Legislative branch:
unicameral National Assembly or Asamblea Nacional (165 seats;
members elected by popular vote to serve five-year terms; three
seats reserved for the indigenous peoples of Venezuela)
election results: percent of vote by party - NA%; seats by party -
pro-government 108 (MVR 92, MAS 6, indigenous 3, other 7),
opposition 57 (AD 33, COPEI 6, Justice First 5, other 13)
elections: last held 30 July 2000 (next to be held NA 2005)
Judicial branch:
Supreme Tribunal of Justice or Tribuna Suprema de Justicia
(magistrates are elected by the National Assembly for a single
12-year term)
Political parties and leaders:
Democratic Action or AD [Claudio FERMIN]; Fifth Republic Movement
or MVR [Garcia PONCE]; Homeland for All or PPT [Jose ALBORNIZ];
Justice First [Julio BORGES]; Movement Toward Socialism or MAS
[Hector MUJICA]; National Convergence or Convergencia [Juan Jose
CALDERA]; Radical Cause or La Causa R [Antonio HERRERA]; Social
Christian Party or COPEI [Oswaldo ALVAREZ Paz]; Venezuela Project or
PV [Henrique SALAS Romer]
Political pressure groups and leaders:
FEDECAMARAS, a conservative business group; VECINOS groups;
Venezuelan Confederation of Workers or CTV (labor organization
dominated by the Democratic Action)
International organization participation:
CAN, Caricom (observer), CDB, ECLAC, FAO, G-3, G-15, G-19, 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,
NAM, OAS, OPANAL, OPCW, OPEC, PCA, RG, UN, UNCTAD, UNESCO, UNHCR,
UNIDO, UNIKOM, UNU, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTrO
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 Charles S. SHAPIRO
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 two-month national oil
strike from December 2002 to February 2003, temporarily halted
economic activity. The economy is likely to remain in a recession in
2003, after sinking an estimated 8.9 percent in 2002.