Venezuela Economy - 1986

GEOGRAPHICAL NAMES 

GDP: $47 billion (1985), $2,680 per capita (1985); 60.4% private consumption, 12.5% public consumption, 14.8% gross investment, 12.3% foreign (1984), real growth rate 0.4% (1985)

Natural resources: petroleum natural gas, iron ore, gold, bauxite, other minerals, hydroelectric power

Agriculture: main crops—cereals, fruits, sugar, coffee, rice; an illegal producer of coca and cannabis for the international drug trade

Fishing catch 226,870 metric tons (1983), exports $12.4 million (1982), imports $30 0 million (1982)

Major industries: petroleum, iron-ore mining, construction, food processing, textiles, steel, aluminum, motor vehicles

Crude steel: 2.8 million metric tons produced (1985), 154 kg per capita

Electric power: 13,000,000 kW capacity (1985); 37 billion kWh produced (1985), 2,135 kWh per capita

Exports: $15.8 billion (f.o.b., 1984 prelim.); petroleum (94%)

Imports: $7 3 billion (f.o.b., 1984)

Major trade partners: imports—46% US, 5 2% Japan, 5.2% FRG, 4.8% Italy; exports— 40 9% US, 10 3% Italy, 7% FRG (1984)

Budget: revised 1984—revenues, $17.4 billion; expenditures, $16.9 billion

Monetary conversion rate: (official) 7.5 bolivares=US$l (1 January 1986)

Fiscal year: calendar year

NOTE: The information regarding Venezuela on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Venezuela 1986 information contained here. All suggestions for corrections of any errors about Venezuela 1986 should be addressed to the CIA or the source cited on each page.