Venezuela
Bolivarian Republic of VenezuelaRepublica Bolivariana de Venezuela
federal republicIndependence 5 July 1811 (from Spain)
Venezuela as the 2010 edition of the CIA World Factbook published it: 140 fields, one of 36 editions from 1990 to 2025.
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Introduction
1 fieldBackground
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 capitalist globalization and existing democratic institutions.
Current concerns include: a weakening of democratic institutions, political polarization, a politicized military, drug-related violence along the Colombian border, overdependence on the petroleum industry with its price fluctuations, and irresponsible mining operations that are endangering the rain forest and indigenous peoples.
Geography
Northern South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana
20 fieldsLand useshare of 912,050 sq km
Location
Northern South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana
Terrain
- Andes Mountains and Maracaibo Lowlands in northwest;
- central plains (llanos);
- Guiana Highlands in southeast
Natural resources
petroleum, natural gas, iron ore, gold, bauxite, other minerals, hydropower, diamonds
Freshwater withdrawal (domestic/industrial/agricultural)
- total:
- 8.37 cu km/yr (6%/7%/47%)
- per capita:
- 313 cu m/yr (2000)
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
23 fieldsAge structuremale left, female right · (2010 est.)
Per 1,000 population
Male · female
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:
- 0.79 male(s)/female
- total population:
- 0.98 male(s)/female (2010 est.)
Major infectious diseases
- degree of risk:
- high
- food or waterborne diseases:
- bacterial diarrhea
- vectorborne disease:
- dengue fever and malaria (2009)
Government
Federal republic; President Hugo CHAVEZ Frias (since 3 February 1999); President Hugo CHAVEZ Frias (since 3 February 1999)
19 fieldsPresidential electionpercent of vote
National Assembly or Asamblea Nacional, 165 seats, elected 26 September 2010one dot, one seat
Percent of vote
Country name
- conventional long form:
- Bolivarian Republic of Venezuela
- conventional short form:
- Venezuela
- local long form:
- Republica Bolivariana de Venezuela
- local short form:
- Venezuela
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 (Federal Dependencies)**, Distrito Capital (Capital District)*, 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
Executive branch
- chief of state:
- President Hugo CHAVEZ Frias (since 3 February 1999);
- Executive Vice President Elias JAUA Milano (since 26 January 2010);
- 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 Elias JAUA Milano (since 26 January 2010)
- cabinet:
- Council of Ministers appointed by the president; (For more information visit theWorld Leaders website)
- elections:
- president elected by popular vote for a six-year term (eligible for unlimited reelection);
- election last held on 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;
in 2009, a national referendum approved the elimination of term limits on all elected officials, including the presidency
- 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 (165 seats; members elected by popular vote to serve five-year terms; three seats reserved for the indigenous peoples of Venezuela)
- elections:
- last held on 26 September 2010 (next to be held in 2015)
- election results:
- percent of vote by party - pro-government 48.9%, opposition coalition 47.9%, other 3.2%; seats by party - pro-government 98, opposition 65, other 2
Judicial branch
Supreme Tribunal of Justice or Tribunal Supremo de Justicia (32 magistrates are elected by the National Assembly for a single 12-year term)
Political parties and leaders
- A New Time or UNT [Omar BARBOZA];
- Brave People's Alliance or ABP [Oscar PEREZ];
- Christian Democrats or COPEI [Luis Ignacio PLANAS];
- Communist Party of Venezuela or PCV [Oscar FIGUERA];
- Democratic Action or AD [Henry RAMOS Allup];
- Fatherland for All or PPT [Jose ALBORNOZ];
- For Social Democracy or PODEMOS [Ramon MARTINEZ];
- Justice First [Julio BORGES];
- Movement Toward Socialism or MAS [Felipe MUJICA];
- United Socialist Party of Venezuela or PSUV [Hugo CHAVEZ];
- Venezuela Project or PV [Henrique SALAS Romer]
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, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, 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
Diplomatic representation in the US
- chief of mission:
- Ambassador Bernardo ALVAREZ Herrera
- 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, San Juan (Puerto Rico)
Diplomatic representation from the US
- chief of mission:
- Ambassador (vacant)
- 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) 975-6411, 907-8400 (after hours)
- FAX:
- [58] (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;
- the flag retains the three equal horizontal bands and three main colors of the banner of Gran Colombia, the South American republic that broke up in 1830;
- yellow is interpreted as standing for the riches of the land, blue for the courage of its people, and red for the blood shed in attaining independence;
- the seven stars on the original flag represented the seven provinces in Venezuela that united in the war of independence;
- in 2006, President Hugo CHAVEZ ordered an eighth star added to the star arc - a decision that sparked much controversy
National anthem
- name:
- "Gloria al bravo pueblo" (Glory to the Brave Nation)
- lyrics/music:
- Vicente SALIAS/Juan Jose LANDAETA
note: adopted 1881; the lyrics were written in 1810, the music some years later; both SALIAS and LANDAETA were executed in 1814 during Venezuela's struggle for independence
Economy
50 fieldsGDP - composition by sector(2010 est.)
Electricity
Economy - overview
Venezuela remains highly dependent on oil revenues, which account for roughly 95% of export earnings, about 55% 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 by about 10% in 2006, 8% in 2007, and nearly 5% in 2008, before a sharp drop in oil prices caused a contraction in 2009-10. 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 32% in 2008, and slowing only slightly to 30% in 2010, despite the lengthy downturn.
Imports also jumped significantly before the recession of 2009. President Hugo CHAVEZ's continued efforts to increase the government's control of the economy by nationalizing firms in the agribusiness, financial, construction, oil, and steel sectors have hurt the private investment environment, reduced productive capacity, and slowed non-petroleum exports.
In the first half of 2010 Venezuela faced the prospect of lengthy nationwide blackouts when its main hydroelectric power plant - which provides more than 35% of the country's electricity - nearly shut down. In January, 2010, CHAVEZ announced a dual exchange rate system for the bolivar and closed the unofficial foreign exchange market - the "parallel" market - in an effort to stem inflation and slow the currency's depreciation.
The foreign exchange system offers a 2.6 bolivar per dollar rate for imports of essentials, including food, medicine, and industrial machinery, and a 4.3 bolivar per dollar rate for imports of other products, including cars and telephones.
Distribution of family income - Gini index
41 (2009) · 49.5 (1998) country comparison to the world: 57
Central bank discount rate
29.5% (31 December 2009) · 33.5% (31 December 2008) country comparison to the world: 3
Commercial bank prime lending rate
19.89% (31 December 2009 est.) · 22.37% (31 December 2008 est.) country comparison to the world: 12
Stock of narrow money
$69.36 billion (31 December 2010 est) · $93.19 billion (31 December 2009 est) country comparison to the world: 37
Stock of broad money
$78.11 billion (31 December 2010 est.) · $107 billion (31 December 2009 est.) country comparison to the world: 58
Stock of domestic credit
$54.22 billion (31 December 2010 est.) · $75.87 billion (31 December 2009 est.) country comparison to the world: 62
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
Natural gas - proved reserves
4.983 trillion cu m (1 January 2010 est.) country comparison to the world: 9
Current account balance
$22.07 billion (2010 est.) · $8.561 billion (2009 est.) country comparison to the world: 15
Exports - commodities
petroleum, bauxite and aluminum, minerals, chemicals, agricultural products, basic manufactures
Exports - partners
US 35.18%, Netherlands Antilles 8.56% note: excludes oil exports; Venezuela last published petroleum figures by country in 2008 (2009)
Imports - commodities
agricultural products, raw materials, machinery and equipment, transport equipment, construction materials
Reserves of foreign exchange and gold
$29.49 billion (31 December 2010 est.) · $35 billion (31 December 2009 est.) country comparison to the world: 35
Debt - external
$55.61 billion (31 December 2010 est.) · $53.58 billion (31 December 2009 est.) country comparison to the world: 54
Stock of direct foreign investment - at home
$37.71 billion (31 December 2010 est.) · $41.21 billion (31 December 2009 est.) country comparison to the world: 58
Stock of direct foreign investment - abroad
$20.97 billion (31 December 2010 est.) · $17.67 billion (31 December 2009 est.) country comparison to the world: 39
Exchange rates
bolivars (VEB) per US dollar - 4.3039 (2010), 2.1522 (2009), 2.147 (2008), 2,147 (2007), 2,147 (2006)
Communications
7 fieldsTelephone 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;
- combined fixed and mobile-cellular telephone subscribership 130 per 100 persons
- 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 (2009)
Broadcast media
- government supervises a mixture of state-run and private broadcast media;
- 1 state-run television network, 4 privately-owned TV networks, and a government-backed pan-American channel;
- state-run radio network includes 15 stations;
- large number of private broadcast radio stations (2007)
Transportation
11 fieldsMerchant marine, 59 ships by typeone square, one ship
Airports by runway lengthpaved only
Airports by runway lengthunpaved only
Networkskm
Pipelines
- extra heavy crude 980 km;
- gas 5,258 km;
- oil 6,695 km;
- refined products 1,484 km;
- unknown 141 km (2009)
Waterways
7,100 km country comparison to the world: 21 note: Orinoco River (400 km) and Lake de Maracaibo navigable by oceangoing vessels (2010)
Transportation - note
- the International Maritime Bureau reports the territorial and offshore waters in the Caribbean Sea as a significant risk for piracy and armed robbery against ships;
- numerous vessels, including commercial shipping and pleasure craft, have been attacked and hijacked both at anchor and while underway;
- crews have been robbed and stores or cargoes stolen
Military
6 fieldsMilitary branches
- National Bolivarian Armed Forces (Fuerza Armada Nacional Bolivariana, FANB): Bolivarian Army (Ejercito Bolivariano, EB), Bolivarian Navy (Armada Bolivariana, AB);
- includes Naval Infantry, Coast Guard, Naval Aviation), Bolivarian Military Aviation (Aviacion Militar Bolivariana, AMB), Bolivarian National Guard (Guardia Nacional Bolivaria, GNB), Bolivarian Militia (Milicia Bolivariana, MB) (2010)
Military service age and obligation
- 18-30 years of age for compulsory and voluntary military service;
- 30-month conscript service obligation;
- all citizens of military service age (18-60 years old) are obligated to register for military service (2010)
Manpower available for military service
- males age 16-49:
- 6,891,648
- females age 16-49:
- 7,047,565 (2010 est.)
Transnational Issues
3 fieldsDisputes - 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 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
Trafficking in persons
- current situation:
- Venezuela is a source, transit, and destination country for men, women, and children trafficked for the purposes of commercial sexual exploitation and forced labor;
- Venezuelan women and girls are trafficked within the country for sexual exploitation, lured from the nation's interior to urban and tourist areas;
- child prostitution in urban areas and child sex tourism in resort destinations appear to be growing;
- Venezuelan women and girls are trafficked for commercial sexual exploitation to Western Europe, Mexico, and Caribbean destinations
- tier rating:
- Tier 2 Watch List - Venezuela is placed on the Tier 2 Watch List, up from Tier 3, as it showed greater resolve to address trafficking through law enforcement measures and prevention efforts in 2007, although stringent punishment of offenders and victim assistance remain lacking (2008)
Illicit drugs
- small-scale illicit producer of opium and coca for the processing of opiates and coca derivatives;
- however, large quantities of cocaine, heroin, and marijuana transit the country from Colombia bound for US and Europe;
- significant narcotics-related money-laundering activity, especially along the border with Colombia and on Margarita Island;
- active eradication program primarily targeting opium;
- increasing signs of drug-related activities by Colombian insurgents on border
Cite this entry
Central Intelligence Agency. “Venezuela.” The World Factbook 2010. Archived by The Factbook, thefactbook.org/venezuela/2010.