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Venezuela is an upper middle-income country coming under Latin American and the Caribbean region,
according to the classification made by the World Bank on the basis of income and region for the year 2005. The country has a total surface area of 912.1 thousand square kilometer.
Venezuela Economy - Demography and Social Indicators
The total population of the country as of the year 2004 is calculated at 26.1 million with a growth rate of 1.7% per annuam.
The annual growth rate of the population of the country is following a declining path in the recent years. The following graph shows the population growth rate of the country.
Among the various social indicators, the life expectancy rate at birth was 73.7 in 2004. The infant mortality rate per 1,000 life births in the country was 16.0 in the same year. The literacy rate, adult total (% of people ages 15 and above) have reached at 93.0.
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Key Economic Indicators and Venezuela Economy
Venezuela Economy was one of the strongest economies in the South America since 1980s. But the collapse of the oil sector was threat to the economy after that period.
The Gross National Income of the country in Atlas method have reached at 105.3 billion (current US $) in the year 2004 with GNI per capita of 4,030 in current US $.
The Gross Domestic Product of the country in current US $ is 110.1 billion in 2004 with an annual growth rate of 17.9%.
The following table represents the annual growth rate of GDP In the country. The country is experiencing a better growth rate in the current years after the negative growth rate in the year 2003.
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