
Venezuela in the World
Venezuela - Introduction 2017
top of pageBackground: Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada which became Colombia). For most of the first half of the 20th century Venezuela was ruled by generally benevolent military strongmen who promoted the oil industry and allowed for some social reforms. Democratically elected governments have held sway since 1959. Under Hugo CHAVEZ president from 1999 to 2013 and his hand-picked successor President Nicolas MADURO the executive branch has exercised increasingly authoritarian control over other branches of government. At the same time democratic institutions have deteriorated freedoms of expression and the press have been curtailed and political polarization has grown. The ruling party's economic policies have expanded the state's role in the economy through expropriations of major enterprises strict currency exchange and price controls that discourage private sector investment and production and overdependence on the petroleum industry for revenues among others. Current concerns include: human rights abuses rampant violent crime high inflation and widespread shortages of basic consumer goods medicine and medical supplies.
Venezuela - Geography 2017
top of pageLocation: Northern South America bordering the Caribbean Sea and the North Atlantic Ocean between Colombia and Guyana
Geographic coordinates: 8 00 N 66 00 W
Map reference: South America
Area
Total: 912,050 km²
Land: 882,050 km²
Water: 30,000 km²
Rank: 34
Comparative: almost six times the size of Georgia; slightly more than twice the size of California
Land boundaries
Total: 5,267 km
Border countries: (3) Brazil 2,137 km; Colombia 2,341 km; Guyana 789 km
Coastline: 2,800 km
Maritime claims
Territorial sea: 12 nm
Contiguous zone: 15 nm
Exclusive economic zone: 200 nm
Continental shelf: 200-m depth or to the depth of exploitation
Climate: tropical; hot humid; more moderate in highlands
Terrain: Andes Mountains and Maracaibo Lowlands in northwest; central plains (llanos); Guiana Highlands in southeast
Elevation
Mean elevation: 450 m
Elevation extremes: lowest point: Caribbean Sea 0 m: highest point: Pico Bolivar 4,978 m
Natural resources: petroleum natural gas iron ore gold bauxite other minerals hydropower diamonds
Land use
Land use
Agricultural land: 24.5%
arable land: 3.1%
permanent crops: 0.8%
permanent pasture: 20.6%
permanent crops: 0.8%
permanent pasture: 20.6%
Forest: 52.1%
Other: 23.4%
Irrigated land: 10,550 km² (2012)
Major rivers
Major watersheds area km²
Total water withdrawal
Total renewable water resources
Natural hazards: subject to floods rockslides mudslides; periodic droughts
Geography
Note: on major sea and air routes linking North and South America; Angel Falls in the Guiana Highlands is the world's highest waterfall (979 m)
Venezuela - People 2017
top of pagePopulation
Distribution: most of the population is concentrated in the northern and western highlands along an eastern spur at the northern end of the Andes an area that includes the capital of Caracas: 31,304,016 (July 2017 est.)
Rank: 42
Growth rate: 1.24% (2017 est.)
Growth rate rank: 96
Below poverty line: 19.7% (2015 est.)
Nationality
Noun: Venezuelan
Adjective: Venezuelan
Ethnic groups: Spanish Italian Portuguese Arab German African indigenous people
Languages: Spanish (official) numerous indigenous dialects
Religions: nominally Roman Catholic 96% Protestant 2% other 2%
Demographic profile:
Social investment in Venezuela during the CHAVEZ administration reduced poverty from nearly 50% in 1999 to about 27% in 2011 increased school enrollment substantially decreased infant and child mortality and improved access to potable water and sanitation through social investment. 'Missions' dedicated to education nutrition healthcare and sanitation were funded through petroleum revenues. The sustainability of this progress remains questionable however as the continuation of these social programs depends on the prosperity of Venezuela's oil industry. In the long-term education and health care spending may increase economic growth and reduce income inequality but rising costs and the staffing of new health care jobs with foreigners are slowing development.
While CHAVEZ was in power more than one million predominantly middle- and upper-class Venezuelans are estimated to have emigrated. The brain drain is attributed to a repressive political system lack of economic opportunities steep inflation a high crime rate and corruption. Thousands of oil engineers emigrated to Canada Colombia and the United States following CHAVEZ's firing of over 20,000 employees of the state-owned petroleum company during a 2002-03 oil strike. Additionally thousands of Venezuelans of European descent have taken up residence in their ancestral homelands. Nevertheless Venezuela has attracted hundreds of thousands of immigrants from South America and southern Europe because of its lenient migration policy and the availability of education and health care. Venezuela also has been a fairly accommodating host to Colombian refugees numbering about 170,000 as of year-end 2016. However since 2014 falling oil prices have driven a major economic crisis that has pushed Venezuelans from all walks of life to migrate or to seek asylum abroad to escape severe shortages of food water and medicine; soaring inflation; unemployment; and violence. Tens of thousands of Venezuelans have migrated often illegally to Colombia Brazil Mexico Panama Chile Guyana the Dominican Republic or taken perilous journeys by raft to Aruba and Curacao. Asylum applications increased significantly in the US and Brazil in 2016 and 2017. Although several receiving countries are making efforts to increase immigration restrictions and to deport illegal Venezuelan migrants Venezuelans continue to migrate to avoid economic collapse at home.
While CHAVEZ was in power more than one million predominantly middle- and upper-class Venezuelans are estimated to have emigrated. The brain drain is attributed to a repressive political system lack of economic opportunities steep inflation a high crime rate and corruption. Thousands of oil engineers emigrated to Canada Colombia and the United States following CHAVEZ's firing of over 20,000 employees of the state-owned petroleum company during a 2002-03 oil strike. Additionally thousands of Venezuelans of European descent have taken up residence in their ancestral homelands. Nevertheless Venezuela has attracted hundreds of thousands of immigrants from South America and southern Europe because of its lenient migration policy and the availability of education and health care. Venezuela also has been a fairly accommodating host to Colombian refugees numbering about 170,000 as of year-end 2016. However since 2014 falling oil prices have driven a major economic crisis that has pushed Venezuelans from all walks of life to migrate or to seek asylum abroad to escape severe shortages of food water and medicine; soaring inflation; unemployment; and violence. Tens of thousands of Venezuelans have migrated often illegally to Colombia Brazil Mexico Panama Chile Guyana the Dominican Republic or taken perilous journeys by raft to Aruba and Curacao. Asylum applications increased significantly in the US and Brazil in 2016 and 2017. Although several receiving countries are making efforts to increase immigration restrictions and to deport illegal Venezuelan migrants Venezuelans continue to migrate to avoid economic collapse at home.
Age structure
Age structure
0-14 years: 27.36%
15-24 years: 17.03%
25-54 years: 40.53%
55-64 years: 7.98%
65 years and over: 7.09% (2017 est.)
Dependency ratios
Total dependency ratio: 52.6
Youth dependency ratio: 43
Elderly dependency ratio: 9.5
Potential support ratio: 10.5
Median age
Total: 28.3 years
Male: 27.6 years
Female: 29 years
Rank: 132
Population growth rate: 1.24% (2017 est.)
Rank: 96
Birth rate: 18.8 births/1000 population (2017 est.)
Rank: 90
Death rate: 5.3 deaths/1000 population (2017 est.)
Rank: 185
Net migration rate: -1.2 migrant(s)/1000 population (2017 est.)
Rank: 144
Population distribution: most of the population is concentrated in the northern and western highlands along an eastern spur at the northern end of the Andes an area that includes the capital of Caracas
Urbanization
Urban population: 89.1% of total population
Rate of urbanization: 1.38% annual rate of change
Major urban areas
Population: CARACAS (capital) 2.916 million; Maracaibo 2.196 million; Valencia 1.734 million; Maracay 1.166 million; Barquisimeto 1.039 million (2015)
Environment
Current issues: sewage pollution of Lago de Valencia; oil and urban pollution of Lago de Maracaibo; deforestation; soil degradation; urban and industrial pollution especially along the Caribbean coast; threat to the rainforest ecosystem from irresponsible mining operations
International agreements party to: Antarctic Treaty Biodiversity Climate Change Climate Change-Kyoto Protocol Desertification Endangered Species Hazardous Wastes Marine Life Conservation Ozone Layer Protection Ship Pollution Tropical Timber 83 Tropical Timber 94 Wetlands
International agreements signed but not ratified: none of the selected agreements
Air pollutants
Sex ratio
At birth: 1.05 male/female
0-14 years: 1.05 male/female
15-24 years: 1.03 male/female
25-54 years: 0.98 male/female
55-64 years: 0.92 male/female
65 years and over: 0.79 male/female
Total population: 0.99 male/female
Mothers mean age at first birth
Maternal mortality ratio
Infant mortality rate
Total: 12.2 deaths/1000 live births
Male: 12.8 deaths/1000 live births
Female: 11.6 deaths/1000 live births
Rank: 117
Life expectancy at birth
Total population: 76 years
Male: 73 years
Female: 79.1 years
Rank: 92
Total fertility rate: 2.32 children born/woman (2017 est.)
Rank: 88
Contraceptive prevalence rate: 75% (2010)
Drinking water source:
urban: 95% of population
rural: 77.9% of population
total: 93.1% of population
urban: 5% of population
rural: 22.1% of population
total: 6.9% of population (2015 est.)
rural: 77.9% of population
total: 93.1% of population
urban: 5% of population
rural: 22.1% of population
total: 6.9% of population (2015 est.)
Current health expenditure
Physicians density
Hospital bed density: 0.9 beds/1000 population (2011)
Sanitation facility access:
urban: 97.5% of population
rural: 69.9% of population
total: 94.4% of population
urban: 2.5% of population
rural: 30.1% of population
total: 5.6% of population (2015 est.)
rural: 69.9% of population
total: 94.4% of population
urban: 2.5% of population
rural: 30.1% of population
total: 5.6% of population (2015 est.)
Hiv/Aids
Adult prevalence rate: 0.6% (2016 est.)
Adult prevalence rate rank: 55
People living with hivaids: 120,000 (2016 est.)
People living with hivaids rank: 39
Deaths: 2,500 (2016 est.)
Deaths rank: 47
Major infectious diseases
Degree of risk: high
Food or waterborne diseases: bacterial diarrhea and hepatitis A
Vectorborne diseases: dengue fever and malaria
Note: active local transmission of Zika virus by Aedes species mosquitoes has been identified in this country ; it poses an important risk (a large number of cases possible) among US citizens if bitten by an infective mosquito; other less common ways to get Zika are through sex via blood transfusion or during pregnancy in which the pregnant woman passes Zika virus to her fetus (2016)
Obesity adult prevalence rate: 25.6% (2016)
Rank: 50
Alcohol consumption
Tobacco use
Children under the age of 5 years underweight: 2.9% (2009)
Rank: 115
Education expenditures: 6.9% of GDP (2009)
Rank: 22
Literacy
Definition: age 15 and over can read and write
Total population: 97.1%
Male: 97%
Female: 97.2%
School life expectancy primary to tertiary education
Total: 14 years
Male: NA
Female: NA
Youth unemployment
Venezuela - Government 2017
top of pageCountry name
Conventional long form: Bolivarian Republic of Venezuela
Conventional short form: Venezuela
Local long form: Republica Bolivariana de Venezuela
Local short form: Venezuela
Etymology: native stilt-houses built on Lake Maracaibo reminded early explorers Alonso de OJEDA and Amerigo VESPUCCI in 1499 of buildings in Venice and so they named the region 'Venezuola' which in Italian means 'Little Venice'
Government type: federal presidential republic
Capital
Name: Caracas
Geographic coordinates: 10 29 N 66 52 W
Time difference: UTC-4
Administrative divisions: 23 states (estados singular - estado) 1 capital district* (distrito capital) and 1 federal dependency** (dependencia federal); Amazonas Anzoategui Apure Aragua Barinas Bolivar Carabobo Cojedes Delta Amacuro Dependencias Federales (Federal Dependencies)** Distrito Capital (Capital District)* Falcon Guarico Lara Merida Miranda Monagas Nueva Esparta Portuguesa Sucre Tachira Trujillo Vargas Yaracuy Zulia
Note: the federal dependency consists of 11 federally controlled island groups with a total of 72 individual islands
Dependent areas
Independence: 5 July 1811 (from Spain)
National holiday: Independence Day 5 July (1811)
Constitution: many previous; latest adopted 15 December 1999 effective 30 December 1999; amended 2009 (2016)
Legal system: civil law system based on the Spanish civil code
International law organization participation: has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction
Citizenship
Citizenship by birth: yes
Citizenship by descent: yes
Dual citizenship recognized: no
Residency requirement for naturalization: 5 years
Suffrage: 18 years of age; universal
Executive branch
Chief of state: President Nicolas MADURO Moros ; Executive Vice President Tareck EL AISSAMI (since 4 January 2017); note - the president is both chief of state and head of government
Head of government: President Nicolas MADURO Moros ; Executive Vice President Tareck EL AISSAMI (since 4 January 2017)
Cabinet: Council of Ministers appointed by the president
Electionsappointments: president directly elected by simple majority popular vote for a 6-year term ; election last held on 14 April 2013 - a special election held following the death of President Hugo CHAVEZ Frias on 5 March 2013 (next election expected in late 2018 or early 2019 pending official convocation by the country's electoral body)
Election results: Nicolas MADURO Moros elected president; percent of vote - Nicolas MADURO Moros 50.6% Henrique CAPRILES Radonski (PJ) 49.1% other 0.3%
Legislative branch
Description: unicameral National Assembly or Asamblea Nacional
Elections: last held on 6 December 2015
Election results: percent of vote by party - MUD 56.2% PSUV (pro-government) 40.9% other 2.9%; seats by party - MUD 109 PSUV 55 indigenous peoples 3
Note: amid months of protests and clashes beginning in latter 2016 President MADURO issued a decree to hold an election to form a Constituent Assembly; the 30 July 2017 poll approved the formation of a 545-member Constituent Assembly which is empowered to change the constitution and dismiss government institutions and officials
Judicial branch
Highest court: Supreme Tribunal of Justice
Judge selection and term of office: judges proposed by the Committee of Judicial Postulation and appointed by the National Assembly; judges serve nonrenewable 12-year terms
Subordinate courts: Superior or Appeals Courts ; District Tribunals (Tribunales de Distrito); Courts of First Instance (Tribunales de Primera Instancia); Parish Courts (Tribunales de Parroquia); Justices of the Peace (Justicia de Paz) Network
Political parties and leaders:
Justice First or PJ [Julio BORGES]
Movement Toward Socialism or MAS [Segundo MELENDEZ]
Popular Will or VP [Leopoldo LOPEZ]
Progressive Wave or AP [Henri FALCON]
The Radical Cause or La Causa R [Americo DE GRAZIA]
United Socialist Party of Venezuela or PSUV [Nicolas MADURO]
Venezuelan Progressive Movement or MPV [Simon CALZADILLA]
Venezuela Project or PV [Henrique Fernando SALAS FEO]
Movement Toward Socialism or MAS [Segundo MELENDEZ]
Popular Will or VP [Leopoldo LOPEZ]
Progressive Wave or AP [Henri FALCON]
The Radical Cause or La Causa R [Americo DE GRAZIA]
United Socialist Party of Venezuela or PSUV [Nicolas MADURO]
Venezuelan Progressive Movement or MPV [Simon CALZADILLA]
Venezuela Project or PV [Henrique Fernando SALAS FEO]
International organization participation: Caricom (observer) CD CDB CELAC FAO G-15 G-24 G-77 IADB IAEA IBRD ICAO ICC (national committees) ICCt (signatory) ICRM IDA IFAD IFC IFRCS IHO ILO IMF IMO IMSO Interpol IOC IOM IPU ITSO ITU ITUC (NGOs) LAES LAIA LAS (observer) MIGA NAM OAS OPANAL OPCW OPEC PCA Petrocaribe UN UNASUR UNCTAD UNESCO UNHCR UNIDO Union Latina UNWTO UPU WCO WFTU (NGOs) WHO WIPO WMO WTO
Diplomatic representation
In the us chief of mission: Ambassador ; Charge d'Affaires Carlos Julio RON Martinez (since February 2017)
In the us chancery: 1099 30th Street NW Washington DC 20,007
In the us telephone: [1] 342-2,214
In the us FAX: [1] 342-6,820
In the us consulate general: Boston Chicago Houston New Orleans New York San Francisco San Juan
From the us chief of mission: Ambassador ; Charge d'Affaires Lee MCCLENNY (July 2014)
From the us embassy: Calle F con Calle Suapure Urbanizacion Colinas de Valle Arriba Caracas 1080
From the us mailing address: P. O. Box 62,291 Caracas 1060-A; APO AA 34,037
From the us telephone: [58] 975-6,411 907-8,400 (after hours)
From the us FAX: [58] 907-8,199
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 eight white five-pointed stars centered in the blue band; the flag retains the three equal horizontal bands and three main colors of the banner of Gran Colombia the South American republic that broke up in 1830; yellow is interpreted as standing for the riches of the land blue for the courage of its people and red for the blood shed in attaining independence; the seven stars on the original flag represented the seven provinces in Venezuela that united in the war of independence; in 2006 then President Hugo CHAVEZ ordered an eighth star added to the star arc - a decision that sparked much controversy - to conform with the flag proclaimed by Simon Bolivar in 1827 and to represent the historic province of Guayana
National symbols: troupial (bird); national colors: yellow blue red
National anthem
Name: 'Gloria al bravo pueblo'
Lyrics and music: Vicente SALIAS/Juan Jose LANDAETA
Note: adopted 1881; lyrics written in 1810 the music some years later; both SALIAS and LANDAETA were executed in 1814 during Venezuela's struggle for independence
National heritage
Venezuela - Economy 2017
top of pageEconomy overview:
Venezuela remains highly dependent on oil revenues which account for almost all export earnings and nearly half of the government’s revenue. In 2016 GDP contracted 10% inflation hit 720% people faced widespread shortages of consumer goods and central bank international reserves dwindled. On the other hand Venezuela managed to pay down its external debt and narrow its current account deficit. Domestic production and industry continues to severely underperform and the Venezuelan government continues to rely on imports to meet its basic food and consumer goods needs.
Falling oil prices since 2014 have aggravated Venezuela’s economic crisis. Insufficient access to dollars price controls and rigid labor regulations have led some US and multinational firms to reduce or shut down their Venezuelan operations. Market uncertainty and state oil company PDVSA’s poor cash flow have slowed investment in the petroleum sector resulting in a decline in oil production.
Under President Nicolas MADURO the Venezuelan Government’s response to the economic crisis has been to increase state control over the economy and blame the private sector for the shortages. MADURO has ceded increasing authority for the production and distribution of scarce goods to the military and to local socialist party member committees. The Venezuelan Government has maintained strict currency controls since 2003. On 17 February 2016 the Venezuelan Government announced a change from three official currency exchange mechanisms to only two official rates for the sale of dollars to private-sector firms and individuals with rates based on the government's import priorities. The official exchange rate used for food and medicine imports was devalued to 10 bolivars per dollar from 6.3 bolivars per dollar. The second rate moved to a managed float. These currency controls present significant obstacles to trade with Venezuela because importers cannot obtain sufficient dollars to purchase goods needed to maintain their operations. Meting out access to the multiple exchange rates has created opportunities for arbitrage and corruption. MADURO has used decree powers to enact legislation to deepen the state’s role as the primary buyer and distributor of imports further tighten currency controls cap business profits and extend price controls.
Falling oil prices since 2014 have aggravated Venezuela’s economic crisis. Insufficient access to dollars price controls and rigid labor regulations have led some US and multinational firms to reduce or shut down their Venezuelan operations. Market uncertainty and state oil company PDVSA’s poor cash flow have slowed investment in the petroleum sector resulting in a decline in oil production.
Under President Nicolas MADURO the Venezuelan Government’s response to the economic crisis has been to increase state control over the economy and blame the private sector for the shortages. MADURO has ceded increasing authority for the production and distribution of scarce goods to the military and to local socialist party member committees. The Venezuelan Government has maintained strict currency controls since 2003. On 17 February 2016 the Venezuelan Government announced a change from three official currency exchange mechanisms to only two official rates for the sale of dollars to private-sector firms and individuals with rates based on the government's import priorities. The official exchange rate used for food and medicine imports was devalued to 10 bolivars per dollar from 6.3 bolivars per dollar. The second rate moved to a managed float. These currency controls present significant obstacles to trade with Venezuela because importers cannot obtain sufficient dollars to purchase goods needed to maintain their operations. Meting out access to the multiple exchange rates has created opportunities for arbitrage and corruption. MADURO has used decree powers to enact legislation to deepen the state’s role as the primary buyer and distributor of imports further tighten currency controls cap business profits and extend price controls.
Real gdp purchasing power parity:
$434.9 billion (2016 est.)
$514 billion (2015 est.)
$542.2 billion (2014 est.)
$514 billion (2015 est.)
$542.2 billion (2014 est.)
Note: data are in 2016 dollars
Rank: 46
Real gdp growth rate:
-16.5% (2016 est.)
-6.2% (2015 est.)
-3.9% (2014 est.)
-6.2% (2015 est.)
-3.9% (2014 est.)
Rank: 224
Real gdp per capita:
$14,000 (2016 est.)
$17,000 (2015 est.)
$18,400 (2014 est.)
$17,000 (2015 est.)
$18,400 (2014 est.)
Note: data are in 2016 dollars
Rank: 115
Gross national saving:
7.6% of GDP (2016 est.)
31.8% of GDP (2015 est.)
9.1% of GDP (2014 est.)
31.8% of GDP (2015 est.)
9.1% of GDP (2014 est.)
Rank: 114
Gdp composition by sector of origin
Gdp composition by end use
Household consumption: 71.9%
Government consumption: 16.2%
Investment in fixed capital: 17.3%
Investment in inventories: 1.9%
Exports of goods and services: 6.1%
Imports of goods and services: -13.3%
Gdp composition by sector of origin
Agriculture: 4%
Industry: 35.5%
Services: 60.6%
Agriculture products: corn sorghum sugarcane rice bananas vegetables coffee; beef pork milk eggs; fish
Industries: agricultural products livestock raw materials machinery and equipment transport equipment construction materials medical equipment pharmaceuticals chemicals iron and steel products crude oil and petroleum products
Industrial production growth rate: -8% (2016 est.)
Rank: 194
Labor force: 14.16 million (2016 est.)
Rank: 41
By occupation agriculture: 7.3%
By occupation industry: 21.8%
By occupation services: 70.9%
Labor force
Unemployment rate:
20.6% (2016 est.)
6.8% (2015 est.)
6.8% (2015 est.)
Rank: 174
Youth unemployment
Population below poverty line: 19.7% (2015 est.)
Gini index
Household income or consumption by percentage share
Lowest 10: 1.7%
Highest 10: 32.7%
Distribution of family income gini index:
39 (2011)
49.5 (1998)
49.5 (1998)
Rank: 68
Budget
Revenues: $98.81 billion
Expenditures: $236.6 billion
Surplus or deficit: -48% of GDP (2016 est.)
Surplus or deficit rank: 218
Taxes and other revenues: 34.4% of GDP (2016 est.)
Rank: 58
Public debt:
39.3% of GDP (2016 est.)
50.6% of GDP (2015 est.)
50.6% of GDP (2015 est.)
Note: data cover central government debt as well as the debt of state-owned oil company PDVSA; the data include treasury debt held by foreign entities; the data include some debt issued by subnational entities as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds such as for retirement medical care and unemployment; some debt instruments for the social funds are sold at public auctions
Rank: 135
Revenue
Fiscal year: calendar year
Inflation rate consumer prices:
254.4% (2016 est.)
121.7% (2015 est.)
121.7% (2015 est.)
Rank: 227
Central bank discount rate: 29.5% (2015)
Rank: 1
Commercial bank prime lending rate:
20.78% (31 December 2016 est.)
19.4% (31 December 2015 est.)
19.4% (31 December 2015 est.)
Rank: 14
Stock of narrow money:
$163.3 billion (31 December 2016 est.)
$273.3 billion (31 December 2015 est.)
$273.3 billion (31 December 2015 est.)
Rank: 26
Stock of broad money:
$165.4 billion (31 December 2016 est.)
$279.1 billion (31 December 2015 est.)
$279.1 billion (31 December 2015 est.)
Rank: 43
Stock of domestic credit:
$339.6 billion (31 December 2016 est.)
$339 billion (31 December 2015 est.)
$339 billion (31 December 2015 est.)
Rank: 33
Market value of publicly traded shares:
$25.3 billion (31 December 2012 est.)
$5.143 billion (31 December 2011 est.)
$3.991 billion (31 December 2011 est.)
$5.143 billion (31 December 2011 est.)
$3.991 billion (31 December 2011 est.)
Rank: 62
Current account balance:
$-3.87 billion (2016 est.)
$-20.36 billion (2015 est.)
$-20.36 billion (2015 est.)
Rank: 184
Exports:
$27.2 billion (2016 est.)
$37.23 billion (2015 est.)
$37.23 billion (2015 est.)
Rank: 63
Commodities: petroleum and petroleum products bauxite and aluminum minerals chemicals agricultural products
Partners: US 35.1% India 17.2% China 14.1% Netherlands Antilles 8% Singapore 5.3% Cuba 4.1% (2016)
Imports:
$20.19 billion (2016 est.)
$36.46 billion (2015 est.)
$36.46 billion (2015 est.)
Rank: 69
Commodities: agricultural products livestock raw materials machinery and equipment transport equipment construction materials medical equipment petroleum products pharmaceuticals chemicals iron and steel products
Partners: US 22.1% China 14.3% Brazil 7.4% Colombia 4.2% (2016)
Reserves of foreign exchange and gold:
$10.99 billion (31 December 2016 est.)
$16.37 billion (31 December 2015 est.)
$16.37 billion (31 December 2015 est.)
Rank: 71
Debt external:
$109.8 billion (31 December 2016 est.)
$123.7 billion (31 December 2015 est.)
$123.7 billion (31 December 2015 est.)
Rank: 48
Stock of direct foreign investment at home:
$33.78 billion (31 December 2016 est.)
$32.18 billion (31 December 2015 est.)
$32.18 billion (31 December 2015 est.)
Rank: 65
Stock of direct foreign investment abroad:
$31.12 billion (31 December 2016 est.)
$30.04 billion (31 December 2015 est.)
$30.04 billion (31 December 2015 est.)
Rank: 50
Exchange rates:
bolivars (VEB) per US dollar -
48.07 (2016 est.)
48.07 (2015 est.)
13.72 (2014 est.)
6.284 (2013 est.)
4.29 (2012 est.)
48.07 (2016 est.)
48.07 (2015 est.)
13.72 (2014 est.)
6.284 (2013 est.)
4.29 (2012 est.)
Venezuela - Energy 2017
top of pageElectricity
Access population without electricity: 100,000
Access electrification total population: 99.7%
Access electrification urban areas: 99.8%
Access electrification rural areas: 98.6%
Production: 114.4 billion kWh (2015 est.)
Production rank: 33
Consumption: 73.99 billion kWh (2015 est.)
Consumption rank: 39
Exports: 0 kWh (2015 est.)
Exports rank: 212
Imports: 0 kWh (2015 est.)
Imports rank: 215
Installed generating capacity: 32.17 million kW (2015 est.)
Installed generating capacity rank: 33
Generation sources fossil fuels: 52.8% of total installed capacity (2015 est.)
Generation sources fossil fuels rank: 145
Generation sources nuclear: 0% of total installed capacity (2015 est.)
Generation sources nuclear rank: 204
Generation sources hydroelectricity: 47.1% of total installed capacity (2015 est.)
Generation sources hydroelectricity rank: 44
Generation sources other renewable sources: 0.1% of total installed capacity (2015 est.)
Generation sources other renewable sources rank: 168
Coal
Petroleum
Petroleum total petroleum production: 2.277 million bbl/day (2016 est.)
Petroleum total petroleum production rank: 11
Crude oil exports: 1.514 million bbl/day (2014 est.)
Crude oil exports rank: 10
Crude oil imports: 0 bbl/day (2014 est.)
Crude oil imports rank: 206
Crude oil proven reserves: 300.9 billion bbl (1 January 2017 es)
Crude oil proven reserves rank: 1
Crude oil
Refined petroleum
Products production: 1.028 million bbl/day (2014 est.)
Products production rank: 20
Products consumption: 747,000 bbl/day (2015 est.)
Products consumption rank: 30
Products exports: 402,300 bbl/day (2014 est.)
Products exports rank: 19
Products imports: 0 bbl/day (2014 est.)
Products imports rank: 214
Natural gas
Production: 26 billion m³ (2015 est.)
Production rank: 29
Consumption: 39.62 billion m³ (2015 est.)
Consumption rank: 33
Exports: 0 m³ (2014 est.)
Exports rank: 205
Imports: 500 million m³ (2015 est.)
Imports rank: 67
Proven reserves: 5.701 trillion m³ (1 January 2017 es)
Proven reserves rank: 8
Carbon dioxide emissions
From consumption of energy: 188 million Mt (2013 est.)
From consumption of energy rank: 31
Energy consumption per capita
Venezuela - Communication 2017
top of pageTelephones
Fixed lines total subscriptions: 7,752,232
Fixed lines subscriptions per 100 inhabitants: 25
Fixed lines rank: 23
Mobile cellular total: 27,600,893
Mobile cellular subscriptions per 100 inhabitants: 89
Mobile cellular rank: 40
Telephone system
General assessment: modern and expanding
Domestic: two domestic satellite systems with three earth stations; recent substantial improvement in telephone service in rural areas; installation of a national interurban fiber-optic network capable of digital multimedia services; three major providers operate the mobile market; combined fixed-line and mobile-cellular telephone subscribership about 115 per 100 persons
International: country code - 58; submarine cable systems provide connectivity to Cuba and the Caribbean Central and South America and US; satellite earth stations - 1 Intelsat and 1 PanAmSat; participating with Colombia Ecuador Peru and Bolivia in the construction of an international fiber-optic network (2016)
Broadcast media: government supervises a mixture of state-run and private broadcast media; 13 public service networks 61 privately owned TV networks a privately owned news channel with limited national coverage and a government-backed Pan-American channel; state-run radio network includes roughly 65 news stations and another 30 stations targeted at specific audiences; state-sponsored community broadcasters include 235 radio stations and 44 TV stations; the number of private broadcast radio stations has been declining but many still remain in operation (2014)
Internet
Country code: .ve
Users total: 18,547,381
Users percent of population: 60.0%
Users rank: 37
Broadband fixed subscriptions
Venezuela - Military 2017
top of pageMilitary expenditures:
1% of GDP (2015)
1.16% of GDP (2014)
1.43% of GDP (2013)
1.3% of GDP (2012)
0.75% of GDP (2011)
1.16% of GDP (2014)
1.43% of GDP (2013)
1.3% of GDP (2012)
0.75% of GDP (2011)
Rank: 98
Military and security forces
Military service age and obligation: all citizens of military service age (18-60 years old) are obligated to register for military service though mandatory recruitment is forbidden; the minimum service obligation is 12 months (2016)
Space program
Terrorist groups
Venezuela - Transportation 2017
top of pageNational air transport system
Number of registered air carriers: 17
Inventory of registered aircraft operated by air carriers: 122
Annual passenger traffic on registered air carriers: 6,456,853
Annual freight traffic on registered air carriers: 6,204,085 mt-km
Civil aircraft registration country code prefix: YV (2016)
Airports: 444 (2013)
Rank: 19
With paved runways total: 127
With paved runways over 3047 m: 6
With paved runways 2438 to 3047 m: 9
With paved runways 15-24 to 2437 m: 33
With paved runways under 914 m: 17
With unpaved runways total: 317
With unpaved runways 2438 to 3047 m: 3
With unpaved runways 15-24 to 2437 m: 57
With unpaved runways 914 to 1523 m: 127
With unpaved runways under 914 m: 130
Heliports: 3 (2013)
Pipelines: extra heavy crude 981 km; gas 5,941 km; oil 7,588 km; refined products 1778 km (2013)
Railways
Total: 447 km
Standard gauge: 447 km 1.435-m gauge (2014)
Rank: 117
Roadways
Total: 96,189 km
Rank: 50
Waterways: 7,100 km (Orinoco River (400 km) and Lake de Maracaibo navigable by oceangoing vessels) (2011)
Rank: 20
Merchant marine
Total: 53
By type: bulk carrier 4 cargo 12 chemical tanker 1 liquefied gas 5 passenger 1 passenger/cargo 14 petroleum tanker 16
Foreign owned: 9
Registered in other countries: 14 (2010)
Rank: 70
Ports and terminals
Major seaport: La Guaira Maracaibo Puerto Cabello Punta Cardon
Oil terminal: Jose terminal
Venezuela - Transnational issues 2017
top of pageDisputes international: claims all of the area west of the Essequibo River in Guyana preventing any discussion of a maritime boundary; Guyana has expressed its intention to join Barbados in asserting claims before the UN Convention on the Law of the Sea that Trinidad and Tobago's maritime boundary with Venezuela extends into their waters; dispute with Colombia over maritime boundary and Venezuelan administered Los Monjes Islands near the Gulf of Venezuela; Colombian organized illegal narcotics and paramilitary activities penetrate Venezuela's shared border region; US France and the Netherlands recognize Venezuela's granting full effect to Aves Island thereby claiming a Venezuelan Economic Exclusion Zone/continental shelf extending over a large portion of the eastern Caribbean Sea; Dominica Saint Kitts and Nevis Saint Lucia and Saint Vincent and the Grenadines protest Venezuela's full effect claim
Refugees and internally displaced persons
Refugees: 171,920 (Colombia) (2016)
Illicit drugs
Rank: li>a href='../rankorder/rankorderguide.html'>Guide to Country Comparisons: small-scale illicit producer of opium and coca for the processing of opiates and coca derivatives; however large quantities of cocaine heroin and marijuana transit the country from Colombia bound for US and Europe; significant narcotics-related money-laundering activity especially along the border with Colombia and on Margarita Island; active eradication program primarily targeting opium; increasing signs of drug-related activities by Colombian insurgents on border
You found a piece of the puzzle
Please click here to complete it
Please click here to complete it


