Venezuela

Bolivarian Republic of VenezuelaRepublica Bolivariana de Venezuela

federal republicIndependence 5 July 1811 (from Spain)

Venezuela as the 2015 edition of the CIA World Factbook published it: 169 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-4.5
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
29.28 million July 2015 est. · 19.7m in 1990
Population growth% a year
1.39% 2015 est. · 2.22% in 1993
Median ageyears
27.2 years 2015 est. · 24.8 yrs in 2003
Life expectancyyears at birth
74.54 years 2015 est. · 72.69 yrs in 1993
Fertility ratechildren per woman
2.32 children per woman 2015 est. · 3.4 in 1990
Infant mortalitydeaths per 1,000 live births
18.91 deaths per 1,000 live births 2015 est. · 27 in 1990
GDP per capitaeach edition's own dollars
$17,700 2014 est. · $2,800 in 1993
GDP real growth% a year
-4% 2014 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, 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, threats to freedom of expression have increased, 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: an increasingly politicized military, rampant violent crime, high inflation, and widespread shortages of basic consumer goods, medicine, and medical supplies. Venezuela assumed a nonpermanent seat on the UN Security Council for the 2015-16 term.

Geography

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

20 fields
Area
912,050sq km
land: 882,050 sq kmwater: 30,000 sq kmcountry comparison to the world: 33almost 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
5,007m
Pico Bolivarlowest point: Caribbean Sea 0 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

Land use

agricultural land:
24.5%;
  • arable land 3.1%;
  • permanent crops 0.8%;
  • permanent pasture 20.6%
forest:
52.1%
other:
23.4% (2011 est.)

Irrigated land

10,550 sq km (2008)

Freshwater withdrawal (domestic/industrial/agricultural)

total:
9.06 cu km/yr (23%/4%/74%)
per capita:
358.6 cu m/yr (2008)

Natural hazards

subject to floods, rockslides, mudslides; periodic droughts

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

Environment - 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; signed but not ratified:: none of the selected agreements

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

People and Society

34 fields

Age structuremale left, female right · (2015 est.)

791,095
65 and over6.14%
1,007,475
1,067,661
55-647.68%
1,180,276
5,711,044
25-5439.7%
5,911,607
2,754,818
15-2418.71%
2,724,039
4,143,988
0-1427.76%
3,983,457
MaleFemaleDependency ratios: total dependency ratio: 52.4% · youth dependency ratio: 42.8% · elderly dependency ratio: 9.5% · potential support ratio: 10.5% (2015 est.)
Population
29,275,460
(July 2015 est.)country comparison to the world: 46growth rate: 1.39% (2015 est.)country comparison to the world: 85

Per 1,000 population(2015 est.)

Birth
19.16Death
5.31Net migration
0

Male · female

TotalMale · femaleLife expectancy years (2015 est.)74.54
71.4 · 77.83Infant mortality deaths/1,000 live births (2015 est.)18.91
22.29 · 15.37Literacy (2015 est.)96.3%
96.4% · 96.2%
TotalMale · femaleMedian age years (2015 est.)27.2
26.4 · 27.9School life expectancy years (2008)14
13 · 15Youth unemployment ages 15-24 (2012 est.)17.1%
14.3% · 22.6%
MaleFemaleLife expectancy country comparison to the world: 116 · Infant mortality country comparison to the world: 92 · Literacy definition: age 15 and over can read and write · Youth unemployment ages 15-24 country comparison to the world: 70

Religions

nominally Roman Catholic 96%Protestant 2%other 2%
Urban population
89%of total population
(2015)rate of urbanization: 1.54% annual rate of change (2010-15 est.)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)
Improved drinking water
93.1%of population
urban: 95% of populationrural: 77.9% of populationurban: 5% of populationrural: 22.1% of populationtotal: 6.9% of population (2015 est.)
Improved sanitation
94.4%of population
urban: 97.5% of populationrural: 69.9% of populationurban: 2.5% of populationrural: 30.1% of populationtotal: 5.6% of population (2015 est.)
Obesity - adult prevalence rate
24.3%
(2014)country comparison to the world: 26

Nationality

noun:
Venezuelan(s)
adjective:
Venezuelan

Ethnic groups

Spanish, Italian, Portuguese, Arab, German, African, indigenous people

Languages

Spanish (official), numerous indigenous dialects

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 2002-2003 oil strike.

Additionally, thousands of Venezuelans of European descent have taken up residence in their ancestral homelands. Nevertheless, Venezuela continues to attract 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 more than 200,000 Colombian refugees.

Sex ratio

at birth:
1.05 male(s)/female
0-14 years:
1.04 male(s)/female
15-24 years:
1.01 male(s)/female
25-54 years:
0.97 male(s)/female
55-64 years:
0.91 male(s)/female
65 years and over:
0.79 male(s)/female
total population:
0.98 male(s)/female (2015 est.)

Total fertility rate

2.32 children born/woman (2015 est.) country comparison to the world: 91

Health expenditures

3.6% of GDP (2013) country comparison to the world: 151

Hospital bed density

0.9 beds/1,000 population (2011)

HIV/AIDS - adult prevalence rate

0.55% (2014 est.) country comparison to the world: 61

HIV/AIDS - people living with HIV/AIDS

106,900 (2014 est.) country comparison to the world: 43

HIV/AIDS - deaths

4,400 (2013 est.) country comparison to the world: 33

Major infectious diseases

degree of risk:
high
food or waterborne diseases:
bacterial diarrhea and hepatitis A
vectorborne diseases:
dengue fever and malaria (2013)

Children under the age of 5 years underweight

2.9% (2009) country comparison to the world: 115

Education expenditures

6.9% of GDP (2009) country comparison to the world: 22

Child labor - children ages 5-14

total number:
404,092
percentage:
8% (2000 est.)

Government

Federal republic; President Nicolas MADURO Moros (since 19 April 2013); President Nicolas MADURO Moros (since 19 April 2013)

21 fields

Presidential electionpercent of vote

50.6%
Nicolas MADURO Moros (PSUV) 50.6%Henrique CAPRILES Radonski (PJ) 49.1%other 0.3%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)

Legislature, 165 seats, elected 26 September 2010one dot, one seat

pro-government 99opposition 65other 1

Percent of vote

pro-government 48.9%opposition coalition 47.9%other 3.2%

Country name

conventional long form:
Bolivarian Republic of Venezuela
conventional short form:
Venezuela
local long form:
Republica Bolivariana de Venezuela
local short form:
Venezuela

Government type

federal republic

Capital

name:
Caracas
geographic coordinates:
10 29 N, 66 52 W
time difference:
UTC-4.5 (a half hour ahead of Washington, DC, during Standard Time)

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

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 (2013)

International law organization participation

has not submitted an ICJ jurisdiction declaration; accepts ICCT jurisdiction

Suffrage

18 years of age; universal

Executive branch

chief of state:
  • President Nicolas MADURO Moros (since 19 April 2013);
  • Executive Vice President Jorge Alberto ARREAZA Montserrat (since 19 April 2013);
  • note - the president is both chief of state and head of government
head of government:
President Nicolas MADURO Moros (since 19 April 2013); Executive Vice President Jorge Alberto ARREAZA Montserrat (since 19 April 2013)
cabinet:
Council of Ministers appointed by the president
elections/appointments:
  • president directly elected by simple majority popular vote for a 6-year term (no term limits);
  • 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 (PSUV) 50.6%, Henrique CAPRILES Radonski (PJ) 49.1%, other 0.3%

Legislative branch

description:
unicameral National Assembly or Asamblea Nacional (as of 23 April 2015, 165 seats; 110 members directly elected in single- and multi-seat constituencies by simple majority vote, 52 directly elected in multi-seat constituencies by proportional representation vote, and 3 seats reserved for indigenous peoples of Venezuela; members serve 5-year terms)
elections:
last held on 26 September 2010 (next expected to be held on 6 December 2015)
election results:
percent of vote by party - pro-government 48.9%, opposition coalition 47.9%, other 3.2%; seats by party - pro-government 99, opposition 65, other 1

Judicial branch

highest court(s):
Supreme Tribunal of Justice (consists of 32 judges organized into 6 divisions - constitutional, political administrative, electoral, civil appeals, criminal appeals, and social (mainly agrarian and labor issues)
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 non-renewable 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 and leaders

  • A New Time or UNT [Enrique MARQUEZ]
  • Brave People's Alliance or ABP [Richard BLANCO]
  • Christian Democrats or COPEI [Roberto ENRIQUEZ]
  • Coalition of opposition parties -- The Democratic Unity Table or MUD [Jesus "Chuo" TORREALBA]
  • Communist Party of Venezuela or PCV [Oscar FIGUERA]
  • Democratic Action or AD [Henry RAMOS ALLUP]
  • Fatherland for All or PPT [Rafael UZCATEGUI]
  • For Social Democracy or PODEMOS [Didalco Antonio BOLIVAR GRATEROL]
  • 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]

Political pressure groups and leaders

Bolivarian and Socialist Workers' Union (a ruling-party-oriented organized labor union); Confederacion Venezolana de Industriales or Coindustria (a conservative business group); Consejos Comunales (pro-government local communal councils); Federation of Chambers and Associations of Commerce and Production of Venezuela or FEDECAMARAS (a conservative business group); Union of Oil Workers of Venezuela or FUTPV; Venezuelan Confederation of Workers or CTV (opposition-oriented labor organization); other: various civil society groups and human rights organizations

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), Mercosur, MIGA, NAM, OAS, OPANAL, OPCW, OPEC, PCA, Petrocaribe, UN, UN Security Council (temporary), 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 (vacant); Charge d'Affaires Maximilien SANCHEZ Arvelaiz (since July 2014)
chancery:
1099 30th Street NW, Washington, DC 20007
telephone:
[1] (202) 342-2214
FAX:
[1] (202) 342-6820
consulate(s) general:
Boston, Chicago, Houston, New Orleans, New York, San Francisco, San Juan (Puerto Rico)

Diplomatic representation from the US

chief of mission:
Ambassador (vacant); Charge d'Affaires Lee MCCLENNY (July 2014)
embassy:
Calle F con Calle Suapure, Urbanizacion Colinas de Valle Arriba, Caracas 1080
mailing address:
P. O. Box 62291, Caracas 1060-A; APO AA 34037
telephone:
[58] (212) 975-6411, 907-8400 (after hours)
FAX:
[58] (212) 907-8199

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 symbol(s)

troupial (bird); national colors: yellow, blue, red

National anthem

name:
"Gloria al bravo pueblo" (Glory to the Brave People)
lyrics/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

Economy

41 fields
GDP, purchasing power parity
$538.9billion
(2014 est.) · $561.4 billion (2013 est.) · $553.9 billion (2012 est.)note: data are in 2014 US dollarscountry comparison to the world: 35official exchange rate: $205.8 billion (2014 est.)
GDP per capita, PPP
$17,700
(2014 est.) · $18,400 (2013 est.) · $18,200 (2012 est.)note: data are in 2014 US dollarscountry comparison to the world: 88
Real growth rate
-4%
(2014 est.) · 1.3% (2013 est.) · 5.6% (2012 est.)country comparison to the world: 213industrial production growth: -1% (2014 est.)country comparison to the world: 175
Inflation, consumer prices
62.2%
(2014 est.) · 40.6% (2013 est.)country comparison to the world: 225

GDP - composition, by sector of origin(2014 est.)

agriculture 3.8%industry 35.4%services 60.8% (2014 est.)

Trading partnersexports left, imports right

34.6%
US
24.2%
15.1%
India
12.9%
China
12.1%
Brazil
9.9%
5.3%
Cuba
4.8%
Singapore
Colombia
4.3%
Argentina
4.1%
Exports $83.2 billion (2014 est.)Imports $50.34 billion (2014 est.)(2014)

By end use% of GDP

Household consumption
65.4%Government consumption
16.3%Fixed capital
13.1%Inventories
5.4%Exports
16.7%Imports
-16.8%
(2014 est.)

Budget

Revenues
$142.6 billionExpenditures
$204 billion (2014 est.)

Economy - overview

Venezuela remains highly dependent on oil revenues, which account for roughly 96% of export earnings, about 40% of government revenues, and 11% of GDP. The country ended 2014 with an estimated 4% contraction in its GDP, 68.4% inflation, widespread shortages of consumer goods, and declining central bank international reserves.

The International Monetary Fund forecasts that the GDP will shrink another 7% in 2015 and inflation may reach 80%. 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.

The Venezuelan government has maintained strict currency controls since 2003. Currently, three official currency exchange mechanisms are in place for the sale of dollars to private sector firms and individuals, with rates based on the government's import priorities. These currency controls present significant obstacles to trade with Venezuela because importers cannot obtain sufficient dollars to purchase goods needed to maintain their operations.

MADURO has used decree powers to enact legislation to deepen the state’s role as the primary buyer and marketer 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. High costs for oil production and state oil company PDVSA’s poor cash flow have slowed investment in the petroleum sector, resulting in a decline in oil production.

Gross national saving

20.8% of GDP (2014 est.) · 22.4% of GDP (2013 est.) · 29.5% of GDP (2012 est.) country comparison to the world: 57

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

Labor force

14.34 million (2014 est.) country comparison to the world: 40

Labor force - by occupation

agriculture:
7.3%
industry:
21.8%
services:
70.9% (4th quarter, 2011 est.)

Unemployment rate

8% (2014 est.) · 7.5% (2013 est.) country comparison to the world: 86

Household income or consumption by percentage share

lowest 10%:
1.7%
highest 10%:
32.7% (2006)

Distribution of family income - Gini index

39 (2011) · 49.5 (1998) country comparison to the world: 67

Taxes and other revenues

68.2% of GDP (2014 est.) country comparison to the world: 3

Budget surplus (+) or deficit (-)

-29.4% of GDP (2014 est.) country comparison to the world: 213

Public debt

51.4% of GDP (2014 est.) · 50.9% of GDP (2013 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 country comparison to the world: 66

Fiscal year

calendar year

Central bank discount rate

29.5% (31 December 2010) · 29.5% (31 December 2009) country comparison to the world: 1

Commercial bank prime lending rate

17.5% (31 December 2014 est.) · 15.9% (31 December 2013 est.) country comparison to the world: 23

Stock of narrow money

$356 billion (31 December 2014 est.) · $192.3 billion (31 December 2013 est.) country comparison to the world: 15

Stock of broad money

$360 billion (31 December 2014 est.) · $196 billion (31 December 2013 est.) country comparison to the world: 28

Stock of domestic credit

$372.7 billion (31 December 2014 est.) · $196.4 billion (31 December 2013 est.) country comparison to the world: 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 2010 est.) country comparison to the world: 60

Current account balance

$8.865 billion (2014 est.) · $11.95 billion (2013 est.) country comparison to the world: 33

Exports

$83.2 billion (2014 est.) · $88.76 billion (2013 est.) country comparison to the world: 46

Exports - commodities

petroleum and petroleum products, bauxite and aluminum, minerals, chemicals, agricultural products

Imports

$50.34 billion (2014 est.) · $51.93 billion (2013 est.) country comparison to the world: 55

Imports - commodities

agricultural products, livestock, raw materials, machinery and equipment, transport equipment, construction materials, medical equipment, petroleum products, pharmaceuticals, chemicals, iron and steel products

Reserves of foreign exchange and gold

$20.2 billion (31 December 2014 est.) · $21.48 billion (31 December 2013 est.) country comparison to the world: 59

Debt - external

$69.66 billion (31 December 2014 est.) · $70.16 billion (31 December 2013 est.) country comparison to the world: 52

Stock of direct foreign investment - at home

$57.14 billion (31 December 2014 est.) · $55.23 billion (31 December 2013 est.) country comparison to the world: 55

Stock of direct foreign investment - abroad

$25.38 billion (31 December 2014 est.) · $24.29 billion (31 December 2013 est.) country comparison to the world: 46

Exchange rates

bolivars (VEB) per US dollar - 6.284 (2014 est.) · 6.0478 (2013 est.) · 4.29 (2012 est.) · 4.289 (2011 est.) · 2.5821 (2010 est.)

Energy

23 fields

Installed generating capacity, 27.5 million kW(2012 est.)

Fossil fuels 35.7% of total installed capacity (2012 est.)Hydroelectric plants 64.3% of total installed capacity (2012 est.)Nuclear fuels 0% · Other renewable sources 0%
Electricity production
127.6 billion (2012 est.)Electricity consumption
94.83 billion (2011 est.)Electricity exports
249 million (2011 est.)Electricity imports
480 million (2011 est.)Refined petroleum imports
16,660 (2011 est.)Refined petroleum consumption
784,000 (2013 est.)Refined petroleum production
1.11 million (2010 est.)Refined petroleum exports
638,000 (2010 est.)

Crude oil - production

2.475 million bbl/day (2013 est.) country comparison to the world: 12

Crude oil - exports

1.645 million bbl/day (2010 est.) country comparison to the world: 8

Crude oil - imports

0 bbl/day (2010 est.) country comparison to the world: 138

Crude oil - proved reserves

297.7 billion bbl (1 January 2014 est.) country comparison to the world: 1

Natural gas - production

28.4 billion cu m (2013 est.) country comparison to the world: 30

Natural gas - consumption

30.5 billion cu m (2013 est.) country comparison to the world: 31

Natural gas - exports

0 cu m (2012 est.) country comparison to the world: 202

Natural gas - imports

1.877 billion cu m (2012 est.) country comparison to the world: 50

Natural gas - proved reserves

5.562 trillion cu m (1 January 2014 est.) country comparison to the world: 8

Carbon dioxide emissions from consumption of energy

184.8 million Mt (2012 est.) country comparison to the world: 33

Communications

8 fields

Per 100 inhabitants(2014 est.)

106Mobile cellular
47.2%Internet users, % of population
27Fixed lines
Mobile cellular
30.5 million
(2014 est.)
Internet users
13.6 million
(2014 est.)
Fixed lines
7.81 million
(2014 est.) · country code .ve

Telephone system

general assessment:
modern and expanding
domestic:
  • 2 domestic satellite systems with 3 earth stations;
  • recent substantial improvement in telephone service in rural areas;
  • substantial increase in digitalization of exchanges and trunk lines;
  • installation of a national interurban fiber-optic network capable of digital multimedia services;
  • combined fixed-line and mobile-cellular telephone subscribership 130 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 (Atlantic Ocean) and 1 PanAmSat;
  • participating with Colombia, Ecuador, Peru, and Bolivia in the construction of an international fiber-optic network (2013)

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)

Radio broadcast stations

AM 46, FM 131, shortwave 3 (2008)

Television broadcast stations

66 (plus 45 repeaters) (1997)

Transportation

11 fields

Airports by runway lengthpaved left, unpaved right

6
over 3,047 m
9
2,438 to 3,047 m
3
33
1,524 to 2,437 m
57
62
914 to 1,523 m
127
17
under 914 m
Paved 127Unpaved 317130 (2013)

Networkskm

Roadways
96,189 (2014)Railways
447Waterways
7,100 (2011)
Railways: standard gauge: 447 km 1.435-m gauge (41.4 km electrified) (2014) · Waterways: (Orinoco River (400 km) and Lake de Maracaibo navigable by oceangoing vessels)

Airports

444 (2013) country comparison to the world: 19

Heliports

3 (2013)

Pipelines

  • extra heavy crude 981 km;
  • gas 5,941 km;
  • oil 7,588 km;
  • refined products 1,778 km (2013)

Railways

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

country comparison to the world: 98

Waterways

7,100 km (Orinoco River (400 km) and Lake de Maracaibo navigable by oceangoing vessels) (2011) country comparison to the world: 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 (Denmark 1, Estonia 1, Germany 1, Greece 4, Mexico 1, Spain 1)
registered in other countries:
14 (Panama 13, Saint Vincent and the Grenadines 1) (2010)

country comparison to the world: 69

Ports and terminals

major seaport(s):
La Guaira, Maracaibo, Puerto Cabello, Punta Cardon
oil terminals:
Jose terminal

Transportation - note

  • the International Maritime Bureau reports the territorial and offshore waters in the Caribbean Sea as a significant risk for piracy and armed robbery against ships;
  • numerous vessels, including commercial shipping and pleasure craft, have been attacked and hijacked both at anchor and while underway;
  • crews have been robbed and stores or cargoes stolen

Military

6 fields
Military expenditures
2.6%of GDP
(2013) · 2.5% of GDP (2012) · 1.8% of GDP (2011)country comparison to the world: 98

Military branches

Bolivarian National Armed Forces (Fuerza Armada Nacional Bolivariana, FANB): Bolivarian Army (Ejercito Bolivariano, EB), Bolivarian Navy (Armada Bolivariana, AB; includes Naval Infantry, Coast Guard, Naval Aviation), Bolivarian Military Aviation (Aviacion Militar Bolivariana, AMB; includes Air National Guard), Bolivarian National Guard (Guardia Nacional Bolivaria, GNB) (2015)

Military service age and obligation

  • 18-30 years of age for compulsory and voluntary military service;
  • 30-month conscript service obligation;
  • Navy requires 6th-grade education for enlisted personnel;
  • all citizens of military service age (18-60 years old) are obligated to register for military service (2012)

Manpower available for military service

males age 16-49:
7,013,854
females age 16-49:
7,165,661 (2010 est.)

Manpower fit for military service

males age 16-49:
5,614,743
females age 16-49:
6,074,834 (2010 est.)

Manpower reaching militarily significant age annually

male:
277,210
female:
273,353 (2010 est.)

Transnational Issues

4 fields

Disputes - 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 United Nations 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 (country of origin):
173,519 (Colombia) (2014)
stateless persons:
11,000 (2014)

Trafficking in persons

current situation:
  • Venezuela is a source, transit, and destination country for men, women, and children subjected to sex trafficking and forced labor;
  • Venezuelan women and girls are trafficked within the country for sexual exploitation, often lured from the nation's interior to urban and tourist areas with false job offers;
  • women from Colombia, Peru, Haiti, China, and South Africa are also reported to have been sexually exploited in Venezuela;
  • some Venezuelan women are transported to Caribbean islands, particularly Aruba, Curacao, and Trinidad and Tobago, where they are subjected to forced prostitution;
  • some Venezuelan children are forced to beg on the streets or to work as domestic servants, while Ecuadorian children, often from indigenous communities, are subjected to forced labor
tier rating:
  • Tier 3 – Venezuela does not fully comply with the minimum standards for the elimination of trafficking and is not making significant efforts to do so;
  • the government did not publically document progress on human trafficking investigations, prosecutions, and convictions or victim identification and assistance in 2013, making it difficult to assess the scope or efficacy of these efforts;
  • victim services appeared to remain inadequate, and the extent of efforts to investigate internal forced labor or to help children in prostitution was unclear;
  • authorities provided limited funding to some NGOs providing victim services;
  • public service announcements and an awareness campaign on human trafficking continued;
  • anti-trafficking legislation drafted in 2010 remained unapproved (2014)

Illicit drugs

  • 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

Cite this entry

Central Intelligence Agency. “Venezuela.” The World Factbook 2015. Archived by The Factbook, thefactbook.org/venezuela/2015.