Venezuela

Official Name: The Bolivarian Republic of Venezuela
Sovereign Status: Sovereign Country
Government Type: Federal Presidential Republic
Official Name (Local Language): República Bolivariana de Venezuela
ISO Country Codes: VE : VEN
Internet Domain: .ve
Government Web Site: http://www.asambleanacional.gob.ve/
Capital: Caracas Main Airports: Simón Bolívar International Airport
Language(s): Spanish Population: 29,069,153
Currency: Venezuelan Boliva ISO Currency Code: VEF
Telephone Dial In: +58 ID Prefix: 00



Travel Guides:

Venezuela

Government Website: http://www.asambleanacional.gob.ve/
Sovereign Ratings: https://countryeconomy.com/ratings/venezuela
Central Bank: Banco Central de Venezuela
Currency USD Exchange Rate: 3,345 bolivars (VEB) per US dollar (2017 est.)
Unemployment Rate: 6.9% (2018 est.)
Population below poverty line: 19.7% (2015 est.)
Inflation Rate: 146,101.7% (2019 est.)
Prime Lending Rate: 21.10% (2017 - World Bank)
GDP: $210.1 billion (2017 est.)
GDP Pro Capita (PPP): $7,704 (2018 est.)
Currency Name: Venezuelan Boliva
Currency Code: VEF
World Bank Classification: Upper Middle Income

GDP Composition:

Agriculture: 4% corn, sorghum, sugarcane, rice, bananas, vegetables, coffee; beef, pork, milk, eggs; fish
Industry: 36.1% 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
Services: 59.9%

Source: Central Intelligence Agency Factbook




Financial Exchanges:
Stock & Securities Exchange: Bolsa de Valores de Caracas ;

National Statistics Office:


Venezuela


Subject to Country Specific Sanctions? OFAC

The World Bank’s World Integrated Trade Solution

Business Language(s): Spanish
Development Bank(s): Development Bank of Latin America;
National Standards Bureau: Fondo para la Normalización y Certificación de la Calidad (FONDONORMA)
Competitive Ind’l Performance: 133/141 (2019) Corruption Perceptions Index: 176/180 (2020)
Ease of Doing Business: 188/190 (2019) Enabling Trade Index: 136/136 (2016)
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