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Country name:

conventional long form: Bolivarian Republic of Venezuela
conventional short form: Venezuela
local long form: Republica Bolivariana de Venezuela
local short form: Venezuela

 

Capital:

Caracas. Population: 4.3 million (metropolitan area, 2008).
 

 

Location:

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

 

Area:

912,050 sq km (352,144 sq miles).
 

Description:
Venezuela is bordered to the north by the Caribbean, to the east by Guyana and the Atlantic Ocean, to the south by Brazil, and to the west and southwest by Colombia. The country consists of four distinctive regions: the Venezuelan Highlands in the west; the Maracaibo Lowlands in the northwest; the vast central plain of Los Llanos around the Orinoco River; and the Guyana region in the extreme south, which includes part of the Amazon rainforest and the Guyana highlands.
 

 

Population:

27.88 million (2008).
 

 

map of Venezuela

language:
Spanish is the official language. English, French, German and Portuguese are also spoken by some sections of the community.

Climate:
The climate varies according to altitude. Lowland areas have a tropical climate, while mountainous regions are significantly cooler. Pack a sweater or jacket if you're planning to spend any time in the Andes. The rainy season runs from May to December. During this period, there is the possibility of flooding in certain low-lying areas, such as the Llanos and in some valleys of the Andes. Various parts of Venezuela, including Caracas and the eastern part of Sucre, are vulnerable to earthquakes, although there have been no serious ones for many years

Economy - overview:
Venezuela was a primarily agricultural country until the discovery of oil in the 1920s. A prominent founding member of the Organisation of Petroleum Exporting Countries (OPEC), the country ranks fifth in the world in oil reserves, and it is among the world's top 10 oil exporting nations. The resource provides 90% of export earnings, half of government revenues and approximately a quarter of the country's GDP (in contrast, agriculture comprises less than 4% of GDP). Overdependence on oil revenues, however, has left Venezuela vulnerable to world price fluctuations.

http://www.worldtravelguide.net/country/300/business/South-America/Venezuela.html


Economy:
Venezuela was a primarily agricultural country until the discovery of oil in the 1920s. A prominent founding member of the Organisation of Petroleum Exporting Countries (OPEC), the country ranks fifth in the world in oil reserves, and it is among the world's top 10 oil exporting nations. The resource provides 90% of export earnings, half of government revenues and approximately a quarter of the country's GDP (in contrast, agriculture comprises less than 4% of GDP). Overdependence on oil revenues, however, has left Venezuela vulnerable to world price fluctuations.

http://www.worldtravelguide.net/country/300/business/South-America/Venezuela.html


 

Industries:

petroleum, iron ore mining, construction materials, food processing, textiles, steel, aluminum, motor vehicle assembly

 

Exports:
Petroleum, aluminium, steel, chemical products, agricultural products.

Main trade partners: USA, Colombia, Brazil, Mexico, China.

Imports:
Machinery and transport equipment, manufactured goods and construction materials.

Exchange rates:
Bol?�var Fuerte (VEF; symbol Bs.F.) = 100 c?�ntimos. Notes are in denominations of Bs.F.100, 50, 20, 10, 5 and 2; coin denominations are Bs.F.1, and 50, 25, 12.5, 10, 5 and 1 c?�ntimos
http://www.worldtravelguide.net/country/300/money/South-America/Venezuela.html

GDP :
US$226.9 billion (2007).

 

Useful links:

 

  • Trade Associations & Chamber of Commerce
 
  • Trade Fairs

  • Others

 

 

 

  Copyright By :  Kish Trade Promotion Center  2002