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- Economy_of_Venezuela abstract "The economy of Venezuela is largely based on the petroleum sector and manufacturing. Revenue from petroleum exports accounts for more than 50% of the country's GDP and roughly 95% of total exports. Venezuela is the fifth largest member of OPEC by oil production. From the 1950s to the early 1980s the Venezuelan economy experienced a steady growth that attracted many immigrants, with the nation enjoying the highest standard of living in Latin America. During the collapse of oil prices in the 1980s the economy contracted, and inflation skyrocketed to reach peaks of 84% in 1989 and 99% in 1996, three years prior to Hugo Chavez taking office. With high oil prices and rising government expenditures, Venezuela's economy grew by 9% in 2007.Manufacturing contributed 17% of GDP in 2006. Venezuela manufactures and exports heavy industry products such as steel, aluminium and cement, with production concentrated around Ciudad Guayana, near the Guri Dam, one of the largest in the world and the provider of about three-quarters of Venezuela's electricity. Other notable manufacturing includes electronics and automobiles, as well as beverages, and foodstuffs. Agriculture in Venezuela accounts for approximately 3% of GDP, 10% of the labor force, and at least one-fourth of Venezuela's land area. Venezuela exports rice, corn, fish, tropical fruit, coffee, beef, and pork. The country is not self-sufficient in most areas of agriculture.The United States is Venezuela's most important trading partner. U.S. exports to Venezuela include machinery, agricultural products, medical instruments, and autos. Venezuela is one of the top four suppliers of foreign oil to the United States. About 500 U.S. companies are represented in Venezuela. According to Central Bank of Venezuela, the government received from 1998 to 2008 around 325 billion USD through oil production and export in general, and according to the International Energy Agency, to June 2010 has production of 2.2 million barrels per day, 800,000 of which go to the United States of America.Venezuela has been ranked 175 of 178 in economic freedom by the Heritage Foundation and was classified as a "Repressed" economy. Venezuela has one of the highest inflation rates in the world averaging 29.1% in 2010, according to the CIA world fact book. Since Hugo Chavez imposed stringent currency controls in 2003 in an attempt to prevent capital flight, there have been a series of currency devaluations, disrupting the economy. According to the Heritage Foundation and the Wall Street Journal, Venezuela has the weakest property rights in the world, scoring only 5.0 on a scale of 100; expropriation without compensation is common. A 2010 International Monetary Fund (IMF) study qualified as "delayed and weak" the economic recovery of Venezuela in comparison with other countries of the region. Price controls, expropriation, and other government policies have caused severe shortages of food and other goods, including medical supplies.".
- Economy_of_Venezuela thumbnail CaracasCentre.jpg?width=300.
- Economy_of_Venezuela wikiPageExternalLink Browse.aspx?d=CDB.
- Economy_of_Venezuela wikiPageExternalLink EXVZUS.
- Economy_of_Venezuela wikiPageExternalLink country_energy_data.cfm?fips=VE.
- Economy_of_Venezuela wikiPageExternalLink www.bcv.org.ve.
- Economy_of_Venezuela wikiPageExternalLink www.bcv.org.ve.
- Economy_of_Venezuela wikiPageExternalLink article709.html.
- Economy_of_Venezuela wikiPageExternalLink documents.
- Economy_of_Venezuela wikiPageExternalLink venezuela-2012-09.pdf.
- Economy_of_Venezuela wikiPageExternalLink venezuela_2007_07.pdf.
- Economy_of_Venezuela wikiPageExternalLink venezuela_update_2008_02.pdf.
- Economy_of_Venezuela wikiPageExternalLink www.dolarparalelo.org.
- Economy_of_Venezuela wikiPageExternalLink weorept.aspx?sy=1980&ey=2014&scsm=1&ssd=1&sort=country&ds=.&br=1&c=299&s=PCPI%2CPCPIPCH&grp=0&a=&pr1.x=55&pr1.y=.
- Economy_of_Venezuela wikiPageExternalLink weorept.aspx?sy=1980&ey=2014&scsm=1&ssd=1&sort=country&ds=.&br=1&c=299&s=PCPI%2CPCPIPCH&grp=0&a=&pr1.x=55&pr1.y=5.
- Economy_of_Venezuela wikiPageExternalLink www.ine.gov.ve.
- Economy_of_Venezuela wikiPageExternalLink Satellite?c=Article_C&cid=1230121233034&pagename=Zone-English-Muslim_Affairs%2FMAELayout.
- Economy_of_Venezuela wikiPageExternalLink 18venezuela.html?ex=1331870400&en=45138c3cf57388e7&ei=5088&partner=rssnyt&emc=rss.
- Economy_of_Venezuela wikiPageExternalLink venezuela-inflation-annual-idUSL2N0K90V020131230.
- Economy_of_Venezuela wikiPageExternalLink 4464.
- Economy_of_Venezuela wikiPageExternalLink ve.html.
- Economy_of_Venezuela wikiPageID "32457".
- Economy_of_Venezuela wikiPageRevisionID "606625263".
- Economy_of_Venezuela bot "RjwilmsiBot".
- Economy_of_Venezuela caption Caracas.
- Economy_of_Venezuela cianame "ve".
- Economy_of_Venezuela country Venezuela.
- Economy_of_Venezuela credit Standard_&_Poor's.
- Economy_of_Venezuela credit "B".
- Economy_of_Venezuela credit "B-".
- Economy_of_Venezuela credit "Caa1".
- Economy_of_Venezuela credit "Outlook: Negative Moody's:".
- Economy_of_Venezuela credit "Outlook: Negative Fitch:".
- Economy_of_Venezuela credit "Outlook: Negative".
- Economy_of_Venezuela currency Venezuelan_bolívar.
- Economy_of_Venezuela date "January 2012".
- Economy_of_Venezuela debt "49".
- Economy_of_Venezuela debtExternal "4.341E10".
- Economy_of_Venezuela debtInternal "19.4".
- Economy_of_Venezuela edbr "181.0".
- Economy_of_Venezuela expenses "$175.3 billion ; including capital expenditures of $2.6 billion".
- Economy_of_Venezuela exportGoods "petroleum, chemicals, agricultural products, basic manufactures".
- Economy_of_Venezuela exportPartners "12.0".
- Economy_of_Venezuela exportPartners "14.4".
- Economy_of_Venezuela exportPartners "39.3".
- Economy_of_Venezuela exportPartners "4.5".
- Economy_of_Venezuela exportPartners "7.6".
- Economy_of_Venezuela exports "9.69E10".
- Economy_of_Venezuela gdp "3.38E11".
- Economy_of_Venezuela gdp "402.1".
- Economy_of_Venezuela growth "1.1".
- Economy_of_Venezuela hasPhotoCollection Economy_of_Venezuela.
- Economy_of_Venezuela importGoods "food, clothing, cars, technological items, raw materials, machinery and equipment, transport equipment, construction material".
- Economy_of_Venezuela importPartners "16.5".
- Economy_of_Venezuela importPartners "31.2".
- Economy_of_Venezuela importPartners "8.9".
- Economy_of_Venezuela imports "5.67E10".
- Economy_of_Venezuela industries "petroleum, construction materials, food processing, iron ore mining, steel, aluminum; motor vehicle assembly, real estate, tourism and ecotourism".
- Economy_of_Venezuela inflation "59.4".
- Economy_of_Venezuela labor "13700000".
- Economy_of_Venezuela occupations "agriculture: 7.3%, industry: 21.8%, services: 70.9%".
- Economy_of_Venezuela organs ALBA.
- Economy_of_Venezuela organs Mercosur.
- Economy_of_Venezuela organs OPEC.
- Economy_of_Venezuela organs Union_of_South_American_Nations.
- Economy_of_Venezuela organs World_Trade_Organization.
- Economy_of_Venezuela perCapita "13200.0".
- Economy_of_Venezuela poverty "31.6".
- Economy_of_Venezuela rank "31".
- Economy_of_Venezuela reserves "2.13E10".
- Economy_of_Venezuela revenue "1.163E11".
- Economy_of_Venezuela sectors "agriculture: 4.1%, industry: 34.9%, services: 61.1%".
- Economy_of_Venezuela unemployment "9.4".
- Economy_of_Venezuela width "300".
- Economy_of_Venezuela year "calendar".
- Economy_of_Venezuela subject Category:Economy_of_Venezuela.
- Economy_of_Venezuela subject Category:OPEC.
- Economy_of_Venezuela subject Category:World_Trade_Organization_member_economies.
- Economy_of_Venezuela comment "The economy of Venezuela is largely based on the petroleum sector and manufacturing. Revenue from petroleum exports accounts for more than 50% of the country's GDP and roughly 95% of total exports. Venezuela is the fifth largest member of OPEC by oil production. From the 1950s to the early 1980s the Venezuelan economy experienced a steady growth that attracted many immigrants, with the nation enjoying the highest standard of living in Latin America.".
- Economy_of_Venezuela label "Economia da Venezuela".
- Economy_of_Venezuela label "Economy of Venezuela".
- Economy_of_Venezuela label "Economía de Venezuela".
- Economy_of_Venezuela label "Économie du Venezuela".
- Economy_of_Venezuela label "Экономика Венесуэлы".
- Economy_of_Venezuela sameAs Economía_de_Venezuela.
- Economy_of_Venezuela sameAs Économie_du_Venezuela.
- Economy_of_Venezuela sameAs Economia_da_Venezuela.
- Economy_of_Venezuela sameAs m.0118mntj.
- Economy_of_Venezuela sameAs Q2091196.
- Economy_of_Venezuela sameAs Q2091196.
- Economy_of_Venezuela wasDerivedFrom Economy_of_Venezuela?oldid=606625263.
- Economy_of_Venezuela depiction CaracasCentre.jpg.
- Economy_of_Venezuela isPrimaryTopicOf Economy_of_Venezuela.