Venezuela - 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.
|Language(s)||Spanish (official), numerous indigenous dialects|
|National currency||Venezuelan Bolivar|
|Labor force (inhabitants)||10,665,579|
|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.)||5,541|
|Natural gas marketed production (billion c.m.)||21.57|
|Pipeline exports (billion c.m.)||0.00|
|Domestic natural gas consumption (billion c.m.)||14.20|