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 around 32 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 99 per cent of export earnings. 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.

Below data covers 2019

Population (million inhabitants) 32.25
Land area (1,000 sq km) 916
GDP per capita ($) 2,175
GDP at market prices (million $) 70,140
Value of exports (million $) 23,659
Value of petroleum exports (milllion $) 22,492
Current account balance (million $) 1,439
Proven crude oil reserves (million barrels) 303,806
Proven natural gas reserves (billion cu. m.) 5,674
Crude oil production (1,000 b/d) 1,012.6
Marketed production of natural gas (million cu. m.) 20,559.0
Refinery capacity (1,000 b/cd) 1,890.6
Output of petroleum products (1,000 b/d) 742.9
Oil demand (1,000 b/d) 366.6
Crude oil exports (1,000 b/d) 846.6
Exports of petroleum products (1,000 b/d) 94.7
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 2020

  • HE Tareck El Aissami

    HE Tareck El Aissami

    People's Minister of Petroleum
    Head of Delegation

    Download CV
  • Eng. Angel Gonzalez Saltron

    Eng. Angel Gonzalez Saltron

    Governor for OPEC

  • Eng. Ronny Romero

    Eng. Ronny Romero

    National Representative