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Venezuela - Bolivarian Republic of VenezuelaVenezuela - Bolivarian Republic of Venezuela Member

Bolivarian Republic of Venezuela is a tropical country on the northern coast of South America.

It borders Colombia to the west, Guyana to the east, and Brazil to the south. It northern coastline includes numerous islands in the Caribbean Sea, and borders the northern Atlantic Ocean Caribbean islands such as Trinidad and Tobago, Grenada, Curaçao, and Aruba in the north east, while the Leeward Antilles also lie near the Venezuelan coast.

Venezuela's natural resources boast a vast economic potential for the country. The petroleum sector dominates central government revenue, accounting for 50% of the share and over 90% of exports. It has the world's largest conventional oil reserves outside the Middle East and also one of the largest natural gas reserves in the world.

Major industries of Venezuela are oil, gas, telecommunications, consumer goods, mining, and agriculture.


Major Indicators

Land (sq.km) 912050
Population (inhabitants) 28435943
Capital Caracas
Continent South America
Language(s) Spanish (official), numerous indigenous dialects
National currency Venezuelan Bolivar
Time Zone GMT-4
Labor force (inhabitants) 11,063,628
GDP (current billion US$) 47.26
GDP per capita (current US$) 1,661.81
GDP growth (percentage) -26.12
Exports of Goods and Services (current billion US$) 8.24
Proven natural gas reserves (billion c.m.) 5,674
Natural gas marketed production (billion c.m.) 19.40
Pipeline exports (billion c.m.) 0
LNG exports (billion c.m.) 14.83
Domestic natural gas consumption (billion c.m.) 45.033489

Location

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