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Aliases: Bolivarian Republic of Venezuela, Republica Bolivariana de Venezuela

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Object «Venezuela» has attributes

Attribute Value
Area 912,050 km²
Continent South America
Land area 882,050 km²
Water area 30,000 km²
Land boundaries 5,267 km
Border countries
  • Brazil
  • Colombia
  • Guyana
Coastline 2,800 km
Mean elevation 450 m
Lowest point 0 m
Highest point 4,978 m
Population 28,644,603
Official languages
  • Spanish
Religion Nominally Roman Catholic
Long country name Bolivarian Republic of Venezuela
Short country name Venezuela
Long local name Republica Bolivariana de Venezuela
Short local name Venezuela
Former name Add
Government type Federal presidential republic
Capital Caracas
GDP (PPP) 381,600,000,000 USD
GDP (OER) 210,100,000,000 USD
GDP (real growth rate) -14 %
GDP - per capita (PPP) 12,500 USD
Gross national saving 12.1 % of GDP
Labor force 14,210,000
Unemployment rate 27.1 %
Population below poverty line 19.7 %
Budget revenues 92,800,000,000 USD
Budget expenditures 189,700,000,000 USD
Military expenditures 0.49 % of GDP
Taxes and other revenues 44.2 % of GDP
Budget surplus or deficit -46.1 % of GDP
Public debt 38.9 % of GDP
Inflation rate 1 %
Central bank discount rate 29.5 %
Commercial bank prime lending rate 21.1 %
Stock of narrow money 149,800,000,000 USD
Stock of broad money 149,800,000,000 USD
Stock of domestic credit 66,970,000,000 USD
Market value of publicly traded shares 25,300,000,000 USD
Current account balance 4,277,000,000 USD
Exports 32,060,000,000 USD
Imports 11,000,000,000 USD
Reserves of foreign exchange and gold 9,661,000,000 USD
External debt 100,300,000,000 USD
National currency bolivars
National currency (code) VEB
National currency (symbol) Add
National currency rate to USD 3

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. In 2016, President MADURO issued a decree to hold an election to form a "Constituent Assembly." A 30 July 2017 poll approved the formation of a 545-member Constituent Assembly and elected its delegates, empowering them to change the constitution and dismiss government institutions and officials. The US Government does not recognize the Assembly, which has generally used its powers to rule by decree rather than to reform the constitution. Simultaneously, democratic institutions continue to deteriorate, freedoms of expression and the press are 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.

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There was one edit, no edits waiting approval. Last edited by mann.zelma(9435), Sep 16, 2019 (61 fields were changed)
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