Latitude: 10.6166667000 Longitude: -66.6500000000
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Some random facts about Venezuela |
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| Waterways: | 7,100 km note: Orinoco River (400 km) and Lake de Maracaibo navigable by oceangoing vessels (2005) |
| Agriculture - products: | corn, sorghum, sugarcane, rice, bananas, vegetables, coffee; beef, pork, milk, eggs; fish |
| The Referendum Process | In September 2003, after an impasse in the National Assembly, the Supreme Court named a new board of directors for the National Electoral Council (CNE). After months of intense deliberations that included two conflictive signature drives overseen by the CNE, political riots over the government's disqualification of questionable signatures, and the intervention of international electoral observers, the CNE certified the opposition's results and set the date of the recall referendum for August 15, 2004. According to the CNE, President Chavez won 59% of the vote. His opponents immediately contested that the results of the referendum were marked by electoral fraud. However, international electoral observation missions carried out by the Organization of American States and the Carter Center found no indication of systemic fraud. |
| Manpower available for military service: | males age 18-49: 6,236,012 females age 18-49: 6,137,622 (2005 est.) |
| 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. Tax collection - Venezuela's primary source of non-oil revenue - is expected to surpass $23 billion in 2006, exceeding the yearend collection goal by more than 20%. 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 higher oil prices, record government spending helped to boost GDP growth in 2004 and 2005 to approximately 18% and 11%, respectively. Economic growth in 2006 reached about 9%. This spending, combined with recent minimum wage hikes and improved access to domestic credit, has fueled a consumption boom - car sales in 2006 increased by around 70% - but has come at the cost of higher inflation. Despite government attempts to withdraw liquidity from the economy, Venezuela's money supply set a record in June 2006, approximately 70% higher than the previous year. Imports have also jumped significantly. |
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Anare, Venezuela