Venezuela

Bolivarian Republic of VenezuelaRepública Bolivariana de Venezuela

federal presidential republicIndependence 5 July 1811 (from Spain)

Venezuela as the 2025 edition of the CIA World Factbook published it: 141 fields, one of 36 editions from 1990 to 2025.

field in that editiontext changed from the edition beforenot in that editionthe open editionEach field below ends in its editions, 1990 to 2025. Point at a year above to follow it down.

CapitalCaracas, UTC-4
Position8 00 N, 66 00 W
Area912,050 sq km
LocationNorthern South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana
Populationas each edition published it
31.76 million 2025 est. · 19.7m in 1990
Population growth% a year
0.88% 2025 est. · 2.22% in 1993
Median ageyears
31.3 years 2025 est. · 24.8 yrs in 2003
Life expectancyyears at birth
74.5 years 2024 est. · 72.69 yrs in 1993
Fertility ratechildren per woman
2.16 children per woman 2025 est. · 3.4 in 1990
Infant mortalitydeaths per 1,000 live births
13.6 deaths per 1,000 live births 2025 est. · 27 in 1990
GDP per capitaeach edition's own dollars
$4,900 2023 est. · $2,800 in 1993
GDP real growth% a year
-19.67% 2018 est. · 7.3% in 1993

Introduction

1 field

Background

Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830, the others being Ecuador and New Granada (Colombia). For most of the first half of the 20th century, military strongmen ruled Venezuela and promoted the oil industry while allowing some social reforms. Democratically elected governments largely held sway until 1999, but Hugo CHAVEZ, who was president from 1999 to 2013, exercised authoritarian control over other branches of government.

This trend continued in 2018 when Nicolas MADURO claimed the presidency for his second term in an election boycotted by most opposition parties and widely viewed as fraudulent. The legislative elections in 2020 were also seen as fraudulent, and most opposition parties and many international actors consider the resulting National Assembly illegitimate. In 2021, many opposition parties broke a three-year election boycott and participated in mayoral and gubernatorial elections, despite flawed conditions.

As a result, the opposition more than doubled its representation at the mayoral level and retained four of 23 governorships. The 2021 regional elections marked the first time since 2006 that the EU was allowed to send an electoral observation mission to Venezuela.

MADURO has placed strong restrictions on free speech and the press. Since CHAVEZ, the ruling party has expanded the state's role in the economy through expropriations of major enterprises, strict currency exchange and price controls, and over-dependence on the petroleum industry for revenues. Years of economic mismanagement left Venezuela ill-prepared to weather the global drop in oil prices in 2014, sparking an economic decline that has resulted in reduced government social spending, shortages of basic goods, and high inflation.

Worsened living conditions have prompted nearly 8 million Venezuelans to emigrate, mainly settling in nearby countries. The US imposed financial sanctions on MADURO and his representatives in 2017 and on sectors of the Venezuelan economy in 2018. Limited sanctions relief followed when the MADURO administration began making democratic and electoral concessions.

The government's mismanagement and lack of investment in infrastructure has also weakened the country's energy sector. Caracas has relaxed some controls to mitigate the impact of its sustained economic crisis, such as allowing increased import flexibility for the private sector and the informal use of US dollars and other international currencies. Ongoing concerns include human rights abuses, rampant violent crime, political manipulation of the judicial and electoral systems, and corruption.

Geography

Northern South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana

20 fields

Land useshare of 912,050 sq km

arable land 2.9% (2023 est.)permanent crops 0.8% (2023 est.)permanent pasture 20.6% (2023 est.)forest 53.5% (2023 est.)other 22.1% (2023 est.)agricultural land 24.4% (2023 est.) in all · irrigated 10,550 sq km (2012)
Area
912,050sq km
land: 882,050 sq kmwater: 30,000 sq kmalmost six times the size of Georgia; slightly more than twice the size of California
Coastline
2,800km
territorial sea: 12 nmcontiguous zone: 15 nmexclusive economic zone: 200 nmcontinental shelf: 200-m depth or to the depth of exploitation
Highest point
4,978m
Pico Bolivarlowest point: Caribbean Sea 0 mmean elevation: 450 m
Land boundaries
5,267km
border countries (3): Brazil 2,137 km; Colombia 2,341 km; Guyana 789 km

Location

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 references

South America

Climate

  • tropical;
  • hot, humid;
  • more moderate in highlands

Terrain

  • Andes Mountains and Maracaibo Lowlands in northwest;
  • central plains (llanos);
  • Guiana Highlands in southeast

Natural resources

petroleum, natural gas, iron ore, gold, bauxite, other minerals, hydropower, diamonds

Major lakes (area sq km)

salt water lake(s): Lago de Maracaibo - 13,010 sq km

Major rivers (by length in km)

Rio Negro (shared with Colombia [s] and Brazil [m]) - 2,250 km; Orinoco river source and mouth (shared with Colombia) - 2,101 km note: [s] after country name indicates river source; [m] after country name indicates river mouth

Major watersheds (area sq km)

Atlantic Ocean drainage: Amazon (6,145,186 sq km), Orinoco (953,675 sq km)

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

Natural hazards

subject to floods, rockslides, mudslides; periodic droughts

Geography - note

note 1: the country lies on major sea and air routes linking North and South America

note 2: Venezuela has some of the most unique geology in the world; tepuis are the massive table-top mountains of the western Guiana Highlands that tend to be isolated and thus support unique endemic plant and animal species;

their sheer cliffsides help create some of the most spectacular waterfalls in the world, including Angel Falls, the world's highest (979 m; 3,212 ft) that drops from Auyan Tepui

People and Society

30 fields

Age structuremale left, female right · (2024 est.)

1,303,737
65 and over9.1%
1,553,172
10,264,353
15-6465.9%
10,330,376
3,987,361
0-1425%
3,811,307
MaleFemaleDependency ratios: total dependency ratio: 51.8 (2025 est.) · youth dependency ratio: 37.5 (2025 est.) · elderly dependency ratio: 14.3 (2025 est.) · potential support ratio: 7 (2025 est.)
Population
31,755,435
(2025 est.)male: 15,808,263female: 15,947,172growth rate: 0.88% (2025 est.)

Per 1,000 population(2025 est.)

Birth
16.45Death
6.54Net migration
-1.15

Male · female(2017 est.)

TotalMale · femaleLife expectancy74.5
71.5 · 77.7Infant mortality13.6
15.4 · 12.2
TotalMale · femaleLiteracy97.2%
97.2% · 97.3%Median age31.3
30.3 · 31.7
MaleFemale
Urban population
88.4%of total population
(2023)rate of urbanization: 1.16% annual rate of change (2020-25 est.)Major urban areas - population:2.972 million CARACAS (capital), 2.368 million Maracaibo, 1.983 million Valencia, 1.254 million Barquisimeto, 1.243 million Maracay, 964,000 Ciudad Guayana (2023)
Improved drinking water
93.3%of population
(2022 est.)total: 6.7% of population (2022 est.)
Improved sanitation
98.4%of population
(2022 est.)total: 1.6% of population (2022 est.)
Maternal mortality ratio
227deaths/100,000 live births
(2023 est.)

Nationality

noun:
Venezuelan(s)
adjective:
Venezuelan

Ethnic groups

unspecified Spanish, Italian, Portuguese, Arab, German, African, Indigenous

Languages

Spanish (official) 98.2%, indigenous 1.3%, Portuguese 0.1%, other 0.4% (2023 est.); major-language sample(s): La Libreta Informativa del Mundo, la fuente indispensable de información básica. (Spanish); The World Factbook, the indispensable source for basic information.

Religions

Roman Catholic 48.1%, Protestant 31.6% (Evangelical 31.4%, Adventist 0.2%), Jehovah's Witness 1.4%, African American/umbanda 0.7%, other 0.1%, believer 3.5%, agnostic 0.1%, atheist, 0.4%, none 13.6%, unspecified 0.6% (2023 est.)

Median age

total:
31.3 years (2025 est.)
male:
30.3 years
female:
31.7 years

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

Sex ratio

at birth:
1.05 male(s)/female
0-14 years:
1.05 male(s)/female
15-64 years:
0.99 male(s)/female
65 years and over:
0.84 male(s)/female
total population:
0.99 male(s)/female (2024 est.)

Infant mortality rate

total:
13.6 deaths/1,000 live births (2025 est.)
male:
15.4 deaths/1,000 live births
female:
12.2 deaths/1,000 live births

Life expectancy at birth

total population:
74.5 years (2024 est.)
male:
71.5 years
female:
77.7 years

Total fertility rate

2.16 children born/woman (2025 est.)

Gross reproduction rate

1.05 (2025 est.)

Health expenditure

4% of GDP (2021) · 6% of national budget (2022 est.)

Physician density

1.66 physicians/1,000 population (2017)

Hospital bed density

1 beds/1,000 population (2020 est.)

Alcohol consumption per capita

total:
2.51 liters of pure alcohol (2019 est.)
beer:
1.54 liters of pure alcohol (2019 est.)
wine:
0.01 liters of pure alcohol (2019 est.)
spirits:
0.92 liters of pure alcohol (2019 est.)
other alcohols:
0.03 liters of pure alcohol (2019 est.)

Education expenditure

0% of GDP (2023 est.) · 10.3% national budget (2024 est.)

Environment

11 fields

Land use(2023 est.)

arable land 2.9% (2023 est.)permanent crops 0.8% (2023 est.)permanent pasture 20.6% (2023 est.)forest 53.5% (2023 est.)other 22.1% (2023 est.)agricultural land 24.4% (2023 est.) in all

Environmental 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 mining operations

International environmental agreements

party to:
Antarctic-Environmental Protection, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Climate Change-Paris Agreement, Comprehensive Nuclear Test Ban, Desertification, Endangered Species, Hazardous Wastes, Marine Life Conservation, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 2006, Wetlands
signed, but not ratified:
none of the selected agreements

Climate

  • tropical;
  • hot, humid;
  • more moderate in highlands

Urbanization

urban population:
88.4% of total population (2023)
rate of urbanization:
1.16% annual rate of change (2020-25 est.)

Carbon dioxide emissions

76.73 million metric tonnes of CO2 (2023 est.)

from coal and metallurgical coke:
179,000 metric tonnes of CO2 (2023 est.)
from petroleum and other liquids:
27.928 million metric tonnes of CO2 (2023 est.)
from consumed natural gas:
48.623 million metric tonnes of CO2 (2023 est.)

Particulate matter emissions

16.1 micrograms per cubic meter (2019 est.)

Methane emissions

energy:
3,595.7 kt (2022-2024 est.)
agriculture:
1,007.8 kt (2019-2021 est.)
waste:
328.3 kt (2019-2021 est.)
other:
7 kt (2019-2021 est.)

Waste and recycling

municipal solid waste generated annually:
9.779 million tons (2024 est.)
percent of municipal solid waste recycled:
21.3% (2022 est.)

Total water withdrawal

municipal:
5.123 billion cubic meters (2022 est.)
industrial:
793.3 million cubic meters (2022 est.)
agricultural:
16.71 billion cubic meters (2022 est.)

Total renewable water resources

1.325 trillion cubic meters (2022 est.)

Government

Federal presidential republic; Interim President Delcy Eloína RODRÍGUEZ Gómez (since 5 January 2026); Interim President Delcy Eloína RODRÍGUEZ Gómez (since 5 January 2026)

23 fields

Presidential electionpercent of vote

52%
Nicolas MADURO Moros (PSUV) 52%Edmundo GONZÁLEZ Urrutia (Independent) 43.2%Luis Eduardo MARTÍNEZ (AD) 1.2%other 3.6%

Country name

conventional long form:
Bolivarian Republic of Venezuela
conventional short form:
Venezuela
local long form:
República Bolivariana de Venezuela
local short form:
Venezuela
former:
State of Venezuela, Republic of Venezuela, United States of Venezuela
etymology:
in 1499, the stilt-houses built on Lake Maracaibo reminded explorers Alonso de OJEDA and Amerigo VESPUCCI of buildings in Venice, Italy, and they named the region "Venezuola," meaning "Little Venice"

Government type

federal presidential republic

Capital

name:
Caracas
geographic coordinates:
10 29 N, 66 52 W
time difference:
UTC-4 (1 hour ahead of Washington, DC, during Standard Time)
etymology:
named for the Caracas tribe that originally settled in the area; the origin of their name is unknown

Administrative divisions

  • 23 states ( estados , singular - estado ), 1 capital district* ( distrito capital ), and 1 federal dependency** ( dependencia federal );
  • Amazonas, Anzoátegui, Apure, Aragua, Barinas, Bolivar, Carabobo, Cojedes, Delta Amacuro, Dependencias Federales (Federal Dependencies)**, Distrito Capital (Capital District)*, Falcon, Guárico, La Guairá, Lara, Merida, Miranda, Monagas, Nueva Esparta, Portuguesa, Sucre, Táchira, Trujillo, Yaracuy, Zulia

note: the federal dependency consists of 11 federally controlled island groups with a total of 72 individual islands

Constitution

history:
many previous; latest adopted 15 December 1999, effective 30 December 1999
amendment process:
  • proposed through agreement by at least 39% of the National Assembly membership, by the president of the republic in session with the cabinet of ministers, or by petition of at least 15% of registered voters;
  • passage requires simple majority vote by the Assembly and simple majority approval in a referendum

International law organization participation

has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction

Citizenship

citizenship by birth:
yes
citizenship by descent only:
yes
dual citizenship recognized:
yes
residency requirement for naturalization:
10 years; reduced to five years in the case of applicants from Spain, Portugal, Italy, or a Latin American or Caribbean country

Suffrage

18 years of age; universal

Executive branch

chief of state:
Interim President Delcy Eloína RODRÍGUEZ Gómez (since 5 January 2026)
head of government:
Interim President Delcy Eloína RODRÍGUEZ Gómez (since 5 January 2026)
cabinet:
Council of Ministers appointed by the president
election/appointment process:
president directly elected by simple-majority popular vote for a 6-year term (no term limits)
most recent election date:
28 July 2024
election results:
  • 2024: official results disputed;
  • Nicolas MADURO Moros was declared the winner by the MADURO-controlled National Electoral Council;
  • percent of vote - Nicolas MADURO Moros (PSUV) 52%, Edmundo GONZÁLEZ Urrutia (Independent) 43.2%, Luis Eduardo MARTÍNEZ (AD) 1.2%, other 3.6%
; 2018: Nicolas MADURO Moros reelected president; percent of vote - Nicolas MADURO Moros (PSUV) 67.9%, Henri FALCON (AP) 20.9%, Javier BERTUCCI 10.8%
expected date of next election:
unknown

note 1: the president is both chief of state and head of government

note 2: in January 2026, the United States removed Nicolas MADURO Moros from his position as leader; Interim President RODRÍGUEZ has been sworn in and is expected to remain during a transition period

note 3: the United States did not recognize Nicolas MADURO Moros as president of Venezuela; the United States recognized that Edmundo GONZÁLEZ won the most votes in the 28 July 2024 presidential election because of overwhelming evidence, including more than 80% of the tally sheets received directly from polling stations that indicated GONZÁLEZ received the most votes by an insurmountable margin

Legislative branch

legislature name:
National Assembly (Asamblea Nacional)
legislative structure:
unicameral
number of seats:
277 (all directly elected)
electoral system:
mixed system
scope of elections:
full renewal
term in office:
5 years
most recent election date:
12/6/2020
percentage of women in chamber:
32.1%
expected date of next election:
May 2025

note: in 2020, the National Electoral Council increased the number of seats in the National Assembly from 167 to 277 for the December 2020 election

Judicial branch

highest court(s):
Supreme Tribunal of Justice (consists of 32 judges organized into constitutional, political-administrative, electoral, civil appeals, criminal appeals, and social divisions)
judge selection and term of office:
judges proposed by the Committee of Judicial Postulation (an independent body of organizations dealing with legal issues and of the organs of citizen power) and appointed by the National Assembly; judges serve nonrenewable 12-year terms
subordinate courts:
  • Superior or Appeals Courts (Tribunales Superiores);
  • 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

  • A New Era (Un Nuevo Tiempo) or UNT
  • Cambiemos Movimiento Ciudadano or CMC
  • Christian Democrats or COPEI (also known as the Social Christian Party)
  • Citizens Encounter or EC
  • Clear Accounts or CC
  • Coalition of parties loyal to Nicolas MADURO - Great Patriotic Pole or GPP
  • Coalition of opposition parties - Democratic Alliance (Alianza Democratica) (includes AD, EL CAMBIO, COPEI, CMC, and AP)
  • Come Venezuela (Vente Venezuela) or VV
  • Communist Party of Venezuela or PCV
  • Consenso en la Zona or Conenzo
  • Convergencia
  • Democratic Action or AD
  • Fatherland for All (Patria para Todos) or PPT
  • Fearless People's Alliance or ABP
  • Fuerza Vecinal or FV
  • Hope for Change (Esperanza por el Cambio) or EL CAMBIO
  • Justice First (Primero Justicia) or PJ
  • LAPIZ
  • Movement to Socialism (Movimiento al Socialismo) or MAS
  • Popular Will (Voluntad Popular) or VP
  • Progressive Advance (Avanzada Progresista) or AP
  • The Radical Cause or La Causa R
  • United Socialist Party of Venezuela or PSUV
  • Venezuela First (Primero Venezuela) or PV
  • Venezuelan Progressive Movement or MPV
  • Venezuela Project or PV

Diplomatic representation in the US

none note : the embassy, which had been run by the Venezuelan political opposition, announced on 5 January 2023, that it had ended all embassy functions

Diplomatic representation from the US

chief of mission:
  • Ambassador (vacant);
  • Chargé d’Affaires John McNAMARA (since 1 February 2025);
  • note - serves as the chief of mission of the Venezuela Affairs Unit, located in the US Embassy, Bogota
embassy:
Venezuela Affairs Unit, US Embassy, Carrera 45 N. 24B-27, Bogota, Colombia
mailing address:
3140 Caracas Place, Washington DC 20521-3140
telephone:
1-888-407-4747
email address and website:
[email protected]; https://ve.usembassy.gov/

International organization participation

ACS, 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, UNHRC, UNIDO, Union Latina, UNOOSA, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Independence

5 July 1811 (from Spain)

National holiday

Independence Day, 5 July (1811)

Flag

description:
three equal horizontal bands of yellow (top), blue, and red, with the coat of arms on the left side of the yellow band and an arc of eight five-pointed white stars centered on the blue band
meaning:
yellow stands for the riches of the land, blue for the courage of its people, and red for the blood shed in attaining independence
history:
  • the flag retains the three equal horizontal bands and three main colors from the flag of Gran Colombia, the South American republic that broke up in 1830;
  • in 2006, President Hugo CHAVEZ added the eighth star -- the original seven stars represented the country's provinces that united in the war of independence -- to match Simon Bolivar's flag from 1827 and to represent the historic province of Guayana

National symbol(s)

troupial (bird)

National color(s)

yellow, blue, red

National anthem(s)

title:
"Gloria al bravo pueblo" (Glory to the Brave People)
lyrics/music:
Vicente SALIAS/Juan Jose LANDAETA
history:
  • adopted 1881;
  • lyrics were written in 1810;
  • both SALIAS and LANDAETA were executed in 1814 during Venezuela's fight for independence

National heritage

total World Heritage Sites:
3 (2 cultural, 1 natural)
selected World Heritage Site locales:
  • Coro and its Port (c);
  • Canaima National Park (n);
  • Ciudad Universitaria de Caracas (c)

Economy

24 fields
GDP, purchasing power parity
$110.943billion
(2023 est.) · $106.672 billion (2022 est.) · $98.768 billion (2021 est.)note: data in 2015 dollarsofficial exchange rate: $139.395 billion (2023 est.)note: data in current dollars at official exchange rate
GDP per capita, PPP
$4,900
(2023 est.) · $4,600 (2022 est.) · $4,000 (2021 est.)note: data in 2015 dollars
Real growth rate
-19.67%
(2018 est.) · -14% (2017 est.) · -15.76% (2017 est.)note: annual GDP % growth based on constant local currency
Inflation, consumer prices
200.9%
(2022 est.) · 1,588.5% (2021 est.) · 2,355.1% (2020 est.)note: annual % change based on consumer prices

Trading partnersexports left, imports right

50%
USA
24%
10%
China
35%
6%
Brazil
12%
9%
Spain
Colombia
7%
5%
Turkey
4%
Exports $83.401 billion (2018 est.)Imports $18.432 billion (2018 est.)(2023) note: top five export partners based on percentage share of exports · (2023) note: top five import partners based on percentage share of imports

Budget(2017 est.)

Revenues
$30 millionExpenditures
$76 million

Economic overview

  • South American economy;
  • ongoing hyperinflation since mid-2010s;
  • chaotic economy due to political corruption, infrastructure cuts, and human rights abuses;
  • in debt default;
  • oil exporter;
  • hydropower consumer;
  • rising Chinese relations

Agricultural products

milk, sugarcane, maize, rice, plantains, oil palm fruit, bananas, chicken, pineapples, potatoes (2023) note: top ten agricultural products based on tonnage

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

Labor force

11.136 million (2024 est.) note: number of people ages 15 or older who are employed or seeking work

Unemployment rate

5.5% (2024 est.) · 5.5% (2023 est.) · 5.8% (2022 est.) note: % of labor force seeking employment

Youth unemployment rate (ages 15-24)

total:
10.6% (2024 est.)
male:
9.3% (2024 est.)
female:
13.2% (2024 est.)

note: % of labor force ages 15-24 seeking employment

Population below poverty line

33.1% (2015 est.) note: % of population with income below national poverty line

Average household expenditures

on food:
52% of household expenditures (2023 est.)
on alcohol and tobacco:
2.8% of household expenditures (2023 est.)

Public debt

38.9% of GDP (2017 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 intragovernmental debt; intragovernmental 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

Current account balance

-$3.87 billion (2016 est.) · -$3.87 billion (2016 est.) · -$16.051 billion (2015 est.) note: balance of payments - net trade and primary/secondary income in current dollars

Exports

$83.401 billion (2018 est.) · $93.485 billion (2017 est.) · $28.684 billion (2016 est.) note: balance of payments - exports of goods and services in current dollars

Exports - commodities

crude petroleum, petroleum coke, scrap iron, alcohols, fertilizers (2023) note: top five export commodities based on value in dollars

Imports

$18.432 billion (2018 est.) · $18.376 billion (2017 est.) · $25.81 billion (2016 est.) note: balance of payments - imports of goods and services in current dollars

Imports - commodities

refined petroleum, soybean meal, corn, plastic products, vehicle parts/accessories (2023) note: top five import commodities based on value in dollars

Reserves of foreign exchange and gold

$9.794 billion (2017 est.) · $10.15 billion (2016 est.) · $15.625 billion (2015 est.) note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Exchange rates

bolivars (VEB) per US dollar - 9.975 (2017 est.) · 9.257 (2016 est.) · 6.284 (2015 est.) · 6.284 (2014 est.) · 6.048 (2013 est.)

Energy

7 fields

Electrification% of population · (2022 est.)

100%Total

Installed generating capacity, 33.493 million kW(2023 est.)

fossil fuels 21.6% of total installed capacity (2023 est.)hydroelectricity 78.3% of total installed capacity (2023 est.)
Electricity consumption
56.493 billion (2023 est.)Electricity exports
600 million (2023 est.)Electricity transmission/distribution losses
25.849 billion (2023 est.)

Coal

production:
149,000 metric tons (2023 est.)
consumption:
80,000 metric tons (2023 est.)
exports:
124,000 metric tons (2023 est.)
imports:
2,000 metric tons (2023 est.)
proven reserves:
730.999 million metric tons (2023 est.)

Petroleum

total petroleum production:
801,000 bbl/day (2023 est.)
refined petroleum consumption:
203,000 bbl/day (2023 est.)
crude oil estimated reserves:
303.806 billion barrels (2021 est.)

Natural gas

production:
23.873 billion cubic meters (2023 est.)
consumption:
23.873 billion cubic meters (2023 est.)
proven reserves:
5.674 trillion cubic meters (2021 est.)

Energy consumption per capita

54.474 million Btu/person (2023 est.)

Communications

6 fields

Per 100 inhabitants(2017–24 est.)

71Mobile cellular
62%Internet users, % of population
10Fixed lines
10Fixed broadband
Mobile cellular
20.2 million
(2024 est.)
Fixed lines
2.683 million
(2022 est.)
Fixed broadband
2.7 million
(2022 est.) · country code .ve

Broadcast media

  • mix of state-run and private broadcast media subject to high levels of control;
  • 13 public service networks, 61 privately owned TV networks, 1 privately owned news channel with limited national coverage, and a Maduro-backed Pan-American channel;
  • 3 Maduro-aligned radio networks control about 65 news stations and another 30 stations targeted at specific audiences;
  • Maduro-sponsored community broadcasters include 235 radio stations and 44 TV stations;
  • the number of private broadcast radio stations declining, but many remain (2021)

Transportation

6 fields

Merchant marine, 272 ships by type(2023)

bulk carrier 3container ship 1general cargo 26oil tanker 17other 225

Airports

509 (2025)

Heliports

88 (2025)

Railways

total:
447 km (2014)
standard gauge:
447 km (2014) 1.435-m gauge (41.4 km electrified)

Ports

total ports:
31 (2024)
large:
1
medium:
2
small:
11
very small:
17
ports with oil terminals:
21
key ports:
Amuay (Bahia de Amuay), Bahia de Pertigalete, Ciudad Bolivar, Guanta, La Guaira, La Salina, Las Piedras, Maracaibo, Puerto Cabello, Puerto de Hierro, Puerto la Cruz, Puerto Miranda, Puerto Ordaz, Punta Cardon

Military and Security

6 fields
Military expenditures
0.6%of GDP
(2024 est.) · 0.5% of GDP (2023 est.) · 0.6% of GDP (2022 est.) · 0.3% of GDP (2021 est.) · 1.6% of GDP (2020 est.)

Military and security forces

Bolivarian National Armed Forces (Fuerza Armada Nacional Bolivariana, FANB): Bolivarian Army (Ejercito Bolivariano, EB), Bolivarian Navy (Armada Bolivariana, AB; includes marines, Coast Guard), Bolivarian Military Aviation (Aviacion Militar Bolivariana, AMB), Bolivarian Militia (Milicia Bolivariana), Bolivarian National Guard (Guardia Nacional Bolivaria, GNB), Presidential Honor Guard

Ministry of Interior, Justice, and Peace:
Bolivarian National Police (Policía Nacional Bolivariana, PNB) (2025)

note 1: the Bolivarian Militia and the Presidential Honor Guard are considered special/secondary components of the FANB; the Militia is composed of the Military Reserve and the Territorial Militia and is comprised of armed civilians who receive periodic training in exchange for a small stipend

note 2: the National Guard was made part of the FANB in 2007 and is responsible for maintaining public order, guarding the exterior of key government installations and prisons, conducting counter-narcotics operations, monitoring borders, and providing law enforcement in remote areas; it reports to both the Ministry of Defense and the Ministry of Interior, Justice, and Peace

note 3: the PNB is a federal force created by Hugo CHAVEZ in 2008 as a “preventative police force,” separate from state and local ones; the PNB largely focuses on policing Caracas’ Libertador municipality, patrolling Caracas-area highways, railways, and metro system, and protecting diplomatic missions;

the PNB includes the Special Action Forces (Fuerzas de Acciones Especiales, FAES), a paramilitary unit created by President MADURO to bolster internal security after the 2017 anti-government protests

note 4: there are also pro-government armed groups known as colectivos operating in Caracas and other cities

Military and security service personnel strengths

  • information varies;
  • approximately 125-150,000 active Armed Forces;
  • estimated 200,000 Bolivarian Militia (2025)

Military equipment inventories and acquisitions

the FANB inventory is a mix of mostly older and some more modern armaments from a variety of foreign suppliers, including China, France, Germany, Iran, Italy, Russia/former Soviet Union, Spain, the UK, and the US (2025)

Military service age and obligation

  • 18-30 (25 for women) for voluntary service;
  • the minimum service obligation is 24-30 months;
  • 17-39 for Militia service;
  • all citizens of military service age (18-50) are obligated to register for military service and subject to military training (2025)

Military - note

the armed forces (FANB) are responsible for ensuring Venezuela’s independence, sovereignty, and territorial integrity; they also have a domestic role, including assisting with maintaining internal security, conducting counter-narcotics missions, contributing to national socio-economic development, and providing disaster relief/humanitarian assistance;

the military has been deployed against illegal armed groups operating in the Colombian border region and other areas to combat organized crime gangs involved in narcotics trafficking and illegal mining; it has ties with the militaries of China, Cuba, Iran, and Russia

the FANB has a role in the country’s economy and political sectors; military officers hold key positions in state-owned companies, government ministries, and funding agencies; the FANB runs corporation involved in agriculture, banking, communications, energy, insurance, mining, and transportation (2025)

Space

3 fields

Space agency/agencies

Bolivarian Agency for Space Activities (Agencia Bolivariana para Actividades Espaciales, ABAE; formed 2007) (2025) note: the ABAE is under the Ministry of Science, Technology, and Innovation; it was originally known as the Venezuelan Space Center (CEV; created 2005)

Space program overview

  • has a small national program primarily focused on acquiring satellites and expanding the country’s science and technological capabilities;
  • operates satellites and maintains two satellite ground control stations;
  • participates in multinational space organizations such as the Latin American and Caribbean Space Agency;
  • closest bilateral partners are China and Russia;
  • also has bilateral framework agreements for space cooperation with Argentina, Bolivia, Brazil, and Uruguay (2025)

Key space-program milestones

2005 - signed space cooperation partnership with China

2008- first communications satellite (Venesat-1 or Bolivar) financed, built, and launched by China

2012 - first remote sensing (RS) satellite (VRSS-1 or Miranda) built and launched by China

2017 - second RS satellite (VRSS-2 or Sucre) built and launched by China

2021 - signed agreement to establish the Latin American and Caribbean Space Agency (formally established in 2022)

2023 - joined China-Russia project to construct a permanent base on the Moon by the 2030s

2025 - announced intent to participate in planned Mars sample-return mission (Tianwen-3) led by China

Terrorism

1 field

Terrorist group(s)

  • National Liberation Army (ELN);
  • Revolutionary Armed Forces of Colombia-People's Army (FARC-EP);
  • Segundo Marquetalia (SM);
  • Tren de Aragua (TdA)

note: details about the history, aims, leadership, organization, areas of operation, tactics, targets, weapons, size, and sources of support of the group(s) appear(s) in the Terrorism reference guide

Transnational Issues

3 fields

Refugees and internally displaced persons

refugees:
20,911 (2024 est.)
IDPs:
2,338 (2024 est.)

Trafficking in persons

tier rating:
  • Tier 3 — Venezuela does not fully meet the minimum standards for the elimination of trafficking and is not making any efforts to do so, therefore, Venezuela remained on Tier 3;
  • for more details, go to: https://www.state.gov/reports/2025-trafficking-in-persons-report/venezuela/

Illicit drugs

USG identification: major illicit drug-producing and/or drug-transit country; major precursor-chemical producer (2025)

Cite this entry

Central Intelligence Agency. “Venezuela.” The World Factbook 2025. Archived by The Factbook, thefactbook.org/venezuela.