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Venezuela
Country Profile
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United States
Canda
Colombia
Venezuela
Politics
Relevant Government Officials
President Hugo Rafael Chávez Frías
Vice President Ramón Carrizales
Minister of Foreign Affairs Nicolás Maduro
Minister of Finance Alí Rodríguez Araque
Minister of Energy and Petroleum Rafael Darío Ramírez Carreño
Minister of Environment and Natural Resources Yubirí Ortega
Central Bank of Venezuela Gastón Luis Parra Luzardo

Election Dates
Economy
Economic Indicators
GDP
(US$ bn)
GDP per Capita
(US$)
Growth Rate
(%)
1995 074 3,431 04.0
2005 145 5,469 10.3

Venezuela Photos
Venezuela
Industries
petroleum and natural gas, petrochemical, mining (iron ore, bauxite) steel, aluminum

Major Trading Partners (2005)
Export: (1) United States, (2) Netherlands Antilles, (3) Canada, (4) Dominican Republic
Import: (1) United States, (2) Colombia, (3) Brazil, (4) China

Trade with Japan (JETRO, 2006)
Export to Japan: $323 million
Commodities: aluminum ingot, Orimulsion, cacao, iron ore
Import from Japan: $ 1,142 million
Commodities: automobiles, transport and electric equipments

Foreign Direct Investment in Venezuela, Top Source of Countries
(1) United States, (2) Cayman Islands, (3) Netherlands, (4) Spain

Foreign Direct Investments in Venezuela by Japanese Companies
(JETRO, FY1951 - 2004 cumulative total)
$770 million

OECD Country Risk Premium Category (As of April 2007)
Category 6 (risk premium: 13.52%)

JBIC Engagement in Venezuela
Loan and Equity Participation Commitments
International Financial Operations Overseas Economic
Cooperation Operations
Number Total (JPY bn.) Number Total (JPY bn.)
FY 2004 - - - -
FY 2005 1 009.5 - -
FY 2006 3 244.2 - -

Loan and Equity Participation Outstanding (As of March 31, 2007)
International Financial Operations:
Numbers: 5
Total: JPY 134.7 billion

Recent Press Releases
2007.02.23 JBIC Supports Off-take and Export of Crude Oil and Petroleum Products From Venezuela
--To Help Ease Reliance on the Middle East for Crude Oil Imports, and Diversify Supply Sources--
>>

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