Premium Essay

Venezuela

In:

Submitted By tolinh
Words 1331
Pages 6
http://www.economywatch.com/economic-statistics/Venezuela/GDP_Per_Capita_PPP_US_Dollars/

Venezuela (Venezuela (Bolivarian Republic of)) GDP Per Capita (PPP), US Dollars Statistics

Venezuela GDP per capita PPP (http://www.tradingeconomics.com/venezuela/gdp-per-capita-ppp)

The GDP per capita, adjusted by purchasing power parity, in Venezuela was last reported at 12233 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita PPP in Venezuela standed at 12513 US dollars in December of 2009. The GDP per capita PPP in Venezuela is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. Historically, from 1980 until 2010, Venezuela's average GDP per capita PPP was 8192.61 dollars reaching an historical high of 12899.71 dollars in December of 2008 and a record low of 5517.44 dollars in December of 1980. This page includes a chart with historical data for Venezuela's GDP per capita PPP.

[pic]

Venezuela GDP Growth Rate (http://www.tradingeconomics.com/venezuela/gdp-growth)

The Gross Domestic Product (GDP) in Venezuela contracted 0.00 percent in the third quarter of 2010 over the previous quarter. Historically, from 1997 until 2010, Venezuela's average quarterly GDP Growth was 0.69 percent reaching an historical high of 22.70 percent in June of 2003 and a record low of -15.30 percent in March of 2003. Venezuela is the fifth largest national economy in Latin America. Venezuela is highly dependent on oil revenues, which account for roughly 90% of export earnings, about 50% of the federal budget revenues, and around 30% of GDP. In recent years, President Hugo Chavez has been systematically increasing the government's control of the economy by nationalizing firms in the cement, steel, petroleum, communications, and electricity sectors. This page

Similar Documents

Free Essay

Venezuela

...VENEZUELA The country I’m doing my project on is Venezuela. The capital of Venezuela is Caracas. The flag consists of three horizontal bands of yellow, blue and red with the coat of arms and an arc of eight white stars in the center of the blue band. Venezuela’s national anthem is Himno Nacional. It is located in the northern coast of South America. Venezuela is really not too large. It covers an area of 352,144 square miles. The area occupied by Venezuela is slightly more than twice the size of the state of California. It is bordered by the Caribbean Sea and the Atlantic Ocean on the north side. On the east it is bordered by Guyana. On the south end it is bordered by Brazil and on the western side is Colombia. Venezuela’s capital city is located in the northern part of the country. Venezuela has four different geographical divisions. In the north emerges a low extension of the Andes mountains and to the west is the hot basin of Lake Maracaibo. The great plains ( llanos) and forests spread to the southeast. South of the Orinoco River lies the unoccupied and largely unexplored Guina Highlands. Venezuela has seventy-two offshore islands. An outstanding geographical feature is Angel Falls. Angel Falls is taller than eleven football fields in length stacked on top of each other. It is also the highest waterfall in the world. The major fault is San Sebastian. It serves as a border between the South American and the Caribbean tectonic plates along...

Words: 988 - Pages: 4

Free Essay

Economy of Venezuela

...Economy of Venezuela Contents *Executive Summary 2 1 Venezuela Profiles 3 1.1 Geography 3 1.2 Population 4 1.3 Political System 4 1.4 Economic System 4 1.5 Market Spotlight 5 1.6 Trade Agreements 6 2 Doing business in Venezuela (Compare with China) 6 2.1 Starting a business 7 2.2 Dealing with construction permits 8 2.3 Employing workers 8 2.4 Registering property 9 2.5 Getting credit 9 2.6 Protecting investors 10 2.7 Paying taxes 11 2.8 Trading across borders 12 2.9 Enforcing contracts 12 2.10 Closing a business 13 2.11 The ranks trend of 10 Factors from 2007 to 2010 in Venezuela 13 2.12 The ranks trend of 10 Factors from 2007 to 2010 in China 14 3 Global Competitiveness Index 15 3.1 The comparison (Score) of GCI with Venezuela and China in 2010 16 3.2 The comparison (Rank) of GCI with Venezuela and China in 2010 16 3.3 The trend of GCI (Rank) 2 countries from 2002 to 2010 17 3.4 The trend of GCI (Score) 2 countries from 2005 to 2010 18 4 Conclusion 18 4.1 Market Challenges in Venezuela 18 4.2 Market Opportunities in Venezuela 19 4.3 Experience from China 19 4.4 Recommendation of Strategy 20 4.5 Venezuela Economy: Impact of Nationalization 20 *Executive Summary My selected country Venezuela is the worst rank, in order to evaluate the business environment, first, I do some research for Venezuela profiles, which include basic information...

Words: 3694 - Pages: 15

Free Essay

Protests in Venezuela

...REPÚBLICA BOLIVARIANA DE VENEZUELA UNIVERSIDAD PEDAGÓGICA EXPERIMENTAL LIBERTADOR INSTITUTO PEDAGÓGICO “RAFAEL ALBERTO ESCOBAR LARA” ENGLISH DEPARTMENT COURSE: READING AND WRITING II Protests in Venezuela Author: Isabela Ron Professor: Ailin Rojas Maracay, April 2014 INTRODUCTION This paper constitutes a complement to fulfill the requirements corresponding to the course Reading and Writing II of undergraduate studies in Education, specialty English as a Foreign Language. In the first section, it is presented the outline of an eight paragraph essay. In the second part, the text has been developed after a process of drafting and writing of outline, first draft, edition and final version. OUTLINE Thesis statement: Venezuelan people are protesting for three main reasons. Supporting sentence 1: The first reason is the high levels of insecurity. Detail 1: Venezuela has one of the highest rates of homicide in the world. -Currently, over a hundred people are killed every weekend. Detail 2: Unfortunately, in 2013, the Venezuelan Violence Observatory reported 79 deaths per 100,000 populations and nearly 25,000 dead Venezuelans violence in a year. Detail 3: Indeed, according to the information of the public ministry, from the protests that it started on February 12, 2014 until now, it has left 37 dead and 461 injured. -Also, it has identified 59 victims of torture. Furthermore, 1.919 people have been detained, mostly under judicial precautionary measures...

Words: 1565 - Pages: 7

Free Essay

Democracy Venezuela

...Ruben Castaneda Muerte de Autocracia! Nacimiento de Democracia! The regime chane in Venezuela was from an autocracy (military regime) to democracy. The time period of this change was from about 1935-1958.During the year 1936 the town and the students were launched to the streets to require their democratic rights. Among proclamations and manifestoes motivated to the town to fight for a social change and thus was like arose for the year 1937, without legislation of the government, the Civic official party Bolivarianas. Subsequently the Progressive Republican Party was created (PRP), this would be transformed later in the National Democratic party (PDN). In the year 1941, the president of shift, Isaías Medina Angarita, legalized the political parties and Democratic Action arose then or Parted Democratic National (PDN) and the Venezuelan Popular Union (UPV) that was the form as was expressed the Communist party of Venezuela. In the year 1942 the leaders of the student demonstrations of the year 28 (Raúl Leoni, Romulus Betancourt, among others) they formed a political organization called Revolutionary Association of Left (ARDI). For the year 1945, arose a new political party the Democratic Republican Union (URD), and in this same year remained legalized the Communist Party. To the following year, in 1946, was born the Committee of Independent Electoral Political Organization (COPEI). With the overthrow of Romulus Spanish (period of transition) in the year 1948 a military...

Words: 427 - Pages: 2

Premium Essay

Bolivarianism In Venezuela

...Natalia Navarro Comparative Political Economy Analytical Paper #2 November 5, 2015 Question #3 Venezuela vs. Poland In order to understand the reforms that occurred in Venezuela after the 1980’s both politically and economically it is important to study the origin of Bolivarianism. The term Bolivarianism originates after Simón Bolivar, a military and political leader born in Venezuela. Bolivar helped establish many sovereign states from the Spanish rule including Venezuela, Colombia, Bolivia and Peru. Venezuela has a petroleum based economy that allowed the construction of a democratic political regime that was based on a zero-sum framework around the 1960’s. Once the resources started diminishing around the 1980’s through 1990’s the political...

Words: 1214 - Pages: 5

Premium Essay

Venezuela and the Us

...to the oil industry in Venezuela, which competes with Saudi Arabia in claiming the biggest oil reserves in the world. Capriles says that is he wins, "We have to revise every deal. I think they are agreements that are not functioning...How have relations with Iran and Belarus benefited Venezuela? We are interested in countries that have democracies, that respect human rights, that we have an affinity with. What affinity do we have with Iran?" However, this is possible option, one that as the days pass appears to become less and less probable. For now it looks like Chavez’s chosen successor will take the role as Venezuelans leader. Maduro won 50.6% of the vote, while opposition candidate Henrique Capriles Radonski obtained 49.07% of the vote. If Maduro ends up becoming president, Maduro begins his presidency in a very difficult economic crisis. The economy has a very slow economic growth, high inflation dollar and goods shortages, stagnant oil production, which are a mess. With this he will struggle to recover popularity. furthermore, economic policy and political stability will likely suffer. He will be under pressure to reverse social discontent, which means he is unlikely to make needed economic adjustments. This means that foreign exchange and price controls will likely be the same, and demands on state-run oil company PDVSA will remain high, eliminating investment capacity. Moreover, he will have trouble in his ability to put on different policies, as he will need to prove...

Words: 807 - Pages: 4

Free Essay

Country Risk Analysis Venezuela

...Exercise country analysis and country risk Venezuela Hypump, a US company producing hydraulic pumps used in oil producing industry, likes to investigate the possibility of starting a new subsidiary in Venezuela, and asked you to make a country analysis and country risk report. The facts, key indicators and back ground information of Venezuela you found after research are presented in the Appendix. Use that information to answer the following questions: Moderate poverty and inequality have decreased from 1998 onwards due to the program called ‘Missiones’ according to the World bank (see appendix). 1. Use the fact sheet Venezuela whether this can be confirmed with figures. Assess: a. Level of development b. Income inequality 2. Assess Venezuela’s export structure. What is it based on? Use GDP and expenditure components for Q 3 and Q4 to assess Venezuela’s attractiveness from the table: 3. How can you see 2014 and 2015 are forecasts? 4. Characterize the phase of business cycle Venezuela has faced in 2013 and 2014 (Explain which key indicator(s) are used to answer the question) 5. Make a ‘first level analysis’ of the aggregate components of GDP to explain the economic (GDP) growth during 2013. 6. Explain the influence of imports on GDP in 2013. 7. Make a ‘second level’ analysis of the aggregate components of GDP to find some reason(s) for the movement of the various components. ‘The decrease...

Words: 2111 - Pages: 9

Premium Essay

Venezuela Research Paper

...American country of Venezuela. The paper’s three main topics include Venezuela’s economy and resources, which both revolve primarily around the petroleum industry, Venezuela’s political relations with Russia and China, and finally US national security and trade interests in Venezuela. 2. Nearly two times the size of the state of California according to the CIA World Fact Book, Venezuela is situated on the northern tip of South America. Venezuela’s available natural resources are abundant, and, according to Heather D. Heckle, in her article for the Encyclopedia Britannica, include some of the world’s largest natural gas deposits, iron ore, vast coal reserves, gold, diamonds,...

Words: 946 - Pages: 4

Premium Essay

Venezuela Research Paper

...undeveloped? How can you tell? Venezuela is a developing country. This is because in the “One World Divided Chart” it states how long people are in school, the economy, and population growth, which the country Venezuela can relate too. Kids in Venezuela on average stay in school for 14 years, which is better than going to school for 5 years. Also their literacy in that country is very high; the literacy rate is up to 96%, which is close to 100%. This means that in Venezuela the kids must get a good education, for having such a high literacy rate. Also in a developing country the average life expectancy is 60+ years. In Venezuela the average life expectancy is 74 years. This means that people must have housing, food, water, jobs, and medicine to help the people live longer. The death rate in Venezuela is 6 people per 1,000 (2012) and the birth rate is 20 people per 1,000 (2012). The population growth rate is 1.4% per year (2013). There is 501 miles of railroad and 33.3% of their roads are paved. Unemployment is not high in Venezuela, only 7.5% of the population are unemployed. This means that there are many places in Venezuela for people to work and there are many job opportunities. Most people work in factories or agricultural places. To what extent has imperialism...

Words: 778 - Pages: 4

Premium Essay

Venezuela Research Paper

...To understand how to operate within the boundaries of a foreign country like Venezuela, you must understand its cultural makeup. What does the country of Venezuela look like? Who are the people of Venezuela? What kind of Government represents them? These are just a few questions that will allow for a better understanding and insight on how to approach working within and developing relationships with the people of Venezuela. To better understand the Bolivarian Republic of Venezuela and its great ethnic diversity, it’s important to reference its government, its political organizations, the social and economic wellbeing as well as its military, infrastructure and informational environments. These segments when put together create an overarching...

Words: 1582 - Pages: 7

Premium Essay

Hugo Chavez: The Economic Crisis In Venezuela

...Restate Thesis Located on the northern coast of South America, Venezuela covers 353,800 square miles and has a population of approximately 29,000,000 people. Its biological diversity is greater than any other country in the world. Venezuela was colonized by Spain in 1522 and declared its independence in 1811. Democratic government won the popularity of the people in 1958. Hugo Chaves was elected president in 1998 and began the Bolivian Revolution. After the death of Hugo Chavez in 2013, the people elected Nicolas Maduro president. Because oil is the main resource and export of Venezuela, fluctuations in the oil market have caused great economic crisis. In 1995, the poverty rate reached 66%, and the inflation rate reached 100% the following...

Words: 2129 - Pages: 9

Free Essay

Reationship Between Spain and Venezuela

...relationship. Why does one of these countries have a larger, more diversified economy than the other? How does the world-system model help to explain these differences? Are some places caught in a poverty trap despite decolonization? The relationship between Spain and Venezuela has changed among the centuries. All began in October 12 of 1498 when Christopher Columbus arrived in what he would call later; it’s little Venice comparing this early town with the Italian city (see maps 1 and 2 on the anexus). Over time, Spain took away most of the mineral richness of Venezuela, installing kingdoms and creating small cities around the mainland. However, not all that Spaniards left in the Latin American countries were poverty, inequality and corruption. The Iberic Empire brought a whole knowledge in economy, religion, education, culture and industrialization. In this essay I would like to explain the economics systems in Spain as well as Venezuela and their neighbors of Latin America. How was Venezuela’s society build? Which are the differences between Spain and Venezuela in the economy field? Before the colonization, different types of tribes like Caribes, Yanomamis, Wayuus, Caracas, etc populated Venezuela. They had a rudimentary economy based on trades: each family was in charged of the collecting of a different type of plants, fruits or animals. Each item had a value in references with the rest of them, for example a watermelon had the same value as ten limes. Primitivism was...

Words: 849 - Pages: 4

Premium Essay

The Importance Of The Death Rate In Venezuela

...Venezuela is a developing country. This is because in the “One World Divided Chart” it states how long people are in school, the economy, and population growth, which the country Venezuela can relate too. Kids in Venezuela on average stay in school for 14 years, which is better than going to school for 5 years. Also their literacy in that country is very high; the literacy rate is up to 96%, which is close to 100%. Also in a developing country the average life expectancy is 60+ years. In Venezuela the average life expectancy is 74 years. The death rate in Venezuela is 6 people per 1,000 (2012) and the birth rate is 20 people per 1,000 (2012). The population growth rate is 1.4% per year (2013). There is 501 miles of railroad and 33.3% of their...

Words: 326 - Pages: 2

Premium Essay

Analysis: The Bolivarian Republic Of Venezuela

...Venezuela, or more precisely “The Bolivarian Republic of Venezuela”, is a federal state formed by 23 Governors, in which the central power keeps extended political and administrative functions in the local areas. Based on the constitution, the power of the state is not only the executive, legislative and juidiciary but there is also the electoral power represented by the “Consejo Nacional Electoral”, as well as the moral power impersonated by the “Consejo Moral Republicano”, whose functions are actually quite unclear. After the presidency of Hugo Chavez and especially the course taken by his wing Nicolas Maduro, Venezuela has turned into a typical Latin American Regime. The supporters want to amplify social citizenship while the critics are...

Words: 311 - Pages: 2

Free Essay

Mercadeo: Turismo En Venezuela

...Mercadeo turístico venezolano RESUMEN  Esta presentación sirve para evualar la realidad que sobre mercado turismo se da en el medio venezolano. Como un gran factor para generar Es inconcebible como los gobiernos que ha tenido Venezuela no se han identificado plenamente con saber gerenciar el mercado turístico que le podría generar grandes ingresos, tomando en consideración que es un país que cuenta con grandes bellezas naturales, ríos, mares, montañas, una geografía envidiarle, que de dársele el trato que se merece grandes beneficios se tendrían. CONSIDERACIONES, ALCANCE, OPINIONES  Se debe considerar que Venezuela cuenta con una gran variedad de ecosistemas, regiones, culturas y lugares que explotar en materia turística. Lo que aunado a la favorable posición geográfica del país y la amabilidad y hospitalidad del venezolano, constituyen importantes puntos de apoyo para el desarrollo de una industria turística fuerte y altamente competitiva a nivel mundial. Para dar una idea general del alcance y repercusiones del mercadeo turístico en nuestro país, se mencionarán los siguientes factores: * El Turismo es un gran generador de empleo, tanto de personal calificado como sin calificación. Se requeriría del concurso de una gran cantidad de personal tanto para incrementar y mejora la infraestructura (hoteles, vías de acceso, telecomunicaciones, etc.), proporcionar múltiples tipos de servicios, brindar seguridad al turista, etc. por lo que este sector económico pudiera...

Words: 817 - Pages: 4