Source
Central bank

Central Bank of Venezuela

International Reserves

US$ 27.935 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 337.433 billion (2010 estimate)

GDP (Purchasing Power Parity)

396.848 billion of International dollars (2010 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
3.4% -8.9% -7.8% 18.3% 10.3% 9.9% 8.2% 5.3%
2009 2010 2011 2012*        
-3.2% -1.5% 4.2% 4.7%        

*Estimate

GDP per capita - current prices

US$ 11,114 (2010 estimate)

GDP per capita - PPP

$13,070 International Dollars (2010 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.73% 0.58% 0.49% 0.47% 0.47%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 3.9% 
  • industry: 35.6% 
  • services: 60.6% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
27.1%(2008) 28.2% 26.1% 31.6%

*Estimate

Unemployment rate
2009 2010 2011 2012*
7.9% 8.6% 8.1%(2009) 8%

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
26.3% 33.8% 40.2% 45.5% 51.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-2.6% -8.1% -5.9% -5.3% -5.9%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: B2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$8.86 billion US$3.991 billion US$5.143 billion
Largest companies in Venezuela

Mercantil Servicios (Investment services) (2012)

 
 
Source
Current account balance

US$ 24.9 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

7.4% of GDP (2010 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

28.7% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0.51%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0.04% (2011)(2007)

(Data were released in 2012)

Total exports

US$96.9 billion (2012 estimate) 

Export commodities

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

Total imports

US$56.69 billion (2012 estimate) 

 
 
Source
Import commodities

agricultural products, livestock, raw materials, machinery and equipment, transport equipment, construction materials, medical equipment, pharmaceuticals, chemicals, iron and steel products

Exports - major partners

US 39.9%, China 10.5%, India 6% (2009 estimate)

Imports - major partners

US 28.8%, China 15.2%, Brazil 10.7% (2009 estimate)

FDI inflows
2009 2010 2011
US$-2,536 million US$1,209 million(2009) US$5,302 million(2009)
FDI outflows
2009 2010 2011  
US$1,838 million US$2,671 million US$173 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
US$-1,358 million US$-2 million(2009) N/A(2009) US$-1,268 million
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 180 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 152 out of 185 countries(2009)

Enforcing Contracts: 80 out of 185 countries

Registering Property: 90 out of 185 countries

Getting credit: 159 out of 185 countries

Protecting investors: 181 out of 185 countries

Trading across border: 166 out of 185 countries

Paying Taxes: 185 out of 185 countries

Dealing with Construction Permits: 109 out of 185 countries

Getting Electricity: 160 out of 185 countries

Resolving Insolvency: 163 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

126

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 174 Score: 38.1 (Repressed) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

912,050 km2 (2006)

Capital

Caracas (2009)

Currency

bolivars (VEB) (2009)

Government type

federal republic (2009)

Languages

Spanish (official), numerous indigenous dialects

Religions

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

Total population
1980 1990 2000 2012* 2017**
15.02 million 19.5 million 24.18 million 30.36 million 33.52 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
61.6% 79.2% 89.7% 93.5%
Population median age

26 years (2010)

Population growth rate

1.5% (2011)

Life expectancy

74 years (2010)

Adult literacy

95% (2005/2010)

% of population living on less than $2 a day

10.61% (2011)

Inequality of wealth distribution (Gini index)

44.77 (2006)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:5
Civil Liberties:5 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

122.69% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

40.22% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Caracas: 51st (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

6.4795 (Data were released in 2012 and refer to 2009)

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