Official Name: Republic of Venezuela
Area: 912,050 sq. km. (352,143 sq. mi.); about the size of Texas and Oklahoma
Cities: Capital--Caracas (metropolitan area population est. 2.8 million, 1990
census). Other major cities--Maracaibo, Valencia, Barquisimeto.
Climate: Varies from tropical to temperate, depending on elevation.
Nationality: Noun and adjective--Venezuelan(s).
Population (1996 est.): 22.3 million.
Annual growth rate (1985-95 est.): 2.2%.
Ethnic groups: Spanish, Italian, Portuguese, Arab, German, African, indigenous
Religions: Roman Catholic 96%.
Languages: Spanish (official), numerous indigenous dialects.
Education: Years compulsory--9. Literacy--91%.
Health: Infant mortality rate--26.5/1,000. Life expectancy--73.31 yrs.
Work force (about 8.8 million in 1996): Services--64%. Manufacturing--13%.
Agriculture--13%. Construction--8%. Other--2%
Type: Federal republic.
Independence: July 5, 1811.
Constitution: January 23, 1961.
Branches: Executive--president (head of government and chief of state;
five-year term); Council of Ministers (cabinet).
Legislative--bicameral congress (203-member Chamber of Deputies, 53-member
Senate) elected for five-year term.
Judicial--18-member Supreme Court.
Subdivisions: 22 states, one federal district (Caracas), and one federal
dependency (72 islands).
Major political parties: Democratic Action (Accion Democratica--AD), Social
Christian (Comite Organizador Politico por Elecciones Independientes--COPEI),
Convergencia (President Caldera's party), the Radical Cause (Causa R), and the
Movement to Socialism (Movimiento al Socialismo--MAS).
GDP (1996 est.): $65 billion.
Growth rate (1996): -1.6%
GDP per capita: $2,900.
Natural resources: Petroleum, natural gas, coal, iron ore, gold, other
minerals, hydroelectric power, bauxite.
Agriculture (5% of GDP): Products--rice; coffee; corn; sugar; bananas; dairy,
meat, and poultry products.
Petroleum industry (25% of GDP): oil refining, petrochemicals.
Manufacturing (21.5% of GDP): Types--iron and steel, paper products, aluminum,
textiles, transport equipment, consumer products, and petroleum refining.
Trade (1996 est.): Exports--$22.8 billion: petroleum ($18.2 billion), iron ore,
coffee, steel, aluminum, cocoa.
Major markets--U.S. (55%), Japan, Germany, Colombia, Netherlands, Brazil,
Italy. Imports--$10.6 billion: machinery and transport equipment, manufactured
goods, chemicals, foodstuffs. Major suppliers--U.S. (45%), Japan, Germany,
France, Canada, Italy, Colombia, Brazil.
Exchange rate (12/96): 477 bolivars = U.S. $1.
U.S. relations with Venezuela are close. The two countries share a strong
mutual commitment to democracy. As the U.S. number-one supplier of foreign oil,
Venezuelan commercial ties are close. Major U.S. interests in Venezuela include
protection and promotion of U.S. exports and investment; continuation of the
economic reform program; preservation of constitutional democracy; closer
counternarcotics cooperation; and maintaining access to a leading source of
The United States is Venezuela's most important trading partner, representing
approximately half of both imports and exports. In turn, Venezuela is the U.S.
third-largest export market in Latin America, purchasing U.S. machinery,
transportation equipment, agricultural commodities, and auto parts. Venezuela's
its petroleum sector to foreign investment in 1996 created tremendous trade and
investment opportunities for U.S. companies. The Department of State is
to promoting the interests of U.S. companies in overseas markets. Contact
information and a list of government publications can be found in the section
Government Contacts" toward the end of this document.
Venezuela is a minor source country for opium poppy and coca, but a major
transit country for cocaine and heroin. Money laundering and judicial
major concerns. The United States is working with Venezuela to combat drug
trafficking. In FY1997, the United States allocated $600,000 for
assistance and about $350,000 through the International Military Education and
Training (IMET) program. In addition, the United States plans to deliver excess
military equipment worth $12.25 million to the Venezuelan armed forces for
counternarcotics use. There is no U.S. Agency for International Development
or Peace Corps mission in Venezuela.
Approximately 23,000 U.S. citizens living in Venezuela have registered with the
U.S. embassy, an estimated three-quarters of them residing in the Caracas area.
estimated 12,000 U.S. tourists visit Venezuela annually. About 500 U.S.
companies are represented in the country.
PEOPLE AND HISTORY
Most Venezuelans are of European, indigenous, and/or African descent. About 85%
of the population lives in urban areas in the northern portion of the country.
While almost half of Venezuela's land area lies south of the Orinoco River,
this region contains only 5% of the population.
The indigenous peoples ranged from agriculturists to less advanced groups
living on islands offshore. The first permanent Spanish settlement in South
America--Nuevo Toledo--was established in Venezuela in 1522. However, Venezuela
was a relatively neglected colony in the 1500s and 1600s as the Spaniards
focused on extracting gold from other areas of their empire in the Americas.
The Venezuelans began to grow restive under colonial control toward the end of
the 18th century. After several unsuccessful uprisings, the country achieved
independence from Spain in 1821 under the leadership of its most famous son,
Simon Bolivar. Venezuela, along with what are now Colombia, Panama, and
Ecuador, was part of the Republic of Gran Colombia until 1830, when it
separated and became a sovereign country.
Much of Venezuela's 19th century history was characterized by periods of
political instability, dictatorial rule, and revolutionary turbulence. The
first half of the 20th
century was marked by periods of authoritarianism--including dictatorships from
1908-1935 and from 1950-1958. The Venezuelan economy shifted from a primarily
agricultural orientation to one centered on petroleum production and export
after the First World War.
Since the overthrow of Gen. Marcos Perez Jimenez in 1958, Venezuela has enjoyed
an unbroken tradition of civilian democratic rule marked by the military's
withdrawal from direct involvement in national politics. Until 1993, when
Rafael Caldera won the presidential election on a coalition "Convergence"
presidency had passed back and forth between the country's main political
parties, Accion Democratica (AD) and the Christian Democratic (COPEI) Party.
For more information, visit the
State Department's home page.