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ISSUES....
Inside, confidential and off the record

Random factoids

 

VENEZUELA BY THE NUMBERS

JANUARY 2010

  • At the beginning of the Chávez administration there were 900,000 public administration employees, now there are 2.3 million working directly for the state.
  • The national government has taken control of more than 600 farms (2.5 million hectares, equivalent to about 6.2 million acres)
  • The government has spent more than USD 8 billion in weapons purchases.
  • The so-called “strong bolivar” (BsF) has lost 55% of its purchasing power.
  • Cumulative inflation under Chávez’s eleven years totals 733%.
  • The Basic Food Basket for the month of November was BsF 1,921.41 (CENDAS)
  • GDP declined by 2.9% for the year 2009.
  • The government has a communications media "empire" consisting of 731 media outlets.
  • In 1998 there were 4,500 homicides and this figure has climbed to 19,400 persons for 2009.
  • There are 9 million Venezuelans living in poverty and, under the Venezuelan revolution, 3 million of these go to bed on an empty stomach.
  • There are 150,000 teachers working for the Ministry of Education as independent contractors without contractual benefits.
  • Four thousand Venezuelan physicians have moved abroad.
  • Eighty percent of Venezuela’s petroleum exports go to the US.
  • During 2008 the government built only 23,223 dwellings.
  • In Venezuela 300 animal species are under threat of extinction.
  • For every USD 100 that enters the country, petroleum exports account for USD 94.
  • During three of his eleven years in power, Chávez has been able to rule by decree [under enabling legislation passed by the National Assembly].
  • Enabling legislation has allowed the president to issue 169 executive orders by rule of decree.
  • On weekends the wave of violence results in approximately 300 violent deaths throughout the country.
  • The CTV labor federation reports that within the public administration sector there are more than 200 collective contracts that are expired.
  • Annual exports by the private sector total only USD 3 billion.
  • During the first half of the year 2009, the national government built 12,500 housing units, yet there are 400,000 couples getting married each year in the country.
  • There are one million persons infected with Chagas disease.
  • During the Chávez administration, rampant crime has resulted in more than 150,000 homicides.
  • According to DATOS, there has been a drop of 14% and 13% in the real income for the lower socioeconomic Levels D and E.
  • During 2008, steelmaker SIDOR incurred a net loss of USD 54 million.
  • The spending spree for gifts to other countries now exceeds USD 60 billion.
  • During 2008, there were 5,000 express kidnappings throughout the country..     
  • Of all crimes committed in the country, 97% go unpunished.
  • There have been more than 46 unsustantiated reports concerning plans to assassinate the president.
  • Just on of the president’s visible watches is worth more than BsF 263,000.
  • In 2002, PDVSA had 45,000 employees, and now it has 100,000, half of whom do not do any work.
  • The government has spent nearly USD 12 billion in converting private corporations into state enterprises.
  • In Venezuela, 70% of young people do not graduate from secondary school.
  • Fifty-one percent of the citizenry declare themselves to be politically independent.
  • At 25.1%, Venezuela ranks first in inflation for Latin America (2009).
  • Venezuelans consume 280,000 barrels of gasoline daily.
  • Venezuela used to import 1% of the beef it consumed, and now it imports 59% of the 3,000 head of cattle that are consumed every day.
  • According to OPEC records, Venezuela’s crude oil production amounts to  only 2,207,000 barrels per day.
  • During Chavez’s term of office, 9,000 scientists have left the country.
  • During 2009, Venezuela imported 500,000 tons of sugar from Brazil.
  • Electricity blackouts are keeping 60% of the national territory in the dark.
  • When Chávez came to power, public debt –including that of PDVSA– was USD 32.5 billion, and by 2009 it increased to USD 95 billion.
  • The housing shortage is reflected in the shortfall of 2.5 million units.
  • The national budget for the year 2010 will be BsF 159.5 billion.
  • The government has spent USD 1 trillion during its eleven years.
  • There are 2,200 members of the military holding jobs in the public administration.
  • The national government sells gasoline at USD 7.00 per barrel and its cost of production is USD 25.00 per barrel.
  • For the year 2009, the country’s importations will total around USD 40 billion.
  • There are a total of 15 million guns in the hands of individuals, and no gun control policy.
  • The Basic Food Basket for October reached Bs F 4,246.13 (CENDAS).
  • The country’s jails have 32,500 prisoners, and only 12,000 beds.
  • There are 4 million children not covered by the school system.
  • The rate of population growth is 2.4%.
  • The private sector provides 98% of financing for the agricultural sector, while the public sector provides only 2%.

 

Note: Bf F converts to US$ at either 2.6/1US$ or at 4.40/1US$ depending on arbitrary rules that further complicate what is effectively a three tier "controlled" exchange system with a current parallel exchange of 6:10/1US$.

 

 

Pedro M. Burelli / January 28, 2010

 

ISSUES.... 02/02/2010

ISSUES.... Inside, confidential and off the record

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