Venezuela

Venezuela

Venezuela facts and figures

Venezuela's Independence Day
Venezuela's Independence Day

05 July

The Bolivarian Republic of Venezuela lies along South America’s Caribbean Coast. It is bordered by Brazil, Colombia and Guyana. The country covers an area of around 916 thousand square kilometres, excluding the Esequibo area, and has a population of almost 30 million. Around four million people live in the capital, Caracas, and Spanish is the country’s official language.

Venezuela’s oil revenues account for about 95 per cent of export earnings. The oil and gas sector is around 25 per cent of gross domestic product. Apart from petroleum, the country’s natural resources include natural gas, iron ore, gold, bauxite, diamonds and other minerals. The national currency is the bolivar.

HE Nicolás Maduro Moros is the President of the Bolivarian Republic of Venezuela and the country is a Founder Member of OPEC.

Did you know?

  • There are 43 national parks in Venezuela, making up 15 per cent of the country’s land mass.
  • Venezuela has been an oil producer since 1914 when the first commercial oil well, Zumaque I, was drilled in the Mene Grande field on the eastern shores of Lake Maracaibo.

Population (million inhabitants) 29.985
Land area (1,000 sq km) 916
Population density (inhabitants per sq km) 33
GDP per capita ($) 12,472
GDP at market prices (million $) 373,978
Value of exports (million $) 89,175
Value of petroleum exports (milllion $) 85,861
Current account balance (million $) 7,484
Proven crude oil reserves (million barrels) 298,350
Proven natural gas reserves (billion cu. m.) 5,581
Crude oil production (1,000 b/d) 2,789
Marketed production of natural gas (million cu. m.) 21,820
Refinery capacity (1,000 b/cd) 1,855
Output of refined petroleum products (1,000 b/d) 1,245.1
Oil demand (1,000 b/d) 831
Crude oil exports (1,000 b/d) 1,937
Exports of petroleum products (1,000 b/d) 491.0
Natural gas exports (million cu. m.) --

  • b/d (barrels per day)
  • cu. m. (cubic metres)
  • b/cd (barrels per calendar day)

Source: Annual Statistical Bulletin 2014

  • HE Rafael Ramírez

    HE Rafael Ramírez

    Minister of Popular Power of Petroleum and Mining
    Head of Delegation

    Download CV
  • Dr. Bernard Mommer

    Dr. Bernard Mommer

    Governor for OPEC

  • Ms. Nélida Izarra

    Ms. Nélida Izarra

    National Representative