About Venezuela
Quick Facts
- Population
- 28,459,085 (July 2013 est.)
- Area
- 912,050 sq km
- ISO Code
- VE
- Continent
- South America
- Government
- federal republic
- Active Causes
- 12
South America
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tropical; hot, humid; more moderate in highlands
Andes Mountains and Maracaibo Lowlands in northwest; central plains (llanos); Guiana Highlands in southeast
petroleum, natural gas, iron ore, gold, bauxite, other minerals, hydropower, diamonds
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...
Spanish (official), numerous indigenous dialects
nominally Roman Catholic 96%, Protestant 2%, other 2%
4.9% of GDP (2010) of GDP
3.6% of GDP (2007) of GDP
Venezuela remains highly dependent on oil revenues, which account for roughly 95% of export earnings, about 45% of federal budget revenues, and around 12% of GDP. Fueled by high oil prices, record government spending helped to boost GDP growth by 4.2% in 2011, after a sharp drop in oil prices caused an economic contraction in 2009-10. Government spending, minimum wage hikes, and improved access to domestic credit created an increase in consumption which combined with supply problems to cause higher inflation - roughly 26% in 2011 and 21% in 2012. President Hugo CHAVEZ's efforts to increase the...
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