Overview
Demographics
Economic Outlook
Companies

Venezuela
Country Information
| Population: | Language |
| 26 |
Spanish (official) numerous indigenous dialects |
| Official Currency: | Calling Code: |
| Bolivar (VEB) | 58 |
| Country Capital: | Internet Suffix: |
| Caracas |
.ve |
Venezuela
Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada, which became Colombia). Venezuela is considered to be among the world's 17 most biodiverse countries. Venezuela remains highly dependent on oil revenues, which account for roughly 90% of export earnings, more than 50% of the federal budget revenues, and around 30% of GDP. Tax collection, Venezuela's primary source of non-oil revenue - is expected to surpass $23 billion in 2006, exceeding the yearend collection goal by more than 20%. Fueled by higher oil prices, record government spending helped to boost GDP growth in 2004 and 2005 to approximately 18% and 11%, respectively. Economic growth in 2006 reached about 9%. This spending, combined with recent minimum wage hikes and improved access to domestic credit, has fueled a consumption boom, car sales in 2006 increased by around 70%, but has come at the cost of higher inflation. Despite government attempts to withdraw liquidity from the economy, Venezuela's money supply set a record in June 2006, approximately 70% higher than the previous year. Imports have also jumped significantly.
Exchanges & Key Indices
Index Name/Business Description
| Indice Bursátil Caracas (IBC) "General Index" |
Demographics
Population
Mouseover chart for more details

Venezuela 0.00% Region 0.00% World 0.17% | ||
Venezuela 25.2 Region 28.6 World 32.4 | ||
Venezuela 73.5 Region 74.3 World 73.0 | ||
Venezuela 2.5 Region 2.2 World 2.1 | ||
Venezuela 0.0 Region 0.0 World 181.0 | ||
Consumer Statistics (All values in USD)
Mouseover chart for more details

Venezuela $4,900.00 Region $10,066.67 World $20,757.06 | ||
Venezuela $0.19 Region $3.84 World $5.90 | ||
Venezuela $4.70 Region $1.73 World $1.56 | ||
Venezuela $9.31 Region $7.36 World $9.30 | ||
Economic Outlook
Rates & Estimates (All values in USD)
Imports & Exports (All values in USD)

Companies Within Region
Browse Companies within Venezuela
Find Companies from A-Z
| Company Name |
| Banco del Caribe CA Banco Universal |
| Banco Exterior, CA Banco Exterior, C.A. is engaged in general banking activities. |
| Banco Nacional de Crédito CA, Banco Universal Banco Nacional de Crédito, C. A. provides retail banking and financial brokering services to retail and corporate clients. The company, formerly known... |
| Banco Occidental de DescuentoI.C.A. Banco Occidental de DescuentoI.C.A. is engaged in general banking activities. Services provided include deposits, checking and savings accounts, secur... |
| Banesco Banco Universal, C.A. Banesco Banco Universal, C.A. provides commercial banking services. The company offers depository, commercial and personal loans, mortgage, savings an... |
| BBVA Banco Provincial SA Banco Provincial S.A. provides banking services in Venezuela. As of June 30, 2003, the bank operated 390 branches. The principal activities of the ban... |
| CA La Electricidad de Caracas CA La Electricidad de Caracas engages in the generation, transmission, and distribution of electricity in Venezuela. It serves oil, telecommunications... |
| Compania Anonima Nacional Telefonos de Venezuela Compañía Anónima Nacional Teléfonos de Venezuela, together with its subsidiaries, provides fixed telecommunications services in Venezuela. It offers s... |
| Corimon CA Corimon, C.A. engages in paint, coatings, and related products industries; and in food and packaging industries. |
| Corp. Industrial de Energia C.A. SACA |
Showing 1 - 10 of 32
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