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Flag of Venezuela

Venezuela

South America

8.00°, -66.00°

CapitalCaracas
Population31,755,435
Area912,050 km²
GDP per capita$4,900
LanguagesSpanish, indigenous languages, Portuguese, other languages
Currencybolivars
Life Expectancy74.5 yr
Governmentfederal presidential republic
IntroductionGeographyPeople & SocietyEnvironmentGovernmentEconomyEnergyCommunicationsTransportationMilitary & SecurityTerrorismTransnational IssuesSpaceCitiesSearch PeopleAirportsNewspapersRadio StationsGovernment WebsitesTourist Attractions

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  • Introduction
  • Geography
  • People & Society
  • Environment
  • Government
  • Economy
  • Energy
  • Communications
  • Transportation
  • Military & Security
  • Terrorism
  • Transnational Issues
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Introduction

Background

In 1830, Venezuela was one of the three nations that emerged following the disintegration of Gran Colombia, alongside Ecuador and New Granada (now known as Colombia). Throughout much of the early to mid-20th century, the country was dominated by military leaders who advanced the oil sector while enacting certain social reforms. Democratic governance prevailed until 1999, when Hugo CHAVEZ, president from 1999 to 2013, imposed authoritarian rule over other governmental branches. This pattern persisted into 2018, when Nicolas MADURO assumed the presidency for a second term through an election largely boycotted by opposition parties and widely regarded as fraudulent. The 2020 legislative elections were similarly viewed as illegitimate, and many international observers and opposition factions declared the resulting National Assembly to be without legitimacy. In 2021, a number of opposition parties ended a three-year boycott of elections to participate in mayoral and gubernatorial contests, albeit under problematic conditions. Consequently, the opposition significantly increased its representation at the municipal level and secured four of the 23 governorships. These regional elections in 2021 marked the first instance since 2006 where the EU was authorized to dispatch an electoral observation mission to Venezuela.

MADURO has instituted stringent limitations on freedom of expression and the press. Since the presidency of CHAVEZ, the ruling party has enhanced the state's involvement in the economy through the expropriation of major businesses, rigorous currency exchange regulations, price controls, and excessive reliance on oil revenues. Years of economic mismanagement rendered Venezuela ill-equipped to cope with the global decline in oil prices in 2014, triggering an economic downturn that led to diminished government social expenditure, shortages of essential goods, and soaring inflation. Deteriorating living standards have driven nearly 8 million Venezuelans to leave the country, predominantly relocating to neighboring nations. The United States implemented financial sanctions against MADURO and his associates in 2017, followed by additional sanctions targeting various sectors of the Venezuelan economy in 2018. Some limited relief from sanctions occurred when the MADURO administration began to make concessions regarding democratic processes and elections.

The government's mismanagement and failure to invest in infrastructure have further weakened the energy sector of the nation. In response to the ongoing economic crisis, Caracas has eased certain restrictions to lessen the crisis's impact, such as permitting greater import flexibility for the private sector and informal utilization of US dollars and other foreign currencies. Persistent issues include human rights violations, widespread violent crime, political interference in judicial and electoral processes, and corruption.

Geography

Area

land

882,050 sq km

water

30,000 sq km

total

912,050 sq km

Climate

tropical; characterized by hot and humid conditions; more temperate in elevated regions

Terrain

Andes Mountains and Maracaibo Lowlands located in the northwest; central plains known as llanos; Guiana Highlands situated in the southeast

Land use

other

22.1% (2023 est.)

forest

53.5% (2023 est.)

agricultural land

24.4% (2023 est.)

agricultural land: arable land

arable land: 2.9% (2023 est.)

agricultural land: permanent crops

permanent crops: 0.8% (2023 est.)

agricultural land: permanent pasture

permanent pasture: 20.6% (2023 est.)

Location

Located in the northern part of South America, adjacent to the Caribbean Sea and the North Atlantic Ocean, positioned between Colombia and Guyana

Coastline

2,800 km

Elevation

lowest point

Caribbean Sea 0 m

highest point

Pico Bolivar 4,978 m

mean elevation

450 m

Irrigated land

10,550 sq km (2012)

Map references

South America

Land boundaries

total

5,267 km

border countries

Brazil 2,137 km; Colombia 2,341 km; Guyana 789 km

Maritime claims

contiguous zone

15 nm

territorial sea

12 nm

continental shelf

200-m depth or to the depth of exploitation

exclusive economic zone

200 nm

Natural hazards

prone to flooding, rockfalls, and landslides; experiences occasional droughts

Geography - note

note 1: the nation is positioned along significant maritime and aerial routes that connect North and South America

note 2: Venezuela features some of the most distinctive geological formations globally; tepuis are the grand table-top mountains found in the western Guiana Highlands, often isolated and consequently hosting unique endemic flora and fauna; their vertical cliffs contribute to the formation of some of the world's most breathtaking waterfalls, including Angel Falls, which is the tallest waterfall in the world at 979 m (3,212 ft), cascading from Auyan Tepui

Natural resources

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

Area - comparative

nearly six times larger than Georgia; slightly more than double the size of California

Geographic coordinates

8 00 N, 66 00 W

Population distribution

the majority of the population is concentrated in the northern and western highlands along an eastern extension at the northern tip of the Andes, which includes the capital city, Caracas

Major lakes (area sq km)

salt water lake(s)

Lago de Maracaibo - 13,010 sq km

Major watersheds (area sq km)

Atlantic Ocean drainage

Amazon (6,145,186 sq km), Orinoco (953,675 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] following the country name denotes river source; [m] following the country name denotes river mouth

People & Society

Literacy

male

97.2% (2017 est.)

female

97.3% (2017 est.)

total population

97.2% (2017 est.)

Languages

Languages

Spanish (official) 98.2%, indigenous languages 1.3%, Portuguese 0.1%, other languages 0.4% (2023 estimate)

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.)

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

total population

0.99 male(s)/female (2024 est.)

65 years and over

0.84 male(s)/female

Birth rate

16.45 births/1,000 population (2025 est.)

Death rate

6.54 deaths/1,000 population (2025 est.)

Median age

male

30.3 years

total

31.3 years (2025 est.)

female

31.7 years

Population

male

15,808,263

total

31,755,435 (2025 est.)

female

15,947,172

Nationality

noun

Venezuelan(s)

adjective

Venezuelan

Urbanization

urban population

88.4% of total population (2023)

rate of urbanization

1.16% annual rate of change (2020-25 est.)

Age structure

0-14 years

25% (male 3,987,361/female 3,811,307)

15-64 years

65.9% (male 10,264,353/female 10,330,376)

65 years and over

9.1% (2024 est.) (male 1,303,737/female 1,553,172)

Ethnic groups

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

Dependency ratios

total dependency ratio

51.8 (2025 est.)

youth dependency ratio

37.5 (2025 est.)

potential support ratio

7 (2025 est.)

elderly dependency ratio

14.3 (2025 est.)

Physician density

1.66 physicians/1,000 population (2017)

Health expenditure

Health expenditure (as % of GDP)

4% of GDP (2021)

Health expenditure (as % of national budget)

6% of national budget (2022 est.)

Net migration rate

-1.15 migrant(s)/1,000 population (2025 est.)

Hospital bed density

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

Total fertility rate

2.16 children born/woman (2025 est.)

Drinking water source

improved: total

total: 93.3% of population (2022 est.)

unimproved: total

total: 6.7% of population (2022 est.)

Education expenditure

Education expenditure (% GDP)

0% of GDP (2023 est.)

Education expenditure (% national budget)

10.3% national budget (2024 est.)

Infant mortality rate

male

15.4 deaths/1,000 live births

total

13.6 deaths/1,000 live births (2025 est.)

female

12.2 deaths/1,000 live births

Population growth rate

0.88% (2025 est.)

Gross reproduction rate

1.05 (2025 est.)

Population distribution

the majority of the populace is situated in the highlands of the north and west, extending along an eastern ridge at the northern tip of the Andes, which encompasses the capital, Caracas

Life expectancy at birth

male

71.5 years

female

77.7 years

total population

74.5 years (2024 est.)

Maternal mortality ratio

227 deaths/100,000 live births (2023 est.)

Sanitation facility access

improved: total

total: 98.4% of population (2022 est.)

unimproved: total

total: 1.6% of population (2022 est.)

Alcohol consumption per capita

beer

1.54 liters of pure alcohol (2019 est.)

wine

0.01 liters of pure alcohol (2019 est.)

total

2.51 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.)

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)

Obesity - adult prevalence rate

25.6% (2016)

Environment

Climate

tropical; characterized by heat and humidity; more temperate in mountainous regions

Land use

other

22.1% (2023 est.)

forest

53.5% (2023 est.)

agricultural land

24.4% (2023 est.)

agricultural land: arable land

arable land: 2.9% (2023 est.)

agricultural land: permanent crops

permanent crops: 0.8% (2023 est.)

agricultural land: permanent pasture

permanent pasture: 20.6% (2023 est.)

Urbanization

urban population

88.4% of total population (2023)

rate of urbanization

1.16% annual rate of change (2020-25 est.)

Methane emissions

other

7 kt (2019-2021 est.)

waste

328.3 kt (2019-2021 est.)

energy

3,595.7 kt (2022-2024 est.)

agriculture

1,007.8 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.)

Environmental issues

sewage contamination of Lago de Valencia; oil and municipal pollution in Lago de Maracaibo; deforestation; degradation of soil; urban and industrial pollution, particularly along the Caribbean coastline; risk to the rainforest ecosystem due to mining activities

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.)

Carbon dioxide emissions

total emissions

76.73 million metric tonnes of CO2 (2023 est.)

from consumed natural gas

48.623 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.)

Particulate matter emissions

16.1 micrograms per cubic meter (2019 est.)

Total renewable water resources

1.325 trillion cubic meters (2022 est.)

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

Government

Flag

description: composed of three equal horizontal stripes of yellow (top), blue, and red, featuring the coat of arms on the left side of the yellow stripe and an arc of eight five-pointed white stars positioned centrally on the blue stripe

meaning: yellow symbolizes the wealth of the land, blue represents the bravery of its citizens, and red stands for the blood lost in the struggle for independence

history: the flag preserves the three equal horizontal bands and primary colors from the Gran Colombia flag, which was a South American republic that dissolved in 1830; in 2006, President Hugo CHAVEZ introduced the eighth star -- the original seven stars denoted the provinces that came together during the war of independence -- aligning it with Simon Bolivar's flag from 1827 and symbolizing the historical province of Guayana

Capital

name

Caracas

etymology

named after the Caracas tribe that initially inhabited the region; the etymology of their name remains uncertain

time difference

UTC-4 (one hour ahead of Washington, DC, during Standard Time)

geographic coordinates

10 29 N, 66 52 W

Suffrage

18 years of age; universal

Citizenship

citizenship by birth

yes

citizenship by descent only

yes

dual citizenship recognized

yes

residency requirement for naturalization

10 years; reduced to five years for applicants from Spain, Portugal, Italy, or any nation in Latin America or the Caribbean

Constitution

history

numerous previous; most recent adopted on 15 December 1999, effective from 30 December 1999

amendment process

proposed through consensus by at least 39% of the National Assembly members, by the president of the republic in conjunction with the cabinet of ministers, or by a petition from at least 15% of registered voters; approval requires a simple majority vote in the Assembly and a simple majority in a referendum

Country name

former

State of Venezuela, Republic of Venezuela, United States of Venezuela

etymology

in 1499, the stilt-houses on Lake Maracaibo reminded explorers Alonso de OJEDA and Amerigo VESPUCCI of structures in Venice, Italy, leading them to name the area "Venezuola," which translates to "Little Venice"

local long form

República Bolivariana de Venezuela

local short form

Venezuela

conventional long form

Bolivarian Republic of Venezuela

conventional short form

Venezuela

Independence

5 July 1811 (from Spain)

Legal system

civil law system rooted in the Spanish civil code

Government type

federal presidential republic

Judicial branch

highest court(s)

Supreme Tribunal of Justice (comprising 32 judges arranged into constitutional, political-administrative, electoral, civil appeals, criminal appeals, and social divisions)

subordinate courts

Superior or Appeals Courts (Tribunales Superiores); District Courts (Tribunales de Distrito); First Instance Courts (Tribunales de Primera Instancia); Parish Courts (Tribunales de Parroquia); Justices of the Peace (Justicia de Paz) Network

judge selection and term of office

judges are nominated by the Committee of Judicial Postulation (an independent body of legal organizations and citizen power entities) and appointed by the National Assembly; judges serve nonrenewable terms of 12 years

Executive branch

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

note 2: in January 2026, the United States ousted Nicolas MADURO Moros from his leadership position; Interim President RODRÍGUEZ has been inaugurated and is anticipated to serve during a transitional phase

note 3: the United States did not acknowledge Nicolas MADURO Moros as the president of Venezuela; instead, it recognized Edmundo GONZÁLEZ as having received the highest number of votes in the presidential election held on 28 July 2024, based on substantial evidence, including over 80% of the tally sheets directly received from polling stations indicating GONZÁLEZ won by a decisive margin

cabinet

Council of Ministers appointed by the president

chief of state

Interim President Delcy Eloína RODRÍGUEZ Gómez (since 5 January 2026)

election results


2024:
official results contested; Nicolas MADURO Moros was proclaimed the winner by the MADURO-affiliated National Electoral Council; vote percentages - Nicolas MADURO Moros (PSUV) 52%, Edmundo GONZÁLEZ Urrutia (Independent) 43.2%, Luis Eduardo MARTÍNEZ (AD) 1.2%, others 3.6%

2018: Nicolas MADURO Moros reelected as president; vote percentages - Nicolas MADURO Moros (PSUV) 67.9%, Henri FALCON (AP) 20.9%, Javier BERTUCCI 10.8%

head of government

Interim President Delcy Eloína RODRÍGUEZ Gómez (since 5 January 2026)

most recent election date

28 July 2024

election/appointment process

president directly elected by simple-majority popular vote for a 6-year term (no term limits)

expected date of next election

unknown

National holiday

Independence Day, 5 July (1811)

National color(s)

yellow, blue, red

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)

Political parties

A New Era (Un Nuevo Tiempo) or UNT
Cambiemos Movimiento Ciudadano or CMC
Christian Democrats or COPEI (also referred to 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

Legislative branch

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

term in office

5 years

number of seats

277 (all directly elected)

electoral system

mixed system

legislature name

National Assembly (Asamblea Nacional)

scope of elections

full renewal

legislative structure

unicameral

most recent election date

12/6/2020

expected date of next election

May 2025

percentage of women in chamber

32.1%

National anthem(s)

title

"Gloria al bravo pueblo" (Glory to the Brave People)

history

adopted in 1881; lyrics penned in 1810; both SALIAS and LANDAETA were executed in 1814 during Venezuela's struggle for independence

lyrics/music

Vicente SALIAS/Juan Jose LANDAETA

National symbol(s)

troupial (bird)

Administrative divisions

note: the federal dependency is comprised of 11 island groups under federal control, totaling 72 individual islands

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

Diplomatic representation in the US

none

note: the embassy, previously managed by the Venezuelan political opposition, announced on 5 January 2023, that it had ceased all embassy operations

Diplomatic representation from the US

embassy

Venezuela Affairs Unit, US Embassy, Carrera 45 N. 24B-27, Bogotá, Colombia

telephone

1-888-407-4747
 

mailing address

3140 Caracas Place, Washington DC  20521-3140

chief of mission

Ambassador (position currently vacant); Chargé d’Affaires John McNAMARA (since 1 February 2025); note - serves as the head of the Venezuela Affairs Unit, situated within the US Embassy in Bogotá

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

International law organization participation

has not provided a declaration regarding ICJ jurisdiction; consents to ICCt jurisdiction

Economy

Budget

revenues

$30 million (2017 est.)

expenditures

$76 million (2017 est.)

Exports

note: balance of payments - current dollar exports of goods and services

Exports 2016

$28.684 billion (2016 est.)

Exports 2017

$93.485 billion (2017 est.)

Exports 2018

$83.401 billion (2018 est.)

Imports

note: balance of payments - current dollar imports of goods and services

Imports 2016

$25.81 billion (2016 est.)

Imports 2017

$18.376 billion (2017 est.)

Imports 2018

$18.432 billion (2018 est.)

Industries

products from agriculture, livestock, raw materials, machinery and equipment, transportation equipment, construction supplies, medical instruments, pharmaceuticals, chemical products, iron and steel items, crude oil, and petroleum derivatives

Labor force

note: individuals aged 15 and older who are either employed or actively looking for work

11.136 million (2024 est.)

Public debt

note: information includes central government debt and the liabilities of the state-owned oil firm PDVSA; it accounts for treasury debt owned by foreign parties; the data also encompass some obligations from subnational units and intragovernmental debt; intragovernmental debt arises from treasury borrowings from social fund surpluses, which pertain to retirement, healthcare, and unemployment; certain debt instruments linked to social funds are auctioned publicly

Public debt 2017

38.9% of GDP (2017 est.)

Exchange rates

Currency

bolivars (VEB) per US dollar -

Exchange rates 2013

6.048 (2013 est.)

Exchange rates 2014

6.284 (2014 est.)

Exchange rates 2015

6.284 (2015 est.)

Exchange rates 2016

9.257 (2016 est.)

Exchange rates 2017

9.975 (2017 est.)

Economic overview

economy of South America; persistent hyperinflation since the mid-2010s; a disordered economy stemming from political corruption, cuts in infrastructure, and violations of human rights; currently in debt default; oil exporter; consumer of hydropower; improving relationships with China

Unemployment rate

note: percentage of the workforce that is looking for employment

Unemployment rate 2022

5.8% (2022 est.)

Unemployment rate 2023

5.5% (2023 est.)

Unemployment rate 2024

5.5% (2024 est.)

Exports - partners

note: leading five export partners ranked by share of exports

USA 50%, China 10%, Spain 9%, Brazil 6%, Turkey 5% (2023)

Imports - partners

note: leading five import partners ranked by share of imports

China 35%, USA 24%, Brazil 12%, Colombia 7%, Turkey 4% (2023)

Real GDP per capita

note: values presented in 2015 dollars

Real GDP per capita 2021

$4,000 (2021 est.)

Real GDP per capita 2022

$4,600 (2022 est.)

Real GDP per capita 2023

$4,900 (2023 est.)

Real GDP growth rate

note: annual percentage growth of GDP based on constant local currency

Real GDP growth rate 2017

-15.76% (2017 est.)

Real GDP growth rate 2018

-19.67% (2018 est.)

Agricultural products

note: top ten agricultural products ranked by tonnage

milk, sugarcane, maize, rice, plantains, oil palm fruit, bananas, chicken, pineapples, potatoes (2023)

Exports - commodities

note: top five export commodities ranked by value in dollars

crude oil, petroleum coke, scrap iron, alcohols, fertilizers (2023)

Imports - commodities

note: top five import commodities ranked by value in dollars

refined oil, soybean meal, corn, plastic goods, vehicle parts/accessories (2023)

Current account balance

note: balance of payments - net trade along with primary and secondary income in current dollars

Current account balance 2015

-$16.051 billion (2015 est.)

Current account balance 2016

-$3.87 billion (2016 est.)

GDP (official exchange rate)

note: data expressed in current dollars at the official exchange rate

$139.395 billion (2023 est.)

Population below poverty line

note: percentage of the population living below the national poverty threshold

33.1% (2015 est.)

Average household expenditures

on food

52% of household expenditures (2023 est.)

on alcohol and tobacco

2.8% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note: annual percentage variation based on consumer price changes

Inflation rate (consumer prices) 2020

2,355.1% (2020 est.)

Inflation rate (consumer prices) 2021

1,588.5% (2021 est.)

Inflation rate (consumer prices) 2022

200.9% (2022 est.)

Real GDP (purchasing power parity)

note: values presented in 2015 dollars

Real GDP (purchasing power parity) 2021

$98.768 billion (2021 est.)

Real GDP (purchasing power parity) 2022

$106.672 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$110.943 billion (2023 est.)

Youth unemployment rate (ages 15-24)

male

9.3% (2024 est.)

note: percentage of the workforce aged 15-24 that is seeking employment

total

10.6% (2024 est.)

female

13.2% (2024 est.)

Reserves of foreign exchange and gold

note: reserves of gold (based on year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2015

$15.625 billion (2015 est.)

Reserves of foreign exchange and gold 2016

$10.15 billion (2016 est.)

Reserves of foreign exchange and gold 2017

$9.794 billion (2017 est.)

Energy

Coal

exports

124,000 metric tons (2023 est.)

imports

2,000 metric tons (2023 est.)

production

149,000 metric tons (2023 est.)

consumption

80,000 metric tons (2023 est.)

proven reserves

730.999 million metric tons (2023 est.)

Petroleum

total petroleum production

801,000 bbl/day (2023 est.)

crude oil estimated reserves

303.806 billion barrels (2021 est.)

refined petroleum consumption

203,000 bbl/day (2023 est.)

Electricity

exports

600 million kWh (2023 est.)

consumption

56.493 billion kWh (2023 est.)

installed generating capacity

33.493 million kW (2023 est.)

transmission/distribution losses

25.849 billion kWh (2023 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.)

Electricity access

electrification - total population

100% (2022 est.)

Energy consumption per capita

Total energy consumption per capita 2023

54.474 million Btu/person (2023 est.)

Electricity generation sources

fossil fuels

21.6% of total installed capacity (2023 est.)

hydroelectricity

78.3% of total installed capacity (2023 est.)

Communications

Internet users

percent of population

62% (2017 est.)

Broadcast media

A combination of government-operated and privately-owned broadcasting media operates under significant regulatory oversight; there are 13 public service television networks, 61 privately-owned television channels, 1 privately-owned news channel with restricted national reach, and a Pan-American channel that has the support of Maduro; approximately 65 news radio stations are governed by 3 radio networks aligned with Maduro, along with an additional 30 stations aimed at niche audiences; community broadcasters funded by Maduro consist of 235 radio stations and 44 television channels; although the quantity of private radio broadcasting stations is diminishing, a considerable number still exist  (2021)

Internet country code

.ve

Telephones - fixed lines

total subscriptions

2.683 million (2022 est.)

subscriptions per 100 inhabitants

10 (2022 est.)

Telephones - mobile cellular

total subscriptions

20.2 million (2024 est.)

subscriptions per 100 inhabitants

71 (2024 est.)

Broadband - fixed subscriptions

total

2.7 million (2022 est.)

subscriptions per 100 inhabitants

10 (2022 est.)

Transportation

Ports

large

1

small

11

medium

2

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

very small

17

total ports

31 (2024)

ports with oil terminals

21

Airports

509 (2025)

Railways

total

447 km (2014)

standard gauge

447 km (2014) 1.435-m gauge (41.4 km electrified)

Heliports

88 (2025)

Merchant marine

total

272 (2023)

by type

3 bulk carriers, 1 container ship, 26 general cargo vessels, 17 oil tankers, 225 others

Civil aircraft registration country code prefix

YV

Military & Security

Military - note

The Venezuelan Armed Forces (FANB) are tasked with safeguarding the nation's independence, sovereignty, and territorial integrity. They also play a significant role domestically, which includes aiding in the maintenance of internal security, engaging in counter-narcotics operations, supporting national socio-economic development, and facilitating disaster relief and humanitarian aid. The military has been deployed to counter illegal armed groups in the Colombian border region and other areas to address organized crime syndicates involved in drug trafficking and illicit mining. Furthermore, it has established connections with the armed forces of China, Cuba, Iran, and Russia.

In addition to their military duties, the FANB is influential within the country's economic and political arenas; military personnel occupy critical roles in state-owned enterprises, government ministries, and financial institutions. The FANB oversees corporations that operate in various sectors, including agriculture, banking, communications, energy, insurance, mining, and transportation (2025).

Military expenditures

Military Expenditures 2020

1.6% of GDP (2020 est.)

Military Expenditures 2021

0.3% of GDP (2021 est.)

Military Expenditures 2022

0.6% of GDP (2022 est.)

Military Expenditures 2023

0.5% of GDP (2023 est.)

Military Expenditures 2024

0.6% of GDP (2024 est.)

Military and security forces

note 1: The Bolivarian Militia and the Presidential Honor Guard are recognized as special or secondary elements of the FANB; The Militia consists of the Military Reserve and the Territorial Militia, which includes armed civilians who undergo regular training in exchange for a nominal stipend.

note 2: The National Guard was incorporated into the FANB in 2007 and is tasked with preserving public order, securing key government facilities and prisons, conducting counter-narcotics efforts, monitoring borders, and providing law enforcement in isolated regions. It is accountable to both the Ministry of Defense and the Ministry of Interior, Justice, and Peace.

note 3: The National Bolivarian Police (PNB) was established by Hugo Chávez in 2008 as a “preventative police force,” distinct from state and local law enforcement. The PNB primarily concentrates on policing the Libertador municipality of Caracas, patrolling highways, railways, and the metro system in the Caracas area, as well as safeguarding diplomatic missions. The PNB encompasses the Special Action Forces (Fuerzas de Acciones Especiales, FAES), a paramilitary unit formed by President Maduro to enhance internal security following the anti-government protests of 2017.

note 4: Pro-government armed groups known as colectivos also operate in Caracas and other urban areas.

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)

Military service age and obligation

Individuals aged 18-30 (25 for women) are eligible for voluntary service; the minimum term of service is 24 to 30 months. For Militia service, the age range is 17-39. All citizens within the military service age bracket (18-50) are required to register for military service and undergo military training (2025).

Military equipment inventories and acquisitions

The inventory of the FANB comprises a combination of predominantly older and some contemporary weapons sourced from various foreign suppliers, including China, France, Germany, Iran, Italy, Russia/former Soviet Union, Spain, the United Kingdom, and the United States (2025).

Military and security service personnel strengths

Estimates vary; there are approximately 125,000 to 150,000 active personnel in the Armed Forces, with an estimated 200,000 members of the Bolivarian Militia (2025).

Terrorism

Terrorist group(s)

note: information regarding the background, objectives, leadership, structure, operational regions, strategies, targets, armaments, scale, and sources of backing for the group(s) can be found in the Terrorism reference guide

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

Transnational Issues

Illicit drugs

USG identification


major illicit drug-producing and/or drug-transit country

major precursor-chemical producer (2025)

Trafficking in persons

tier rating

Tier 3 — Venezuela has not adequately achieved the minimum criteria for the eradication of trafficking and is making no advancements towards this goal, thus, Venezuela continues to be classified as Tier 3; for further information, visit: https://www.state.gov/reports/2025-trafficking-in-persons-report/venezuela/

Refugees and internally displaced persons

IDPs

2,338 (2024 est.)

refugees

20,911 (2024 est.)

Space

Space agency/agencies

note: the ABAE operates under the Ministry of Science, Technology, and Innovation; it was formerly referred to as the Venezuelan Space Center (CEV; established in 2005)

Bolivarian Agency for Space Activities (Agencia Bolivariana para Actividades Espaciales, ABAE; established in 2007) (2025)

Space program overview

maintains a modest national program that mainly aims at acquiring satellites and enhancing the nation’s scientific and technological capabilities; manages satellites and operates two satellite ground control facilities; engages in multinational space organizations such as the Latin American and Caribbean Space Agency; its closest bilateral partners include China and Russia; additionally, it has bilateral framework agreements for space collaboration with Argentina, Bolivia, Brazil, and Uruguay (2025)

Key space-program milestones

2005 - initiated a space cooperation agreement with China

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

2012 - saw the launch of its first remote sensing (RS) satellite (VRSS-1 or Miranda) developed and launched by China

2017 - witnessed the launch of the second RS satellite (VRSS-2 or Sucre) also built and launched by China

2021 - entered into an agreement to establish the Latin American and Caribbean Space Agency (officially established in 2022)

2023 - became a participant in the China-Russia initiative to build a permanent lunar base by the 2030s

2025 - expressed intention to join the upcoming Mars sample-return mission (Tianwen-3) spearheaded by China

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