OFID Member Countries
Official country name: Bolivarian Republic of Venezuela
National capital: Caracas
Location: On the north coast of South America, bordered by Colombia to the west, Guyana to the east, and Brazil to the south.
Area: 916,000 km2
| Natural resources: | petroleum, natural gas, iron ore, gold, diamonds, zinc, bauxite, hydropower, |
| National currency: | Venezuelan bolivar (B) |
| Principal exports: | petroleum, bauxite and aluminum, steel, chemicals, agricultural products, basic manufactures |
| Principal imports: | raw materials, machinery and transport equipment, construction materials |
| Year: | 2009 |
| Population: | 27.9 million (2008) |
| Population growth (annual %): | 1.5% |
| Adult literacy rate: | 95.2% (2007) |
| Life expectancy at birth (total years, 2007): | 73.6 |
| GDP growth (annual %): | -1.8% (2009) |
| GDP current: | US$320.25 billion (2008) |
| GDP per capita: | US$11,464 (2008) |
| Structure of Output (in % total GDP) 2008 |
|
| Agriculture, value added (% of GDP): |
6% |
| Industry, value added (% of GDP): |
41% |
| Manufacturing, value added (% of GDP): |
15% |
| Services, value added (% of GDP): |
53% |
| Exports of goods & services (annual % growth): | -4.4% (2009) |
| Exports of goods & services: | US$74.39 billion (2009) |
| Imports of goods & services (annual % growth): | -19.1% (2009) |
| Imports of goods & services: | US$43.52 billion (2009) |
| Current account balance (% of GDP): |
1.8% (2009) |
| Inflation (annual %): | 27.4% |
| Unemployment (% labor force): | 7.9 (2009) |
| Official exchange rate: Bolivares per US$ 2009: | 2.147 |
| OFID Ministerial Council Member: | HE Dr. Jorge Giordani, Minister of Planning and Finance, Ministry of Popular Power for Planning and Finance |
| OFID Governing Board Representative: | HE Mr. Gustavo Hernandez, Vice Minister of Finance, Governor for Venezuela, OFID, Ministry of Planning and Finance |
| OFID Governing Board Alternate: | Dr. Edmee Betancourt, President, BANDES and Alternate Governor of OFID |