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, bauxite, hydropower, diamonds |
| Structure of output (value added, % of GDP): | agriculture 5.0%, industry 50.4%, services 44.6% (2001) |
| Population: | 24.6 million (2001) |
| Urban population: | 87.2% |
| Life expectancy at birth, total (years, 2000): | 73.4 |
| Population growth rate: | 1.9% (2001) |
| Principal exports: | mineral products (mainly petroleum and iron ore), petrochemicals, basic manufactured goods |
| Exports of goods and services: | US$26.72 billion (2001) |
| Principal imports: | machinery and transport equipment, basic manufactured goods, food and live animals, chemicals, crude materials |
| Imports of goods and services: | US$17.39 billion (2001) |
| GDP: | US$126.2 billion (2001) |
| Average Annual growth: | 2.8% (2001) |
| GDP per capita: | US$5,166 (2001) |
| Inflation (annual %): | 12.5% (2001) |
| Total external debt: | US$29.0 billion (1999) |
| Total debt service: | US$5.3 billion (1999) |
| Debt service (% of exports of goods and services, 2000): | 15.7% |
| National currency: | Venezuelan bolivar (B) |
| Average Exchange Rate: | B 724 = US$1 (2001) |
| OPEC Fund Ministerial Council Member: | H.E. Dr. Jorge Giordani, Minister of Planning, Development, Economy and Finance, Ministry of Popular Power for Planning, Development, Economy and Finance |
| OPEC Fund Governing Board Representative: | H.E. Dr. Jorge Giordani, Minister of Planning, Development, Economy and Finance, Ministry of Popular Power for Planning, Development, Economy and Finance |
| OPEC Fund Governing Board Alternate: | Mr. Alejandro Andrade Cedeño, President, BANDES |