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Last update: January, 24 2021

Venezuela

flag of Venezuela
Government
NameBolivarian Republic of Venezuela
SpanishRepública Bolivariana de Venezuela
Government typefederal presidential republic
CapitalCaracas (2,904,376 (2011))
CurrencyVenezuelan bolívar (VES)
People
Population (2020)28,435,943 (45th)
Density of population33.74 P/km2 (181st)
NationalityVenezuelan
Official languages
Spanish
Ethnic groups (2011)
Mestizo (mixed Amerindian and European)51.6%
European (White)43.6%
African (Black)3.6%
Amerindians and Others1.2%
Religions (2012)
Catholic71%
Protestant17%
Irreligious8%
Other religion3%
No answer1%
Life expectancy (2020)
Male67.5 years
Female74.7 years
Total population71 years (163rd)
Homicides
Total (2018)36.7 per 100,000 people (6th)
Geography
Land area882,050 km2
water area30,000 km2
total area912,050 km2 (34th)
Mean elevation450 m
Lowest point
Caribbean Sea0 m
Highest point
Pico Bolivar4,978 m
Land use (2011)
Agricultural land24.5%
Arable land3.1%
Permanent crops0.8%
Permanent pasture20.6%
Forest52.1%
Other23.4%
Urbanization
Urban population (2020)88.3%
Rate of urbanization1.28% annual rate of change (2015 – 2020)
Economy
Labor force (2017)14.21 million  (40th)
Labor force by occupation (2011)
Agriculture7.3%
Industry21.8%
Services 70.9%
Unemployment rate (2017)27.1% (199th)
GDP (PPP) (estimate 2019)
Total$202.009 billion
Per capitaNA
GDP (nominal) (estimate 2019)
Total$70.140 billion (51st)
Per capita$2,548 (93rd)
GDP by sector (estimate 2017)
Agriculture4.7%
Industry40.4%
Services54.9%
Exports (2017)$32.06 billion (62nd)
Exports partners (2017)
US34.8%
India17.2%
China16%
Netherlands Antilles8.2%
Singapore6.3%
Cuba4.2%
Imports (2017)$11 billion (99th)
Imports partners (2017)
US24.8%
China14.2%
Mexico9.5%

Venezuela on the world map

Venezuela on the world map

Venezuela top 10 largest cities (2011)

  1. Caracas (2,904,376)
  2. Maracaibo (1,906,205)
  3. Valencia (1,396,322)
  4. Barquisimeto (996,230)
  5. Ciudad Guayana (706,736)
  6. Maturín (542,259)
  7. Barcelona (421,424)
  8. Maracay (407,109)
  9. Cumaná (358,919)
  10. Barinas (353.851)

Demography

Population pyramid

population pyramid of Venezuela (2020)

Age structure data

Estimate for 2020:

  • 0-14 years: 25.66% (male 3,759,280/female 3,591,897)
  • 15-24 years: 16.14% (male 2,348,073/female 2,275,912)
  • 25-54 years: 41.26% (male 5,869,736/female 5,949,082)
  • 55-64 years: 8.76% (male 1,203,430/female 1,305,285)
  • 65 years and over: 8.18% (male 1,069,262/female 1,272,646)

Remark: the age structure of a population affects a nation’s key socioeconomic issues. Countries with young populations (high percentage under age 15) need to invest more in schools, while countries with older populations (high percentage ages 65 and over) need to invest more in the health sector. The age structure can also be used to help predict potential political issues. For example, the rapid growth of a young adult population unable to find employment can lead to unrest.

Population from 1950 to 2020

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Source: United Nations, Department of Economic and Social Affairs, Population Division (2019). World Population Prospects 2019, Online Edition. Rev. 1.


Evolution of the life expectancy from 1960 to 2018

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Source: World Development Indicators, The World Bank

Economy

Agriculture:

corn, sorghum, sugarcane, rice, bananas, vegetables, coffee, beef, pork, milk, eggs, fish

Industries:

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

Exports – commodities:

petroleum and petroleum products, bauxite and aluminum, minerals, chemicals, agricultural products

Imports – commodities:

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

Time zone and current time in Venezuela

Go to our interactive map to get the current time in Venezuela

Sources: