Americas > South America > Venezuela


Capital: Caracas; GDP growth (annual %) 2014 : -4.0%;
Key Facts

Full name: Bolivarian Republic of Venezuela
Population: 29.4 million (UN, 2011)
Area: 881,050 sq km (340,561 sq miles)
Major languages: Spanish, indigenous languages
Major religion: Christianity
Life expectancy: 72 years (men), 78 years (women) (UN)
Monetary unit: 1 bolivar = 100 centimos
Main exports: Petroleum, bauxite and aluminium, steel, chemicals, agricultural products, basic manufactures
GNI per capita: US $11,920 (World Bank, 2011)
Internet domain: .ve
International dialling code: +58

  • Outlook for 2014-18


    The country (Venezuela) is situated in Northern South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Guyana and Colombia.  it has borders with Colombia for 2050 km,Colombia and Guyana for 743 km.


    The period of upheaval that followed the disputed April presidential election has eased, but serious risks to political stability remain. The Economist Intelligence Unit's central forecast is that the Partido Socialista Unido de Venezuela (PSUV) remains in power, but worsening social unrest may lead the military to step in to restore order, in which case the government could collapse, forcing early elections.