|
8.21 |
Venezuela |
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|
Selected Economic and Social Data |
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|
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
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|
Population ('000) |
18,062 |
18,542 |
19,025 |
19,502 |
19,972 |
20,441 |
20,910 |
21,377 |
21,844 |
22,311 |
22,777 |
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|
Growth Rate (%) |
2.7 |
2.7 |
2.6 |
2.5 |
2.4 |
2.3 |
2.3 |
2.2 |
2.2 |
2.1 |
2.1 |
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|
National Accounts |
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|
GDP, current prices (b.bolivares) |
679.4 |
875.4 |
1485.6 |
2279.3 |
3037.5 |
4131.5 |
5453.9 |
8675.2 |
13,662 |
29,333 |
42,744 |
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|
GDP, 1984 prices (b.bolivares) |
457.4 |
485.6 |
447.5 |
478.3 |
524.9 |
556.7 |
558.2 |
545.1 |
565.0 |
562.6 |
591.3 |
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|
Real GDP Growth Rate (%) |
4.5 |
6.2 |
-7.8 |
6.9 |
9.7 |
6.1 |
0.3 |
-2.3 |
3.7 |
-0.4 |
5.1 |
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|
Real Per Capita GDP (1984 pesos) |
25,324 |
26,189 |
23,522 |
24,526 |
26,282 |
27,234 |
26,695 |
25,499 |
25,865 |
25,216 |
25,960 |
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|
Real Per Cap. GDP Growth Rate (%) |
1.8 |
3.4 |
-10.2 |
4.3 |
7.2 |
3.6 |
-2.0 |
-4.5 |
1.4 |
-2.5 |
3.0 |
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|
Gross Domestic Investment/GDP (%) |
25.2 |
27.9 |
12.9 |
10.2 |
18.7 |
23.7 |
18.8 |
14.2 |
17.9 |
16.1 |
17.7 |
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|
Prices |
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|
GDP Deflator (1984=100) |
148.5 |
180.3 |
332.0 |
476.5 |
578.7 |
742.1 |
977.1 |
1,591.5 |
2,418.1 |
5,213.8 |
7,228.8 |
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|
Annual Change (%) |
32.1 |
21.4 |
84.2 |
43.5 |
21.4 |
28.2 |
31.7 |
62.9 |
51.9 |
115.6 |
38.6 |
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|
Consumer Prices (1990=100) |
29.8 |
38.5 |
71.1 |
100.0 |
134.2 |
176.4 |
243.6 |
391.8 |
626.5 |
1,252.3 |
1,878.9 |
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|
Annual Change (%) |
28.4 |
29.2 |
84.7 |
40.6 |
34.2 |
31.4 |
38.1 |
60.8 |
59.9 |
99.9 |
50.0 |
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|
Balance of Payments (US$m) |
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|
Current Account Balance |
(1,390) |
(5,809) |
2,161 |
8,279 |
1,736 |
(3,749) |
(1,993) |
2,541 |
2,014 |
8,824 |
5,999 |
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|
Exports, fob |
10,564 |
10,217 |
13,059 |
17,623 |
15,159 |
14,202 |
14,779 |
16,110 |
19,082 |
23,693 |
23,966 |
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|
Imports, fob |
8,870 |
12,080 |
7,365 |
6,917 |
10,259 |
12,880 |
11,504 |
8,504 |
12,069 |
9,937 |
12,374 |
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|
Trade Balance |
1,694 |
(1,863) |
5,694 |
10,706 |
4,900 |
1,322 |
3,275 |
7,606 |
7,013 |
13,756 |
11,592 |
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|
Factor Payments, net |
(1,619) |
(1,771) |
(2,368) |
(774) |
(598) |
(1,746) |
(1,715) |
(1,896) |
(1,924) |
(1,735) |
(1,877) |
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|
Other Services, net |
(1,374) |
(2,028) |
(982) |
(1,351) |
(2,202) |
(2,951) |
(3,185) |
(3,086) |
(3,184) |
(3,335) |
(3,592) |
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|
Transfers, net |
(91) |
(147) |
(183) |
(302) |
(364) |
(374) |
(368) |
(83) |
109 |
138 |
(124) |
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|
Capital Account Balance |
960 |
(1,180) |
(2,686) |
(2,161) |
2,425 |
3,203 |
2,388 |
(3,404) |
(3,427) |
(2,480) |
(2,078) |
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|
Direct Investment, net |
(16) |
21 |
34 |
76 |
1,728 |
473 |
(514) |
136 |
686 |
1,595 |
4,346 |
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|
Portfolio Investment, net |
.. |
.. |
(534) |
15,976 |
351 |
1,003 |
621 |
261 |
(326) |
758 |
626 |
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|
Other Investment, net |
976 |
(1,201) |
(2,186) |
(18,213) |
346 |
1,727 |
2,281 |
(3,801) |
(3,787) |
(4,833) |
(7,050) |
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|
Errors and Omissions |
(505) |
3,117 |
1,602 |
(1,742) |
(1,516) |
(299) |
(539) |
(310) |
(497) |
(48) |
(1,497) |
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|
Overall Balance |
(935) |
(3,872) |
1,077 |
4,376 |
2,645 |
(845) |
(144) |
(1,173) |
(1,910) |
6,296 |
2,424 |
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|
External Public Debt |
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|
Debt Outstanding,12/31 (US$m) |
25,008 |
25,181 |
25,166 |
24,509 |
24,939 |
25,830 |
26,855 |
28,042 |
28,494 |
28,452 |
.. |
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|
Debt Outstanding/GDP (%) [a] |
53.4 |
41.7 |
58.7 |
50.4 |
46.7 |
42.8 |
44.7 |
48.0 |
36.9 |
40.2 |
.. |
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|
Debt Service/Exports (%) |
24.3 |
29.6 |
18.4 |
22.2 |
13.4 |
11.8 |
14.3 |
12.0 |
16.7 |
12.3 |
.. |
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|
Consolidated Nonfinancial Public Sector (% of GDP) |
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|
Current Revenue |
31.3 |
23.8 |
29.4 |
32.8 |
29.5 |
24.2 |
25.8 |
27.7 |
25.8 |
34.4 |
28.4 |
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|
Current Expenditures |
19.0 |
18.0 |
18.3 |
20.1 |
18.0 |
17.7 |
15.9 |
16.3 |
17.3 |
16.0 |
17.4 |
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|
Current Surplus/Deficit |
12.3 |
5.8 |
11.1 |
12.7 |
11.5 |
6.5 |
9.9 |
11.4 |
8.5 |
18.4 |
11.0 |
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|
Capital Revenue |
0.4 |
0.1 |
0.0 |
0.1 |
0.3 |
0.1 |
0.1 |
0.1 |
0.0 |
0.5 |
3.8 |
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|
Capital Expenditures |
13.8 |
14.4 |
12.3 |
12.7 |
15.3 |
12.5 |
11.3 |
25.3 |
15.8 |
12.1 |
12.5 |
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|
Overall Surplus/Deficit |
-1.1 |
-8.5 |
-1.2 |
0.1 |
-3.5 |
-5.9 |
-1.3 |
-13.8 |
-7.3 |
6.8 |
2.3 |
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