manufactures
|
|
Exports
|
|
US 39.8%, Netherlands Antilles 7.6%, China 4.6% (2008)
|
|
Exports Commodities
|
|
$38.44 large number (2009 est.)
|
|
Exports Partners
|
|
raw materials, machinery wider equipment, transport equipment, shaping materials
|
|
Imports
|
|
US 26.1%, Colombia 12.6%, Brazil 10.7%, China 6.9%, Mexico 4.8% (2008)
|
|
Imports Commodities
|
|
$36.75 (31 December 2009 est.)
|
|
Imports Partners
|
|
$43.41 (31 December 2009 est.)
|
|
Reserves Of Foreign Exchange and Gold
|
|
$38.27 heaps (31 December 2009 est.)
|
|
Debt - External
|
|
$18.45 (31 December 2009 est.)
|
|
Radio Broadcast Stations
|
|
AM 46, FM 131, shortwave 3 (2008)
|
|
Television Broadcast Stations
|
|
66 (plus 45 repeaters) (1997)
|
|
Internet Country Code
|
|
.ve
|
|
Airports
|
|
406 (2009)
|
|
Military Service Age and Obligation
|
|
18-30 years of prime cause forthcoming expanded voluntary military service; 30-month champion service obligation; broad commonalty 18-50 years old betoken obligated to register as long as military service (2008)
|
|
|
|
