tion)

International organization participation:
CAN, CDB, FAO, G-3, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC,
ICCt, ICFTU, ICRM, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol,
IOC, IOM, ISO, ITU, LAES, LAIA, Mercosur (associate), MIGA, NAM,
OAS, OPANAL, OPCW, OPEC, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO,
UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO

Diplomatic representation in the US:
chief of mission: Ambassador Bernardo ALVAREZ
chancery: 1099 30th Street NW, Washington, DC 20007
consulate(s) general: Boston, Chicago, Houston, Miami, New Orleans,
New York, San Francisco, and San Juan (Puerto Rico)
FAX: [1] (202) 342-6820
telephone: [1] (202) 342-2214

Diplomatic representation from the US:
chief of mission: Ambassador William R. BROWNFIELD
embassy: Calle F con Calle Suapure, Urbanizacion Colinas de Valle
Arriba, Caracas 1080
mailing address: P. O. Box 62291, Caracas 1060-A; APO AA 34037
telephone: [58] (212) 975-9234, 975-6411
FAX: [58] (212) 975-8991

Flag description:
three equal horizontal bands of yellow (top), blue, and red with
the coat of arms on the hoist side of the yellow band and an arc of
seven white five-pointed stars centered in the blue band

Economy Venezuela

Economy - overview:
Venezuela continues to be highly dependent on the petroleum sector,
which accounts for roughly one-third of GDP, around 80% of export
earnings, and more than half of government operating revenues.
Despite higher oil prices at the end of 2002 and into 2003, domestic
political instability, culminating in a disastrous two-month
national oil strike from December 2002 to February 2003, temporarily
halted economic activity. The economy remained in depression in
2003, declining by 9.2% after an 8.9% fall in 2002. In late 2003,
President CHAVEZ committed himself to $1 billion in new social
programs, money the government does not have.

GDP:
purchasing power parity - $117.9 billion (2003 est.)

GDP - real growth rate:
-9.2% (2003 est.)

GDP - per capita:
purchasing power parity - $4,800 (2003 est.)

GDP - composition by sector:
agriculture: 5%
industry: 50%
services: 45% (2004 est.)

Investment (gross fixed):
12.6% of GDP (2003)

Population below poverty line:
47% (1998 est.)

Household income or consumption by percentage share:
lowest 10%: 0.8%
highest 10%: 36.5% (1998)

Distribution of family income - Gini inde