Chavez's legacy, from The Guardian
Quote:
• Unemployment has dropped from 14.5% of the total labour force in 1999 to 7.6% in 2009
• Population has increased from 23,867,000 in 1999 to 29,278,000 in 2011. The annual population growth was 1.5% in 2011 compared with 1.9% in 1999
• GDP per capita has risen from $4,105 to $10,801 in 2011
• As you can see in the graphic chart, Venezuela's inflation has fluctuated since 1999. Inflation now stands at 31.6% compared with 23.6% in 1999
• Venezuela has a complicated history concerning currency exchange rates. Compared with 1999 when the exchange rate was under one bolivar to the US dollar, the latest figures from Reuters place it at 4.3 Bolivars to one dollar
• Poverty has decreased - in 1999, 23.4% of the population were recorded as being in extreme poverty, this fell to 8.5% in 2011 according to official government figures
• Infant mortality is now lower than in 1999 - from a rate of 20 per 1,000 live births then to a rate of 13 per 1,000 live births in 2011
• Violence has been a key concern in Venezuela for some time - figures from the UNODC state that the murder rate has risen since 1999. In 2011 the intentional homicide rate per 100,000 population was 45.1 compared with 25.0 just twelve years earlier
• Oil exports have boomed - Venezuela has one of the top proven oil reserves in the world and in 2011 Opec put the country's net oil export revenues at $60bn. In 1999 it stood at $14.4bn
Oil prices for 2012- Their oil production had dropped by 1 million bbd. Why.
No one is arguing he helped the poor. It is all the other crap he did.
Oil prices in 99 were under 20 per barrel. Today over 500 to 700 % increase in selling price and I do not include the points where it was over 130 a barrel.