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Republic of Venezuela
National name: Republica de Venezuela
President: Hugo Chavez (1999)
Area: 352,143 sq. mi. (912,050 sq. km)
Population (1999 est.): 23,203,466 (average annual rate of natural increase: 1.73%); birth rate: 22.3/1000; infant mortality rate: 26.5/1000; density per sq. mile: 66
Capital: Caracas
Largest cities (1990 est.): Caracas, city, 1,824,892, metro area, 2,784,042; Maracaibo, 1,206,726; Valencia, 616,000; Barquisimento, 723,587
Monetary unit: bolivar
Languages: Spanish, various indigenous languages in the remote interior
Ethnicity/race: mestizo 67%, white 21%, black 10%, Amerindian 2%
Religions: Roman Catholic, 96%; Protestant, 2%
Literacy rate: 91.1%
Economic summary: GDP: (1997 est.): $185 billion, $8,300 per capita. Real growth rate: 5% (1997). Inflation: 38% (1997). Unemployment: 11.5%. Arable land: 4%. Agriculture: rice, coffee, corn, cacao, sugar, bananas, dairy and meat products. Labor force: 9.2 million; services, 64%; industry, 23%; agriculture, 13%. Industry: petroleum, iron ore mining, construction materials, food processing, textiles, steel, aluminum, motor vehicle assembly. Natural resources: petroleum, natural gas, iron ore, hydroelectric power. Exports: $20.8 billion (f.o.b., 1996): petroleum, iron ore, bauxite. Imports: $10.5 billion (f.o.b., 1996 ): raw materials, machinery and equipment, transport equipment, construction materials. Major trading partners: U.S., Japan, Germany, Italy, The Netherlands, Canada.
