About Us About Venezuela

Untitled Document


Official Name

Bolivarian Republic of Venezuela


916.445 sq. Kms


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


32,219,521 (2019 Projection using 2011 Census) (Urban 93%, Rural 7%)

Ethnic Groups

Mestizos (67%), Whites (21%), Blacks (10%), Indigenous people (2%)



Caracas. Population 3 million (2013)


Other main cities

Valencia, Maracaibo, Barquisimeto, Ciudad Guyana & Mérida.


Time zone

UTC - 400 (-) 9½ hours behind India




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


Mr. Nicolas Maduro Moros, President of the Bolivarian Republic of Venezuela. He assumed office on 19 April 2013(First Term). He assumed office on 10th January 2019 (Second Term).

Vice President

Ms. Delcy Rodriguez (since June 14, 2018)

System of Government

Participative Democracy with Presidential System

Membership of


CARICOM (Observer), 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, UNIDO, Union Latina, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO. 



US$33.52 billion (Oct. 2018 IMF Est.)


Per Capita

US$2,700 (2019 IMF Est.)


GDP Growth

-25% (04 April 2019. World Bank Est.)

GDP by Sector

Agriculture: 5.6%, Industry: 14.03%, Services: 65% (2013



10 million % (2019 IMF Projection Est.)


Bolivar Soberano (Bs.S) (since August 20, 2018


Exchange Rate

US$ DICOM - Bs.S. 3.303,30 (10 April 2019


Forex Reserves

US$ 8,999 million (09April 2019)

Proven crude oil reserves

302,809(million barrels)


870,000 million bpd (11 April 2019)

Proven Gas Reserves

5,707(billion cu. m.)

Mineral Resources

Aluminium, coal, iron, bauxite, gold and diamonds



US$ 37.18 billion (2015) (including petroleum) 


Major Export Items

Petroleum & derivatives, aluminium, steel, iron ore, chemicals.


Export destinations

China, Colombia, Netherlands, Brazil, Belgium, Trinidad & Tobago, Chile, North Korea, Mexico, India, Turkey, Russia, Belarus, Iran



US$ 31.56 billion (2015)

Major import items

Manufactured products, food items, chemicals, pharmaceuticals, equipment and machinery.

National Bird

Manufactured products, food items, chemicals, pharmaceuticals, equipment and machinery

National Flower

The Venezuelan Orchid (Cattleya mossiae)


National Tree

The Araguaney (Tabebuia chrysantha)


International Calling Code


September 2019


 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