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Venezuela

Bolivarian Republic of Venezuela
Quick facts
Capital
Caracas
Population
31 m
Area
916,445 km²
Region
South America
Languages
Spanish
Currency
Venezuelan bolívar soberano (Bs.S.)
Demonym
Venezuelan
UN member
Yes
How Venezuela compares
Economy size$120 B
63rd of 178 worldwide · 7th of 12 in South America
Income per person$4,218
110th of 178 worldwide · 12th of 12 in South America
Life expectancy72.7 yrs
101st of 179 worldwide · 10th of 12 in South America
Internet access76.7%
101st of 179 worldwide · 12th of 12 in South America
Military spending$0
160th of 163 worldwide · 11th of 11 in South America
Highlights
GDP
$120 B

Gross Domestic Product — the total market value of all goods and services produced in a year, at current prices.

GDP per capita
$4,218

GDP divided by population — a rough measure of average economic output per person.

Population
28 m

Total resident population, mid-year estimate.

Life expectancy
72.7 yrs

Years a newborn would live if current mortality patterns held throughout its life.

R&D spending
0.3%

Gross expenditure on research & development as a share of GDP.

Researchers (per million)
180

Full-time-equivalent researchers per million people.

Land area
882,050 km²

Total land area, excluding inland water bodies.

Forest area
52.2%

Share of land area under forest cover.

Resource rents
11.8%

Total natural-resource rents (oil, gas, mineral, forest) as a share of GDP.

Oil rents
11.3%

Value of crude oil production minus extraction cost, as a share of GDP.

Military burden
0.5%

Military expenditure as a share of GDP.

Defense spending
$0

Total military expenditure at current prices.

The history journey

From the indigenous peoples of the Orinoco and the coast Columbus reached in 1498, through the Spanish 'little Venice' and the Captaincy General of Caracas, to the cradle of South American independence, the petro-state built on Lake Maracaibo oil, and the Bolivarian Revolution and crisis of the present.

Pilot a cinematic, sourced journey through its eras — moment by moment.