Venezuela


Map of Venezuela
Oil
Share of global reserves: 6.8%
Share of global production (2003): 4.2%
Share of petroleum sector in the economy: The Venezuelan economy is extremely oil-dependent. Oil accounts for more than three-quarters of total Venezuelan export revenues, about half of total government revenues, and about one-third of gross domestic product.

Demographics
Population: 25 million
Population growth rate: 1.44% (2004 est.)
GDP per capita: $4,800 (2004 est.)
Government type: federal republic
Religions: Roman Catholic 96%, Protestant 2%, other 2%
Literacy: 93.4%
Freedom House Ranking: partly free
Political situation:
March 2002: A failed coup against Venezuelan President Hugh Chavez.
November 2002: political unrest and general strike.
Observers in Washington and Venezuela warn that large-scale bloodshed -- even a civil war -- is not out of the question.
December 2002--January 2003: A two-month general strike, called by government opponents to force President Hugo Chavez to resign, shut the country's oil industry causing a spike in international oil prices.

Additional information
U.S. Dept. of Energy country analysis brief
CIA World Factbook
Library of Congress
Property of The Institute for the Analysis of Global Security 2003, 2004. All rights reserved.