Latitude: 11.1658333000 Longitude: -71.8936111000
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Ariguapa, Venezuela
Some random facts about Venezuela |
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| GDP - real growth rate: | 10.3% (2006 est.) |
| National holiday: | Independence Day, 5 July (1811) |
| 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 |
| 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. |
| Age structure: | 0-14 years: 31.6% (male 4,169,979/female 4,046,170) 15-64 years: 63.4% (male 8,120,661/female 8,369,065) 65 years and over: 5.1% (male 586,863/female 730,790) (2007 est.) |
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