of GDP (2007 est.)

Budget:

revenues: $65.83 billion
expenditures: $58.9 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

19.3% of GDP (2007 est.)

Inflation rate (consumer prices):

18.7% (2007 est.)

Central bank discount rate:

28.5% (31 December 2007)

Commercial bank prime lending rate:

17.11% (31 December 2007)

Stock of money:

$63.18 billion (31 December 2007)

Stock of quasi money:

$8.889 billion (31 December 2007)

Stock of domestic credit:

$50.24 billion (31 December 2007)

Agriculture - products:

corn, sorghum, sugarcane, rice, bananas, vegetables, coffee; beef,
pork, milk, eggs; fish

Industries:

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

Industrial production growth rate:

3.9% (2007 est.)

Electricity - production:

110.7 billion kWh (2007 est.)

Electricity - consumption:

83.84 billion kWh (2006 est.)

Electricity - exports:

542 million kWh (2006 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 31.7%
hydro: 68.3%
nuclear: 0%
other: 0% (2001)

Oil - production:

2.667 million bbl/day (2007 est.)

Oil - consumption:

738,300 bbl/day (2007 est.)

Oil - exports:

2.203 million bbl/day (2006 est.)

Oil - imports:

0 bbl/day (2006 est.)

Oil - proved reserves:

87.04 billion bbl (1 January 2008 est.)

Natural gas - production:

26.5 billion cu m (2007 est.)

Natural gas - consumption:

26.5 billion cu m (2007 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

0 cu m (2007 est.)

Natural gas - proved reserves:

4.708 trillion cu m (1 January 2008 est.)

Current account balance:

$20 billion (2007 est.)

Exports:

$69.17 billion f.o.b. (2007 est.)

Exports - commodities:

petroleum, bauxite and aluminum, steel, chemicals, agricultural
products, basic manufactures

Exports - partners:

US 42.7%, Netherlands Antilles 8%, China 3.1% (2007)

Imports:

$45.46 billion f.o.b. (2007 est.)

Imports - commodities:

raw materials, machinery and equipment, transport equipment,
construction materials

Imports - partners:

US 26.6%, Colombia 13.5%, Brazil 9.5%, China 6.7%, Mexico 5.2%,
Panama 5% (2007)

Economic aid - recipient:

$48.66 million (2005)

Reserves of foreig