enues: $26.91 billion
expenditures: $30.7 billion, including capital expenditures of $2.6
billion (2004 est.)

Public debt:
43.1% of GDP (2004 est.)

Agriculture - products:
corn, sorghum, sugarcane, rice, bananas, vegetables, coffee; beef,
pork, milk, eggs; fish

Industries:
petroleum, iron ore mining, construction materials, food
processing, textiles, steel, aluminum, motor vehicle assembly

Industrial production growth rate:
12.3% (2004 est.)

Electricity - production:
89.7 billion kWh (2003)

Electricity - production by source:
fossil fuel: 31.7%
hydro: 68.3%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
89.3 billion kWh (2003)

Electricity - exports:
450 million kWh (2003)

Electricity - imports:
30 million kWh (2003)

Oil - production:
2.6 million bbl/day (2004 est.)

Oil - consumption:
500,000 bbl/day (2004 est.)

Oil - exports:
2.1 million bbl/day (2004 est.)

Oil - imports:
NA

Oil - proved reserves:
78 billion bbl (2004 est.)

Natural gas - production:
29.4 billion cu m (2003 est.)

Natural gas - consumption:
29.4 billion cu m (2003 est.)

Natural gas - exports:
0 cu m (2004 est.)

Natural gas - imports:
0 cu m (2004 est.)

Natural gas - proved reserves:
4.19 trillion cu m (2004)

Current account balance:
$14.59 billion (2004 est.)

Exports:
$35.84 billion f.o.b. (2004 est.)

Exports - commodities:
petroleum, bauxite and aluminum, steel, chemicals, agricultural
products, basic manufactures

Exports - partners:
US 55.6%, Netherlands Antilles 4.7%, Dominican Republic 2.8% (2004)

Imports:
$14.98 billion f.o.b. (2004 est.)

Imports - commodities:
raw materials, machinery and equipment, transport equipment,
construction materials

Imports - partners:
US 28.8%, Colombia 9.9%, Brazil 7%, Mexico 4.1% (2004)

Reserves of foreign exchange and gold:
$25.75 billion (2004 est.)

Debt - external:
$33.29 billion (2004 est.)

Economic aid - recipient:
$74 million (2000)

Currency (code):
bolivar (VEB)

Currency code:
VEB

Exchange rates:
bolivares per US dollar - 1,891.3 (2004), 1,607 (2003), 1,161
(2002), 723.7 (2001), 680 (2000)

Fiscal year:
calendar year

Communications Venezuela

Telephones - main lines in use:
2,841,800 (2002)

Telephones - mobile cellular:
6,463,600 (2002)

Telephone system:
general assessment: modern and expanding