United States. Central Intelligence Agency

Summary

United States. Central Intelligence Agency CIA World Fact Book, 2004 — Venezuela (2004)

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. Current concerns include: a polarized political environment, a divided military, drug-related conflicts along the Colombian border, increasing internal drug consumption, overdependence on the petroleum industry with its price fluctuations, and irresponsible mining operations that are endangering the rain forest and indigenous peoples.
Source: Wikisource

United States. Central Intelligence Agency CIA World Fact Book, 2004 — Venezuela (2004)

The economy remained in depression in 2003, declining by 9.2% after an 8.9% fall in 2002. In late 2003, President CHAVEZ committed himself to $1 billion in new social programs, money the government does not have. GDP: purchasing power parity - $117.9 billion (2003 est.) GDP - real growth rate: -9.2% (2003 est.) GDP - per capita: purchasing power parity - $4,800 (2003 est.) GDP - composition by sector: agriculture: 5%
industry: 50%
services: 45% (2004 est.) Investment (gross fixed) : 12.6% of GDP (2003) Population below poverty line: 47% (1998 est.)
Source: Wikisource

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