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 30.5 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) 30.457
Land area (1,000 sq km) 916
Population density (inhabitants per sq km) 33
GDP per capita ($) 6,757
GDP at market prices (million $) 205,787
Value of exports (million $) 80,663
Value of petroleum exports (milllion $) 77,776
Current account balance (million $) 13,212
Proven crude oil reserves (million barrels) 299,953
Proven natural gas reserves (billion cu. m.) 5,617
Crude oil production (1,000 b/d) 2,683
Marketed production of natural gas (million cu. m.) 21,878
Refinery capacity (1,000 b/cd) 1,891
Output of refined petroleum products (1,000 b/d) 1,151
Oil demand (1,000 b/d) 752
Crude oil exports (1,000 b/d) 1,965
Exports of petroleum products (1,000 b/d) 312.0
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 2015

  • HE Eng. Eulogio Del Pino

    HE Eng. Eulogio Del Pino

    People's Minister of Petroleum and Mining
    Head of Delegation

  • Eng. Ivan Orellana

    Eng. Ivan Orellana

    Governor for OPEC
    Chairman of the Board of Governors

  • Ms. Nélida Izarra

    Ms. Nélida Izarra

    National Representative