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Venezuela

Code: VE | Region: South America

Introduction

Background

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<p>Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830, the others being Ecuador and New Granada (Colombia). For most of the first half of the 20th century, military strongmen ruled Venezuela and promoted the oil industry while allowing some social reforms. Democratically elected governments largely held sway until 1999, but Hugo CHAVEZ, who was president from 1999 to 2013, exercised authoritarian control over other branches of government. This trend continued in 2018 when Nicolas MADURO claimed the presidency for his second term in an election boycotted by most opposition parties and widely viewed as fraudulent. The legislative elections in 2020 were also seen as fraudulent, and most opposition parties and many international actors consider the resulting National Assembly illegitimate. In 2021, many opposition parties broke a three-year election boycott and participated in mayoral and gubernatorial elections, despite flawed conditions. As a result, the opposition more than doubled its representation at the mayoral level and retained four of 23 governorships. The 2021 regional elections marked the first time since 2006 that the EU was allowed to send an electoral observation mission to Venezuela.<br><br>MADURO has placed strong restrictions on free speech and the press. Since CHAVEZ, the ruling party has expanded the state's role in the economy through expropriations of major enterprises, strict currency exchange and price controls, and over-dependence on the petroleum industry for revenues. Years of economic mismanagement left Venezuela ill-prepared to weather the global drop in oil prices in 2014, sparking an economic decline that has resulted in reduced government social spending, shortages of basic goods, and high inflation. Worsened living conditions have prompted nearly 8 million Venezuelans to emigrate, mainly settling in nearby countries. The US imposed financial sanctions on MADURO and his representatives in 2017 and on sectors of the Venezuelan economy in 2018. Limited sanctions relief followed when the MADURO administration began making democratic and electoral concessions. <br><br>The government's mismanagement and lack of investment in infrastructure has also weakened the country's energy sector. Caracas has relaxed some controls to mitigate the impact of its sustained economic crisis, such as allowing increased import flexibility for the private sector and the informal use of US dollars and other international currencies. Ongoing concerns include human rights abuses, rampant violent crime, political manipulation of the judicial and electoral systems, and corruption.</p>

Geography

Location

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Northern South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana

Geographic coordinates

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8 00 N, 66 00 W

Map references

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South America

Area

total

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912,050 sq km

land

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882,050 sq km

water

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30,000 sq km

Area - comparative

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almost six times the size of Georgia; slightly more than twice the size of California

Land boundaries

total

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5,267 km

border countries

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Brazil 2,137 km; Colombia 2,341 km; Guyana 789 km

Coastline

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2,800 km

Maritime claims

territorial sea

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12 nm

contiguous zone

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15 nm

exclusive economic zone

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200 nm

continental shelf

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200-m depth or to the depth of exploitation

Climate

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tropical; hot, humid; more moderate in highlands

Terrain

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Andes Mountains and Maracaibo Lowlands in northwest; central plains (llanos); Guiana Highlands in southeast

Elevation

highest point

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Pico Bolivar 4,978 m

lowest point

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Caribbean Sea 0 m

mean elevation

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450 m

Natural resources

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petroleum, natural gas, iron ore, gold, bauxite, other minerals, hydropower, diamonds

Land use

agricultural land

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24.4% (2023 est.)

agricultural land: arable land

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arable land: 2.9% (2023 est.)

agricultural land: permanent crops

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permanent crops: 0.8% (2023 est.)

agricultural land: permanent pasture

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permanent pasture: 20.6% (2023 est.)

forest

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53.5% (2023 est.)

other

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22.1% (2023 est.)

Irrigated land

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10,550 sq km (2012)

Major lakes (area sq km)

salt water lake(s)

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Lago de Maracaibo - 13,010 sq km

Major rivers (by length in km)

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Rio Negro (shared with Colombia [s] and Brazil [m]) - 2,250 km; Orinoco river source and mouth (shared with Colombia) - 2,101 km<br><br><strong>note:</strong> [s] after country name indicates river source; [m] after country name indicates river mouth

Major watersheds (area sq km)

Atlantic Ocean drainage

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Amazon (6,145,186 sq km), Orinoco (953,675 sq km)

Population distribution

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most of the population is concentrated in the northern and western highlands along an eastern spur at the northern end of the Andes, an area that includes the capital of Caracas

Natural hazards

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subject to floods, rockslides, mudslides; periodic droughts

Geography - note

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<p><strong>note 1:</strong> the country lies on major sea and air routes linking North and South America</p> <p><strong>note 2:</strong> Venezuela has some of the most unique geology in the world; <em>tepuis </em>are the massive table-top mountains of the western Guiana Highlands that tend to be isolated and thus support unique endemic plant and animal species; their sheer cliffsides help create some of the most spectacular waterfalls in the world, including Angel Falls, the world's highest (979 m; 3,212 ft) that drops from Auyan Tepui</p>

People and Society

Population

total

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31,755,435 (2025 est.)

male

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15,808,263

female

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15,947,172

Nationality

noun

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Venezuelan(s)

adjective

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Venezuelan

Ethnic groups

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unspecified Spanish, Italian, Portuguese, Arab, German, African, Indigenous

Languages

Languages

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Spanish (official) 98.2%, indigenous 1.3%, Portuguese 0.1%, other 0.4% (2023 est.)

major-language sample(s)

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<br>La Libreta Informativa del Mundo, la fuente indispensable de información básica. (Spanish)<br><br>The World Factbook, the indispensable source for basic information.

Religions

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Roman Catholic 48.1%, Protestant 31.6% (Evangelical 31.4%, Adventist 0.2%), Jehovah's Witness 1.4%, African American/umbanda 0.7%, other 0.1%, believer 3.5%, agnostic 0.1%, atheist, 0.4%, none 13.6%, unspecified 0.6% (2023 est.)

Age structure

0-14 years

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25% (male 3,987,361/female 3,811,307)

15-64 years

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65.9% (male 10,264,353/female 10,330,376)

65 years and over

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9.1% (2024 est.) (male 1,303,737/female 1,553,172)

Dependency ratios

total dependency ratio

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51.8 (2025 est.)

youth dependency ratio

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37.5 (2025 est.)

elderly dependency ratio

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14.3 (2025 est.)

potential support ratio

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7 (2025 est.)

Median age

total

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31.3 years (2025 est.)

male

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30.3 years

female

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31.7 years

Population growth rate

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0.88% (2025 est.)

Birth rate

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16.45 births/1,000 population (2025 est.)

Death rate

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6.54 deaths/1,000 population (2025 est.)

Net migration rate

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-1.15 migrant(s)/1,000 population (2025 est.)

Population distribution

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most of the population is concentrated in the northern and western highlands along an eastern spur at the northern end of the Andes, an area that includes the capital of Caracas

Urbanization

urban population

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88.4% of total population (2023)

rate of urbanization

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1.16% annual rate of change (2020-25 est.)

Major urban areas - population

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2.972 million CARACAS (capital), 2.368 million Maracaibo, 1.983 million Valencia, 1.254 million Barquisimeto, 1.243 million Maracay, 964,000 Ciudad Guayana (2023)

Sex ratio

at birth

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1.05 male(s)/female

0-14 years

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1.05 male(s)/female

15-64 years

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0.99 male(s)/female

65 years and over

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0.84 male(s)/female

total population

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0.99 male(s)/female (2024 est.)

Maternal mortality ratio

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227 deaths/100,000 live births (2023 est.)

Infant mortality rate

total

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13.6 deaths/1,000 live births (2025 est.)

male

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15.4 deaths/1,000 live births

female

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12.2 deaths/1,000 live births

Life expectancy at birth

total population

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74.5 years (2024 est.)

male

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71.5 years

female

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77.7 years

Total fertility rate

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2.16 children born/woman (2025 est.)

Gross reproduction rate

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1.05 (2025 est.)

Drinking water source

improved: total

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total: 93.3% of population (2022 est.)

unimproved: total

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total: 6.7% of population (2022 est.)

Health expenditure

Health expenditure (as % of GDP)

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4% of GDP (2021)

Health expenditure (as % of national budget)

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6% of national budget (2022 est.)

Physician density

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1.66 physicians/1,000 population (2017)

Hospital bed density

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1 beds/1,000 population (2020 est.)

Sanitation facility access

improved: total

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total: 98.4% of population (2022 est.)

unimproved: total

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total: 1.6% of population (2022 est.)

Obesity - adult prevalence rate

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25.6% (2016)

Alcohol consumption per capita

total

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2.51 liters of pure alcohol (2019 est.)

beer

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1.54 liters of pure alcohol (2019 est.)

wine

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0.01 liters of pure alcohol (2019 est.)

spirits

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0.92 liters of pure alcohol (2019 est.)

other alcohols

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0.03 liters of pure alcohol (2019 est.)

Education expenditure

Education expenditure (% GDP)

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0% of GDP (2023 est.)

Education expenditure (% national budget)

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10.3% national budget (2024 est.)

Literacy

total population

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97.2% (2017 est.)

male

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97.2% (2017 est.)

female

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97.3% (2017 est.)

Environment

Environmental issues

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sewage pollution of Lago de Valencia; oil and urban pollution of Lago de Maracaibo; deforestation; soil degradation; urban and industrial pollution, especially along the Caribbean coast; threat to the rainforest ecosystem from mining operations

International environmental agreements

party to

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Antarctic-Environmental Protection, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Climate Change-Paris Agreement, Comprehensive Nuclear Test Ban, Desertification, Endangered Species, Hazardous Wastes, Marine Life Conservation, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 2006, Wetlands

signed, but not ratified

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none of the selected agreements

Climate

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tropical; hot, humid; more moderate in highlands

Land use

agricultural land

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24.4% (2023 est.)

agricultural land: arable land

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arable land: 2.9% (2023 est.)

agricultural land: permanent crops

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permanent crops: 0.8% (2023 est.)

agricultural land: permanent pasture

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permanent pasture: 20.6% (2023 est.)

forest

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53.5% (2023 est.)

other

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22.1% (2023 est.)

Urbanization

urban population

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88.4% of total population (2023)

rate of urbanization

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1.16% annual rate of change (2020-25 est.)

Carbon dioxide emissions

total emissions

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76.73 million metric tonnes of CO2 (2023 est.)

from coal and metallurgical coke

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179,000 metric tonnes of CO2 (2023 est.)

from petroleum and other liquids

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27.928 million metric tonnes of CO2 (2023 est.)

from consumed natural gas

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48.623 million metric tonnes of CO2 (2023 est.)

Particulate matter emissions

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16.1 micrograms per cubic meter (2019 est.)

Methane emissions

energy

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3,595.7 kt (2022-2024 est.)

agriculture

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1,007.8 kt (2019-2021 est.)

waste

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328.3 kt (2019-2021 est.)

other

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7 kt (2019-2021 est.)

Waste and recycling

municipal solid waste generated annually

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9.779 million tons (2024 est.)

percent of municipal solid waste recycled

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21.3% (2022 est.)

Total water withdrawal

municipal

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5.123 billion cubic meters (2022 est.)

industrial

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793.3 million cubic meters (2022 est.)

agricultural

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16.71 billion cubic meters (2022 est.)

Total renewable water resources

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1.325 trillion cubic meters (2022 est.)

Government

Country name

conventional long form

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Bolivarian Republic of Venezuela

conventional short form

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Venezuela

local long form

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Rep&uacute;blica Bolivariana de Venezuela

local short form

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Venezuela

former

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State of Venezuela, Republic of Venezuela, United States of Venezuela

etymology

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in 1499, the stilt-houses built on Lake Maracaibo reminded explorers Alonso de OJEDA and Amerigo VESPUCCI of buildings in Venice, Italy, and they named the region "Venezuola," meaning "Little Venice"

Government type

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federal presidential republic

Capital

name

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Caracas

geographic coordinates

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10 29 N, 66 52 W

time difference

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UTC-4 (1 hour ahead of Washington, DC, during Standard Time)

etymology

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named for the Caracas tribe that originally settled in the area; the origin of their name is unknown

Administrative divisions

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23 states (<em>estados</em>, singular - <em>estado</em>), 1 capital district* (<em>distrito capital</em>), and 1 federal dependency** (<em>dependencia federal</em>); Amazonas, Anzoátegui, Apure, Aragua, Barinas, Bolivar, Carabobo, Cojedes, Delta Amacuro, Dependencias Federales (Federal Dependencies)**, Distrito Capital (Capital District)*, Falcon, Guárico, La Guairá, Lara, Merida, Miranda, Monagas, Nueva Esparta, Portuguesa, Sucre, Táchira, Trujillo, Yaracuy, Zulia

note

<strong>note:</strong> the federal dependency consists of 11 federally controlled island groups with a total of 72 individual islands

Legal system

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civil law system based on the Spanish civil code

Constitution

history

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many previous; latest adopted 15 December 1999, effective 30 December 1999

amendment process

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proposed through agreement by at least 39% of the National Assembly membership, by the president of the republic in session with the cabinet of ministers, or by petition of at least 15% of registered voters; passage requires simple majority vote by the Assembly and simple majority approval in a referendum

International law organization participation

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has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction

Citizenship

citizenship by birth

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yes

citizenship by descent only

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yes

dual citizenship recognized

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yes

residency requirement for naturalization

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10 years; reduced to five years in the case of applicants from Spain, Portugal, Italy, or a Latin American or Caribbean country

Suffrage

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18 years of age; universal

Executive branch

chief of state

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Interim President Delcy Elo&iacute;na RODR&Iacute;GUEZ G&oacute;mez (since 5 January 2026)

head of government

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Interim President Delcy Elo&iacute;na RODR&Iacute;GUEZ G&oacute;mez (since 5 January 2026)

cabinet

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Council of Ministers appointed by the president

election/appointment process

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president directly elected by simple-majority popular vote for a 6-year term (no term limits)

most recent election date

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28 July 2024

election results

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<em><br>2024:</em> official results disputed; Nicolas MADURO Moros was declared the winner by the MADURO-controlled National Electoral Council; percent of vote - Nicolas MADURO Moros (PSUV) 52%, Edmundo GONZÁLEZ Urrutia (Independent) 43.2%, Luis Eduardo MARTÍNEZ (AD) 1.2%, other 3.6%<br><br><em>2018: </em>Nicolas MADURO Moros reelected president; percent of vote - Nicolas MADURO Moros (PSUV) 67.9%, Henri FALCON (AP) 20.9%, Javier BERTUCCI 10.8%

expected date of next election

text

unknown

note

<strong>note 1: </strong>the president is both chief of state and head of government<br><br><strong>note 2: </strong>in January 2026, the United States removed Nicolas MADURO Moros from his position as leader; Interim President RODRÍGUEZ has been sworn in and is expected to remain during a transition period<br><br><strong>note 3: </strong>the United States did not recognize Nicolas MADURO Moros as president of Venezuela; the United States recognized that Edmundo GONZÁLEZ won the most votes in the 28 July 2024 presidential election because of overwhelming evidence, including more than 80% of the tally sheets received directly from polling stations that indicated GONZÁLEZ received the most votes by an insurmountable margin

Legislative branch

legislature name

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National Assembly (Asamblea Nacional)

legislative structure

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unicameral

number of seats

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277 (all directly elected)

electoral system

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mixed system

scope of elections

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full renewal

term in office

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5 years

most recent election date

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12/6/2020

percentage of women in chamber

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32.1%

expected date of next election

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May 2025

note

<strong>note:</strong> in 2020, the National Electoral Council increased the number of seats in the National Assembly from 167 to 277 for the December 2020 election

Judicial branch

highest court(s)

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Supreme Tribunal of Justice (consists of 32 judges organized into constitutional, political-administrative, electoral, civil appeals, criminal appeals, and social divisions)

judge selection and term of office

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judges proposed by the Committee of Judicial Postulation (an independent body of organizations dealing with legal issues and of the organs of citizen power) and appointed by the National Assembly; judges serve nonrenewable 12-year terms

subordinate courts

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Superior or Appeals Courts (Tribunales Superiores); District Tribunals (Tribunales de Distrito); Courts of First Instance (Tribunales de Primera Instancia); Parish Courts (Tribunales de Parroquia); Justices of the Peace (Justicia de Paz) Network

Political parties

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A New Era (Un Nuevo Tiempo) or UNT<br>Cambiemos Movimiento Ciudadano or CMC<br>Christian Democrats or COPEI (also known as the Social Christian Party)<br>Citizens Encounter or EC<br>Clear Accounts or CC<br>Coalition of parties loyal to Nicolas MADURO - Great Patriotic Pole or GPP<br>Coalition of opposition parties - Democratic Alliance (Alianza Democratica) (includes AD, EL CAMBIO, COPEI, CMC, and AP)<br>Come Venezuela (Vente Venezuela) or VV<br>Communist Party of Venezuela or PCV<br>Consenso en la Zona or Conenzo<br>Convergencia<br>Democratic Action or AD<br>Fatherland for All (Patria para Todos) or PPT<br>Fearless People's Alliance or ABP<br>Fuerza Vecinal or FV<br>Hope for Change (Esperanza por el Cambio) or EL CAMBIO<br>Justice First (Primero Justicia) or PJ<br>LAPIZ<br>Movement to Socialism (Movimiento al Socialismo) or MAS<br>Popular Will (Voluntad Popular) or VP<br>Progressive Advance (Avanzada Progresista) or AP<br>The Radical Cause or La Causa R<br>United Socialist Party of Venezuela or PSUV<br>Venezuela First (Primero Venezuela) or PV<br>Venezuelan Progressive Movement or MPV<br>Venezuela Project or PV

Diplomatic representation in the US

text

none<br><br><strong>note</strong>: the embassy, which had been run by the Venezuelan political opposition, announced on 5 January 2023, that it had ended all embassy functions

Diplomatic representation from the US

chief of mission

text

Ambassador (vacant); Charg&eacute; d&rsquo;Affaires John McNAMARA (since 1 February 2025); note - serves as the chief of mission of the Venezuela Affairs Unit, located in the US Embassy, Bogota

embassy

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Venezuela Affairs Unit, US Embassy, Carrera 45 N. 24B-27, Bogota, Colombia

mailing address

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3140 Caracas Place, Washington DC&nbsp; 20521-3140

telephone

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1-888-407-4747<br>  

email address and website

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<br>ACSBogota@state.gov<br><br>https://ve.usembassy.gov/

International organization participation

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ACS, Caricom (observer), CD, 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, UNHRC, UNIDO, Union Latina, UNOOSA, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Independence

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5 July 1811 (from Spain)

National holiday

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Independence Day, 5 July (1811)

Flag

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<strong>description: </strong>three equal horizontal bands of yellow (top), blue, and red, with the coat of arms on the left side of the yellow band and an arc of eight five-pointed white stars centered on the blue band<br><br><strong>meaning: </strong>yellow stands for the riches of the land, blue for the courage of its people, and red for the blood shed in attaining independence<br><br><strong>history:</strong> the flag retains the three equal horizontal bands and three main colors from the flag of Gran Colombia, the South American republic that broke up in 1830; in 2006, President Hugo CHAVEZ added the eighth star -- the original seven stars represented the country's provinces that united in the war of independence -- to match Simon Bolivar's flag from 1827 and to represent the historic province of Guayana

National symbol(s)

text

troupial (bird)

National color(s)

text

yellow, blue, red

National anthem(s)

title

text

"Gloria al bravo pueblo" (Glory to the Brave People)

lyrics/music

text

Vicente SALIAS/Juan Jose LANDAETA

history

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adopted 1881; lyrics were written in 1810; both SALIAS and LANDAETA were executed in 1814 during Venezuela's fight for independence

National heritage

total World Heritage Sites

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3 (2 cultural, 1 natural)

selected World Heritage Site locales

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Coro and its Port (c); Canaima National Park (n); Ciudad Universitaria de Caracas (c)

Economy

Economic overview

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South American economy; ongoing hyperinflation since mid-2010s; chaotic economy due to political corruption, infrastructure cuts, and human rights abuses; in debt default; oil exporter; hydropower consumer; rising Chinese relations

Real GDP (purchasing power parity)

Real GDP (purchasing power parity) 2023

text

$110.943 billion (2023 est.)

Real GDP (purchasing power parity) 2022

text

$106.672 billion (2022 est.)

Real GDP (purchasing power parity) 2021

text

$98.768 billion (2021 est.)

note

<strong>note:</strong> data in 2015 dollars

Real GDP growth rate

Real GDP growth rate 2018

text

-19.67% (2018 est.)

Real GDP growth rate 2017

text

-15.76% (2017 est.)

note

<b>note:</b> annual GDP % growth based on constant local currency

Real GDP per capita

Real GDP per capita 2023

text

$4,900 (2023 est.)

Real GDP per capita 2022

text

$4,600 (2022 est.)

Real GDP per capita 2021

text

$4,000 (2021 est.)

note

<strong>note:</strong> data in 2015 dollars

GDP (official exchange rate)

text

$139.395 billion (2023 est.)

note

<b>note:</b> data in current dollars at official exchange rate

Inflation rate (consumer prices)

Inflation rate (consumer prices) 2022

text

200.9% (2022 est.)

Inflation rate (consumer prices) 2021

text

1,588.5% (2021 est.)

Inflation rate (consumer prices) 2020

text

2,355.1% (2020 est.)

note

<b>note:</b> annual % change based on consumer prices

Agricultural products

text

milk, sugarcane, maize, rice, plantains, oil palm fruit, bananas, chicken, pineapples, potatoes (2023)

note

<b>note:</b> top ten agricultural products based on tonnage

Industries

text

agricultural products, livestock, raw materials, machinery and equipment, transport equipment, construction materials, medical equipment, pharmaceuticals, chemicals, iron and steel products, crude oil and petroleum products

Labor force

text

11.136 million (2024 est.)

note

<b>note:</b> number of people ages 15 or older who are employed or seeking work

Unemployment rate

Unemployment rate 2024

text

5.5% (2024 est.)

Unemployment rate 2023

text

5.5% (2023 est.)

Unemployment rate 2022

text

5.8% (2022 est.)

note

<b>note:</b> % of labor force seeking employment

Youth unemployment rate (ages 15-24)

total

text

10.6% (2024 est.)

male

text

9.3% (2024 est.)

female

text

13.2% (2024 est.)

note

<b>note:</b> % of labor force ages 15-24 seeking employment

Population below poverty line

text

33.1% (2015 est.)

note

<b>note:</b> % of population with income below national poverty line

Average household expenditures

on food

text

52% of household expenditures (2023 est.)

on alcohol and tobacco

text

2.8% of household expenditures (2023 est.)

Budget

revenues

text

$30 million (2017 est.)

expenditures

text

$76 million (2017 est.)

Public debt

Public debt 2017

text

38.9% of GDP (2017 est.)

note

<strong>note:</strong> data cover central government debt, as well as the debt of state-owned oil company PDVSA; the data include treasury debt held by foreign entities; the data include some debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; some debt instruments for the social funds are sold at public auctions

Current account balance

Current account balance 2016

text

-$3.87 billion (2016 est.)

Current account balance 2015

text

-$16.051 billion (2015 est.)

note

<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars

Exports

Exports 2018

text

$83.401 billion (2018 est.)

Exports 2017

text

$93.485 billion (2017 est.)

Exports 2016

text

$28.684 billion (2016 est.)

note

<strong>note:</strong> balance of payments - exports of goods and services in current dollars

Exports - partners

text

USA 50%, China 10%, Spain 9%, Brazil 6%, Turkey 5% (2023)

note

<b>note:</b> top five export partners based on percentage share of exports

Exports - commodities

text

crude petroleum, petroleum coke, scrap iron, alcohols, fertilizers (2023)

note

<b>note:</b> top five export commodities based on value in dollars

Imports

Imports 2018

text

$18.432 billion (2018 est.)

Imports 2017

text

$18.376 billion (2017 est.)

Imports 2016

text

$25.81 billion (2016 est.)

note

<strong>note:</strong> balance of payments - imports of goods and services in current dollars

Imports - partners

text

China 35%, USA 24%, Brazil 12%, Colombia 7%, Turkey 4% (2023)

note

<b>note:</b> top five import partners based on percentage share of imports

Imports - commodities

text

refined petroleum, soybean meal, corn, plastic products, vehicle parts/accessories (2023)

note

<b>note:</b> top five import commodities based on value in dollars

Reserves of foreign exchange and gold

Reserves of foreign exchange and gold 2017

text

$9.794 billion (2017 est.)

Reserves of foreign exchange and gold 2016

text

$10.15 billion (2016 est.)

Reserves of foreign exchange and gold 2015

text

$15.625 billion (2015 est.)

note

<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Exchange rates

Currency

text

bolivars (VEB) per US dollar -

Exchange rates 2017

text

9.975 (2017 est.)

Exchange rates 2016

text

9.257 (2016 est.)

Exchange rates 2015

text

6.284 (2015 est.)

Exchange rates 2014

text

6.284 (2014 est.)

Exchange rates 2013

text

6.048 (2013 est.)

Energy

Electricity access

electrification - total population

text

100% (2022 est.)

Electricity

installed generating capacity

text

33.493 million kW (2023 est.)

consumption

text

56.493 billion kWh (2023 est.)

exports

text

600 million kWh (2023 est.)

transmission/distribution losses

text

25.849 billion kWh (2023 est.)

Electricity generation sources

fossil fuels

text

21.6% of total installed capacity (2023 est.)

hydroelectricity

text

78.3% of total installed capacity (2023 est.)

Coal

production

text

149,000 metric tons (2023 est.)

consumption

text

80,000 metric tons (2023 est.)

exports

text

124,000 metric tons (2023 est.)

imports

text

2,000 metric tons (2023 est.)

proven reserves

text

730.999 million metric tons (2023 est.)

Petroleum

total petroleum production

text

801,000 bbl/day (2023 est.)

refined petroleum consumption

text

203,000 bbl/day (2023 est.)

crude oil estimated reserves

text

303.806 billion barrels (2021 est.)

Natural gas

production

text

23.873 billion cubic meters (2023 est.)

consumption

text

23.873 billion cubic meters (2023 est.)

proven reserves

text

5.674 trillion cubic meters (2021 est.)

Energy consumption per capita

Total energy consumption per capita 2023

text

54.474 million Btu/person (2023 est.)

Communications

Telephones - fixed lines

total subscriptions

text

2.683 million (2022 est.)

subscriptions per 100 inhabitants

text

10 (2022 est.)

Telephones - mobile cellular

total subscriptions

text

20.2 million (2024 est.)

subscriptions per 100 inhabitants

text

71 (2024 est.)

Broadcast media

text

mix of state-run and private broadcast media subject to high levels of control; 13 public service networks, 61 privately owned TV networks, 1 privately owned news channel with limited national coverage, and a Maduro-backed Pan-American channel; 3 Maduro-aligned radio networks control about 65 news stations and another 30 stations targeted at specific audiences; Maduro-sponsored community broadcasters include 235 radio stations and 44 TV stations; the number of private broadcast radio stations declining, but many remain&nbsp; (2021)

Internet country code

text

.ve

Internet users

percent of population

text

62% (2017 est.)

Broadband - fixed subscriptions

total

text

2.7 million (2022 est.)

subscriptions per 100 inhabitants

text

10 (2022 est.)

Transportation

Civil aircraft registration country code prefix

text

YV

Airports

text

509 (2025)

Heliports

text

88 (2025)

Railways

total

text

447 km (2014)

standard gauge

text

447 km (2014) 1.435-m gauge (41.4 km electrified)

Merchant marine

total

text

272 (2023)

by type

text

bulk carrier 3, container ship 1, general cargo 26, oil tanker 17, other 225

Ports

total ports

text

31 (2024)

large

text

1

medium

text

2

small

text

11

very small

text

17

ports with oil terminals

text

21

key ports

text

Amuay (Bahia de Amuay), Bahia de Pertigalete, Ciudad Bolivar, Guanta, La Guaira, La Salina, Las Piedras, Maracaibo, Puerto Cabello, Puerto de Hierro, Puerto la Cruz, Puerto Miranda, Puerto Ordaz, Punta Cardon

Military and Security

Military and security forces

text

Bolivarian National Armed Forces (Fuerza Armada Nacional Bolivariana, FANB): Bolivarian Army (Ejercito Bolivariano, EB), Bolivarian Navy (Armada Bolivariana, AB; includes marines, Coast Guard), Bolivarian Military Aviation (Aviacion Militar Bolivariana, AMB), Bolivarian Militia (Milicia Bolivariana), Bolivarian National Guard (Guardia Nacional Bolivaria, GNB), Presidential Honor Guard<br><br>Ministry of Interior, Justice, and Peace: Bolivarian National Police (Policía Nacional Bolivariana, PNB) (2025)

note

<strong>note 1: </strong>the Bolivarian Militia and the Presidential Honor Guard are considered special/secondary components of the FANB;<strong> </strong>the Militia is composed of the Military Reserve and the Territorial Militia and is comprised of armed civilians who receive periodic training in exchange for a small stipend<br><br><strong>note 2: </strong>the National Guard was made part of the FANB in 2007 and is responsible for maintaining public order, guarding the exterior of key government installations and prisons, conducting counter-narcotics operations, monitoring borders, and providing law enforcement in remote areas; it reports to both the Ministry of Defense and the Ministry of Interior, Justice, and Peace<br><br><strong>note 3: </strong>the PNB is a federal force created by Hugo CHAVEZ in 2008 as a “preventative police force,” separate from state and local ones; the PNB largely focuses on policing Caracas’ Libertador municipality, patrolling Caracas-area highways, railways, and metro system, and protecting diplomatic missions; the PNB includes the Special Action Forces (Fuerzas de Acciones Especiales, FAES), a paramilitary unit created by President MADURO to bolster internal security after the 2017 anti-government protests <br><br><strong>note 4:</strong> there are also pro-government armed groups known as colectivos operating in Caracas and other cities

Military expenditures

Military Expenditures 2024

text

0.6% of GDP (2024 est.)

Military Expenditures 2023

text

0.5% of GDP (2023 est.)

Military Expenditures 2022

text

0.6% of GDP (2022 est.)

Military Expenditures 2021

text

0.3% of GDP (2021 est.)

Military Expenditures 2020

text

1.6% of GDP (2020 est.)

Military and security service personnel strengths

text

information varies; approximately 125-150,000 active Armed Forces; estimated 200,000 Bolivarian Militia (2025)

Military equipment inventories and acquisitions

text

the FANB inventory is a mix of mostly older and some more modern armaments from a variety of foreign suppliers, including China, France, Germany, Iran, Italy, Russia/former Soviet Union, Spain, the UK, and the US (2025)

Military service age and obligation

text

18-30 (25 for women) for voluntary service; the minimum service obligation is 24-30 months; 17-39 for Militia service; all citizens of military service age (18-50) are obligated to register for military service and subject to military training (2025)

Military - note

text

the armed forces (FANB) are responsible for ensuring Venezuela’s independence, sovereignty, and territorial integrity; they also have a domestic role, including assisting with maintaining internal security, conducting counter-narcotics missions, contributing to national socio-economic development, and providing disaster relief/humanitarian assistance; the military has been deployed against illegal armed groups operating in the Colombian border region and other areas to combat organized crime gangs involved in narcotics trafficking and illegal mining; it has ties with the militaries of China, Cuba, Iran, and Russia<br><br>the FANB has a role in the country’s economy and political sectors; military officers hold key positions in state-owned companies, government ministries, and funding agencies; the FANB runs corporation involved in agriculture, banking, communications, energy, insurance, mining, and transportation (2025)

Space

Space agency/agencies

text

Bolivarian Agency for Space Activities (Agencia Bolivariana para Actividades Espaciales, ABAE; formed 2007) (2025)

note

<strong>note:</strong> the ABAE is under the Ministry of Science, Technology, and Innovation; it was originally known as the Venezuelan Space Center (CEV; created 2005)

Space program overview

text

has a small national program primarily focused on acquiring satellites and expanding the country&rsquo;s science and technological capabilities; operates satellites and maintains two satellite ground control stations; participates in multinational space organizations such as the Latin American and Caribbean Space Agency; closest bilateral partners are China and Russia; also has bilateral framework agreements for space cooperation with Argentina, Bolivia, Brazil, and Uruguay (2025)

Key space-program milestones

text

2005 - signed space cooperation partnership with China<br><br>2008- first communications satellite (Venesat-1 or Bolivar) financed, built, and launched by China<br><br>2012 - first remote sensing (RS) satellite (VRSS-1 or Miranda) built and launched by China<br><br>2017 - second RS satellite (VRSS-2 or Sucre) built and launched by China<br><br>2021 - signed agreement to establish the Latin American and Caribbean Space Agency (formally established in 2022)<br><br>2023 - joined China-Russia project to construct a permanent base on the Moon by the 2030s<br><br>2025 - announced intent to participate in planned Mars sample-return mission (Tianwen-3) led by China

Terrorism

Terrorist group(s)

text

National Liberation Army (ELN); Revolutionary Armed Forces of Colombia-People's Army (FARC-EP); Segundo Marquetalia (SM); Tren de Aragua (TdA)

note

<strong>note:</strong> details about the history, aims, leadership, organization, areas of operation, tactics, targets, weapons, size, and sources of support of the group(s) appear(s) in the Terrorism reference guide

Transnational Issues

Refugees and internally displaced persons

refugees

text

20,911 (2024 est.)

IDPs

text

2,338 (2024 est.)

Trafficking in persons

tier rating

text

Tier 3 — Venezuela does not fully meet the minimum standards for the elimination of trafficking and is not making any efforts to do so, therefore, Venezuela remained on Tier 3; for more details, go to: https://www.state.gov/reports/2025-trafficking-in-persons-report/venezuela/

Illicit drugs

USG identification

text

<br>major illicit drug-producing and/or drug-transit country<br><br>major precursor-chemical producer (2025)