Venezuela facts and figures

Venezuela's Independence Day
Venezuela's Independence Day

05 July

The Bolivarian Republic of Venezuela lies along South America’s Caribbean Coast. It is bordered by Brazil, Colombia and Guyana. The country covers an area of around 916 thousand square kilometres, excluding the Esequibo area, and has a population of around 33 million. Around four million people live in the capital, Caracas, and Spanish is the country’s official language.

Apart from petroleum, the country’s natural resources include natural gas, iron ore, gold, bauxite, diamonds and other minerals. The national currency is the bolivar.

HE Nicolás Maduro Moros is the President of the Bolivarian Republic of Venezuela and the country is a Founder Member of OPEC.

Did you know?

  • There are 43 national parks in Venezuela, making up 15 per cent of the country’s land mass.
  • Venezuela has been an oil producer since 1914 when the first commercial oil well, Zumaque I, was drilled in the Mene Grande field on the eastern shores of Lake Maracaibo.

Below data covers 2022

Population (million inhabitants) 33.11
Land area (1,000 sq km) 916
GDP per capita ($) 2,813
GDP at market prices (million $) 93,111
Value of exports (million $) 17,686
Value of petroleum exports (milllion $) 15,379
Current account balance (million $) 1,887
Proven crude oil reserves (million barrels) 303,221
Proven natural gas reserves (billion cu. m.) 5,511
Crude oil production (1,000 b/d) 716
Marketed production of natural gas (million cu. m.) 24,421
Refinery capacity (1,000 b/cd) 2,276
Output of petroleum products (1,000 b/d) 266
Oil demand (1,000 b/d) 272
Crude oil exports (1,000 b/d) 438
Exports of petroleum products (1,000 b/d) 88
Natural gas exports (million cu. m.) --

  • b/d (barrels per day)
  • cu. m. (cubic metres)
  • b/cd (barrels per calendar day)

Source: Annual Statistical Bulletin 2023

  • HE Eng. Pedro Tellechea

    HE Eng. Pedro Tellechea

    People's Minister of Petroleum
    Head of Delegation

  • Eng. Ronny Rafael Romero Rodriguez

    Eng. Ronny Rafael Romero Rodriguez

    Governor for OPEC

  • Eng. Ronny Rafael Romero Rodriguez

    Eng. Ronny Rafael Romero Rodriguez

    National Representative