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