About Us About Venezuela

Untitled Document

FACT SHEET ON VENEZUELA

GENERAL & POLITICAL

Official Name

Bolivarian Republic of Venezuela

Area

916.445 sq.Kms.

States

Federal Republic, consisting of 23 States, a federal district and 72 island dependencies in the Caribbean Sea.

Population

29,789,736 (2022 "Population, total – Venezuela, RB". data.worldbank.org. World Bank. Retrieved 4 November 2020)

Languages (with %age of speakers, if available)

Spanish

Ethnic Groups

Mestizos (51%), Whites (43%), Blacks (3.6%), Indigenous peoples (2%) Others (0.4%)

Capital

Caracas. Population 5 million (2020)

Other main cities

Valencia, Maracaibo, Barquisimeto, Cuidad Guyana & Merida

Time zone

UTC – 400 (-) 9:30 hours behind India

Language

Spanish

Religions

Roman Catholic 88%, Protestant 10%, Others 2% (Indigenous Cults, Islam, Hinduism, Judaism etc)

President

H.E. Mr. Nicolas Maduro Moros, President of the Bolivarian Republic of Venezuela. He assumed office on 19 April 2013 for the first term and on 10th January 2025 for the third term.

Vice President

H.E. Ms. Delcy Rodríguez (since 14 June 2018)

System of Government

Participative Democracy with Presidential System

Membership of International/Regional Orgazinations

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, ISA, ITSO, ITU, ITUC (NGOs), LAES, LAIA, LAS (observer), MIGA, NAM, OAS, OPANAL, OPCW, OPEC, PCA, Petrocaribe, UN, UNASUR, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

GDP (PPP)

US$ 6.78 million (Jan 2024 IMF Est.)

Per Capita

US$ 2879 million (Jan 2024 IMF estt)

GDP Growth

9.32% (first Quarter of 2025. BCV))

GDP by sector

Agriculture: 4.7%; Industry: 40.4%, Services: 54.9% Oil sector: 11.75%

Inflation

85%  (Dec 2024 OVF)

Currency

Bolivar Soberano (Bs.)

Exchange Rate

US$ 1 = Bs.S. 100.21

Forex Reserves

US$ 10.80 million (Aug 2024 - BCV)

Proven crude oil reserves

303.008 bn barrels 2024 (2024) (OPEC)

Production

921,000 bpd as per OPEC data (Dec 2024)

Proven Gas Reserves

5.476 Billion Standard Cubic Meters (2023 Min of Oil of Venezuela)

Mineral Resources

Aluminum, coal, iron, bauxite, gold and diamonds

Exports

US$33.02 billion (2018)

Major Export Items

Petroleum & derivates, Scrap metal, Acilyc Alcohols and Fertilizers

Export destinations

United States, China, Spain, Brazil, Turkey, India and Colombia

Imports

US$ 10.58 billion (2018)

Major import items

Refined Petroleum, Soybean Mean, Corn, Broadcasting Equipment, cars.

National Bird

Venezuelan Troupial

National Flower

The Venezuelan Orchid (Cattleya mossiae)

National Tree

The Araguaney (Tabebuia chrysantha)

International calling code

+58

 

June 2025

REFERENCES

Source: http://www.ine.gov.ve/

2Data from Central Bank of Venezuela (BCV): http://www.bcv.org.ve/Upload/Comunicados/aviso180216.pdf

3 Source: Central Bank of Venezuela (BCV) Breakdown of the GDP by sector http://www.bcv.org.ve/excel/5_2_4.xls?id=332

4Source: Central Bank of Venezuela (BCV)http://www.bcv.org.ve/Upload/Comunicados/aviso180216.pdf

5 Source: Central Bank of Venezuela (BCV)

6 Source: Central Bank of Venezuela (BCV)

7OPEC Share of World Crude Oil Reserves: http://www.opec.org/opec_web/en/data_graphs/330.htm

8 Source: OPEC Monthly Oil Market Report, July 2016, Page 61 (http://www.opec.org/opec_web/static_files_project/media/downloads/publications/MOMR%20July%202016.pdf)

9World Proven Natural Gas Reserves by Country: http://www.opec.org/library/Annual%20Statistical%20Bulletin/interactive/current/FileZ/XL/T32.HTM

10 INE Foreign Trade Statistics 2015

1Source: Central Bank of Venezuela (BCV): http://www.bcv.org.ve/Upload/Comunicados/aviso180216.pdf