8 00 N, 66 00 W

Map references:

South America

Area:

total: 912,050 sq km land: 882,050 sq km water: 30,000 sq km

Area - comparative:

slightly more than twice the size of California

Land boundaries:

total: 4,993 km border countries: Brazil 2,200 km, Colombia 2,050 km, Guyana 743 km

Coastline:

2,800 km

Maritime claims:

territorial sea: 12 nm contiguous zone: 15 nm exclusive economic zone: 200 nm continental shelf: 200-m depth or to the depth of exploitation

Climate:

tropical; hot, humid; more moderate in highlands

Terrain:

Andes Mountains and Maracaibo Lowlands in northwest; central plains (llanos); Guiana Highlands in southeast

Elevation extremes:

lowest point: Caribbean Sea 0 m highest point: Pico Bolivar (La Columna) 5,007 m

Natural resources:

petroleum, natural gas, iron ore, gold, bauxite, other minerals, hydropower, diamonds

Land use:

arable land: 2.85% permanent crops: 0.88% other: 96.27% (2005)

Irrigated land:

5,750 sq km (2003)

Total renewable water resources:

1,233.2 cu km (2000)

Freshwater withdrawal (domestic/industrial/agricultural):

total: 8.37 cu km/yr (6%/7%/47%) per capita: 313 cu m/yr (2000)

Natural hazards:

subject to floods, rockslides, mudslides; periodic droughts

Environment - current issues:

sewage pollution of Lago de Valencia; oil and urban pollution of Lago de Maracaibo; deforestation; soil degradation; urban and industrial pollution, especially along the Caribbean coast; threat to the rainforest ecosystem from irresponsible mining operations

Environment - international agreements:

party to: Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Marine Life Conservation, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands signed but not ratified:: none of the selected agreements

Geography - note:

on major sea and air routes linking North and South America; Angel Falls in the Guiana Highlands is the world's highest waterfall

People
Venezuela

Population:

26,414,816 (July 2008 est.)

Age structure:

0-14 years: 31% (male 4,162,862/female 4,034,044) 15-64 years: 63.8% (male 8,299,266/female 8,562,290) 65 years and over: 5.1% (male 602,725/female 753,628) (2008 est.)

Median age:

total: 25.2 years male: 24.6 years female: 25.8 years (2008 est.)

Population growth rate:

1.498% (2008 est.)

Birth rate:

20.92 births/1,000 population (2008 est.)

Death rate:

5.1 deaths/1,000 population (2008 est.)

Net migration rate:

-0.84 migrant(s)/1,000 population (2008 est.)

Sex ratio:

at birth: 1.05 male(s)/female under 15 years: 1.03 male(s)/female 15-64 years: 0.97 male(s)/female 65 years and over: 0.8 male(s)/female total population: 0.98 male(s)/female (2008 est.)

Infant mortality rate:

total: 22.02 deaths/1,000 live births male: 25.61 deaths/1,000 live births female: 18.26 deaths/1,000 live births (2008 est.)

Life expectancy at birth:

total population: 73.45 years male: 70.4 years female: 76.65 years (2008 est.)

Total fertility rate:

2.52 children born/woman (2008 est.)

HIV/AIDS - adult prevalence rate:

0.7%; note - no country specific models provided (2001 est.)

HIV/AIDS - people living with HIV/AIDS:

110,000 (1999 est.)

HIV/AIDS - deaths:

4,100 (2003 est.)

Major infectious diseases:

degree of risk: high food or waterborne diseases: bacterial diarrhea and hepatitis A vectorborne disease: dengue fever, malaria, and Venezuelan equine encephalitis (2008)

Nationality:

noun: Venezuelan(s) adjective: Venezuelan

Ethnic groups:

Spanish, Italian, Portuguese, Arab, German, African, indigenous people

Religions:

nominally Roman Catholic 96%, Protestant 2%, other 2%

Languages:

Spanish (official), numerous indigenous dialects

Literacy:

definition: age 15 and over can read and write total population: 93% male: 93.3% female: 92.7% (2001 census)

School life expectancy (primary to tertiary education):

total: 12 years male: 11 years female: 12 years (2003)

Education expenditures:

3.7% of GDP (2006)

Government
Venezuela

Country name:

conventional long form: Bolivarian Republic of Venezuela conventional short form: Venezuela local long form: Republica Bolivariana de Venezuela local short form: Venezuela

Government type:

federal republic

Capital:

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)

Administrative divisions:

23 states (estados, singular - estado), 1 capital district* (distrito capital), and 1 federal dependency** (dependencia federal); Amazonas, Anzoategui, Apure, Aragua, Barinas, Bolivar, Carabobo, Cojedes, Delta Amacuro, Dependencias Federales**, Distrito Federal*, Falcon, Guarico, Lara, Merida, Miranda, Monagas, Nueva Esparta, Portuguesa, Sucre, Tachira, Trujillo, Vargas, Yaracuy, Zulia note: the federal dependency consists of 11 federally controlled island groups with a total of 72 individual islands

Independence:

5 July 1811 (from Spain)

National holiday:

Independence Day, 5 July (1811)

Constitution:

30 December 1999

Legal system:

open, adversarial court system; has not accepted compulsory ICJ jurisdiction

Suffrage:

18 years of age; universal

Executive branch:

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%

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; total seats by party as of 1 January 2008 - pro-government 152 (PSUV 114, PPT 11, indigenous 2, other 25), PODEMOS 15

Judicial branch:

Supreme Tribunal of Justice or Tribuna Suprema de Justicia (magistrates are elected by the National Assembly for a single 12-year term)

Political parties and leaders:

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]

Political pressure groups and leaders:

FEDECAMARAS, a conservative business group; VECINOS groups; Venezuelan Confederation of Workers or CTV (labor organization dominated by the Democratic Action)

International organization participation:

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, RG, UN, UNASUR, UNCTAD, UNESCO, UNHCR, UNIDO, Union
Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO

Diplomatic representation in the US:

chief of mission: Ambassador (vacant); Charge d'Affaires Angelo SANTOS chancery: 1099 30th Street NW, Washington, DC 20007 telephone: (202) 342-2214 FAX: (202) 342-6820 consulate(s) general: Boston, Chicago, Houston, Miami, New Orleans, New York, San Francisco, San Juan (Puerto Rico)

Diplomatic representation from the US:

chief of mission: Ambassador (vacant); Charge d'Affaires John CAULFIELD 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: (212) 975-6411, 907-8400 (after hours) FAX: (212) 907-8199

Flag description:

three equal horizontal bands of yellow (top), blue, and red with the coat of arms on the hoist side of the yellow band and an arc of eight white five-pointed stars centered in the blue band

Economy
Venezuela

Economy - overview:

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."

GDP (purchasing power parity):

$334.3 billion (2007 est.)

GDP (official exchange rate):

$236.4 billion (2007 est.)

GDP - real growth rate:

8.4% (2007 est.)

GDP - per capita (PPP):

$12,800 (2007 est.)

GDP - composition by sector:

agriculture: 3.8% industry: 38.4% services: 57.8% (2007 est.)

Labor force:

12.37 million (2007 est.)

Labor force - by occupation:

agriculture: 13% industry: 23% services: 64% (1997 est.)

Unemployment rate:

8.5% (2007 est.)

Population below poverty line:

37.9% (end 2005 est.)

Household income or consumption by percentage share:

lowest 10%: 0.7% highest 10%: 35.2% (2003)

Distribution of family income - Gini index:

48.2 (2003)

Investment (gross fixed):

23.7% of GDP (2007 est.)

Budget:

revenues: $65.83 billion expenditures: $58.9 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

19.3% of GDP (2007 est.)

Inflation rate (consumer prices):

18.7% (2007 est.)

Central bank discount rate:

28.5% (31 December 2007)

Commercial bank prime lending rate:

17.11% (31 December 2007)

Stock of money:

$63.18 billion (31 December 2007)

Stock of quasi money:

$8.889 billion (31 December 2007)

Stock of domestic credit:

$50.24 billion (31 December 2007)

Agriculture - products:

corn, sorghum, sugarcane, rice, bananas, vegetables, coffee; beef, pork, milk, eggs; fish

Industries:

petroleum, construction materials, food processing, textiles; iron ore mining, steel, aluminum; motor vehicle assembly

Industrial production growth rate:

3.9% (2007 est.)

Electricity - production:

110.7 billion kWh (2007 est.)

Electricity - consumption:

83.84 billion kWh (2006 est.)

Electricity - exports:

542 million kWh (2006 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 31.7% hydro: 68.3% nuclear: 0% other: 0% (2001)

Oil - production:

2.667 million bbl/day (2007 est.)

Oil - consumption:

738,300 bbl/day (2007 est.)

Oil - exports:

2.203 million bbl/day (2006 est.)

Oil - imports:

0 bbl/day (2006 est.)

Oil - proved reserves:

87.04 billion bbl (1 January 2008 est.)

Natural gas - production:

26.5 billion cu m (2007 est.)

Natural gas - consumption:

26.5 billion cu m (2007 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

0 cu m (2007 est.)

Natural gas - proved reserves:

4.708 trillion cu m (1 January 2008 est.)

Current account balance:

$20 billion (2007 est.)

Exports:

$69.17 billion f.o.b. (2007 est.)

Exports - commodities:

petroleum, bauxite and aluminum, steel, chemicals, agricultural products, basic manufactures

Exports - partners:

US 42.7%, Netherlands Antilles 8%, China 3.1% (2007)

Imports:

$45.46 billion f.o.b. (2007 est.)

Imports - commodities:

raw materials, machinery and equipment, transport equipment, construction materials

Imports - partners:

US 26.6%, Colombia 13.5%, Brazil 9.5%, China 6.7%, Mexico 5.2%,
Panama 5% (2007)

Economic aid - recipient:

$48.66 million (2005)

Reserves of foreign exchange and gold:

$33.48 billion (31 December 2007 est.)

Debt - external:

$43.33 billion (31 December 2007 est.)

Stock of direct foreign investment - at home:

$43.96 billion (2007 est.)

Stock of direct foreign investment - abroad:

$13.81 billion (2007 est.)

Market value of publicly traded shares:

$8.251 billion (2006)

Currency (code):

bolivar (VEB)

Currency code: