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Background Venezuela, in 26 editions.

The entry for Venezuela published Background in 26 editions of 36, from 2000 to 2025. The text changed in 18 editions. Each is shown as published. Background in every entry.

editions changed the text
18
the first edition with it
2000
the latest edition with it
2025

Published as “Background” (2000 to 2025).

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2025 edition

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The same text in 2024 and 2025.

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.

Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the 1830, the others being Ecuador and New Granada, which became Colombia). Granada (Colombia). For most of the first half of the 20th century, Venezuela was ruled by military strongmen who ruled Venezuela and promoted the oil industry and allowed for while allowing some social reforms. Although democratically Democratically elected governments largely held sway since 1959, the executive branch under until 1999, but Hugo CHAVEZ, who was president from 1999 to 2013, exercised increasingly authoritarian control over other branches of government. This undemocratic 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 last democratically-elected institution is the 2015 National Assembly. In 2020, legislative elections were held for a new National Assembly, which the opposition boycotted, and which in 2020 were widely condemned also seen as fraudulent. The resulting assembly is viewed by fraudulent, and most opposition parties and many international actors as consider the resulting National Assembly illegitimate. In November 2021, most many opposition parties broke a three-year election boycott to participate 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.
The MADURO regime places has placed strong restrictions on freedoms of expression free speech and the press. Since CHAVEZ, the ruling party's economic policies party has 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, controls, and overdependence over-dependence on the petroleum industry for revenues, among others. 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 over 7 nearly 8 million Venezuelans to migrate, emigrate, mainly settling in nearby countries. Since 2017, the The US has imposed financial and sectoral sanctions on the MADURO regime, and his representatives in 2017 and on sectors of the regime's 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 debilitated also weakened the country's oil energy sector. Caracas has more recently relaxed some economic controls to mitigate the impact of its sustained economic crisis, such as allowing increased currency and liberalizing import flexibility for the private citizens sector and companies. Other 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.

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Central Intelligence Agency. “Venezuela: Background.” The World Factbook, 2000–2025 editions. Archived by The Factbook, thefactbook.org/venezuela/background.

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