Venezuela

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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 more than 29 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.

Mr. 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) 29.52
Land area (1,000 sq km) 916
Population density (inhabitants per sq km) 32
GDP per capita ($) 12,956
GDP at market prices (billion $) 382.42
Value of exports (billion $) 97.34
Value of petroleum exports (billion $) 93.57
Current account balance (billion $) 11.02
Proven crude oil reserves (billion barrels) 297.74
Proven natural gas reserves (billion cu. m.) 5,563
Crude oil production (1,000 b/d) 2,804
Marketed production of natural gas (billion cu. m.) 22.73
Refinery capacity (1,000 b/d) 1,524
Output of petroleum products (1,000 b/d) 1,568.7
Oil demand (1,000 b/d) 786
Crude oil exports (1,000 b/d) 1,725
Exports of petroleum products (1,000 b/d) 675.1
Natural gas exports (billion cu. m.) --

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

Source: Annual Statistical Bulletin 2013

  • 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