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Official Name
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Bolivarian Republic of Venezuela
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Area
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916.445 sq. kms.
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States
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Federal Republic, consisting of 23 States, a federal district and 72 island dependencies in the Caribbean Sea.
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Population
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31.028.637 (2016 projection using 2011 Census) (Urban 93%, Rural 7%)1
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Ethnic Groups
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Mestizos (67%), Whites (21%), Blacks (10%), Indigenous people (2%)
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Capital
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Caracas(Metropolitan District of Caracas has a population of 5.1 million.)
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Other main cities
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Valencia, Maracaibo, Barquisimeto, Ciudad Guyana & Mérida.
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Time zone
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UTC/GMT -4:00 (-)9.30 hours behind India
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Language
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Spanish
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Religion
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Roman Catholic 88%, Protestant 10%, Others 2% (Indigenous Cults, Islam, Hinduism, Judaism etc)
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President
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Mr. Nicolas Maduro Moros. He assumed office on 19 April 2013
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Vice President
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Mr. Tareck El Aissami
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System of Government
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Participative Democracy with Presidential System.
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Membership of
International/Regional
Organizations
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UN, IMF, World Bank, OPEC, OAS, NAM, G-15, WTO (G-20), Rio Group, Association of Caribbean States (ACS), Bolivarian Alternative for the Peoples of our America (ALBA) and MERCOSUR (signed the Protocol of Accession in July 2006), CELAC,UNASUR, IADB, PETROCARIBE.
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GDP (PPP)
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US$ 349.64 billion (2015)
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Per Capita
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US$ 11268 (2015)
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GDP Growth
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-5.7 % (2015)2
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GDP by Sector
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Oil Sector 11.75%; Non-oil sector 78.17% (includes mining, manufacture, services, transport, agriculture, communications, real estate etc); Tax revenue 10.06% (2015)3
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Inflation
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180.9% (2015)4
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Currency
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Bolivar Fuerte (Bs.F)
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Exchange Rate
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1 US$ = Bs.F 10 (DIPRO – for essential imports)
1 US$ = BS. 2970 (DICOM – for non-essential imports and travelers- last updated 02 August 2016)
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Forex Reserves
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US$11.95 billion (18 July 2016)6
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Proven crude oil reserves
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299.95 billion barrels (2015)7
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Production
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2.364 million barrels per day (July 2016) as per the OPEC Monthly Oil Market Report published on 12 July 20168
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Proven Gas Reserves
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5.581 Billion Standard Cubic Meters (2013)9
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Mineral Resources
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Aluminum, coal, iron, bauxite, gold and diamonds.
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Exports
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US$ 37.188 billion (2015) (total exports)
US$ 34.378 billion (2015) (oil exports)
US$ 2.810 billion (2015) (non-oil)10
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Major Export Items
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Petroleum & derivatives, aluminium, steel, iron ore, chemicals.
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Export destinations
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United States, China, Colombia, Netherlands, Brazil, Belgium, Trinidad & Tobago, Chile, North Korea, Mexico, India
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Imports
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US$ 31.567 billion (2015)11
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Major import items
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Manufactured products, food items, chemicals, pharmaceuticals, equipment and machinery.
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National Bird
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Venezuelan Troupial
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National Flower
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Venezuelan Orchid
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National Tree
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Araguaney
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International Calling Code
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+58
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