Why Is Venezuela Rich

It’s hard to really say a country is rich regardless her citizen’s well-being. For a nation to be rich, the presence of raw materials and natural resources must be present in the nation. Countries like United States of America, Great Britain, Saudi Arabia and the likes. But Venezuela isn’t left …

Venezuela Natural Resources

Venezuela is a country located in the northern South America, and shares border with the Caribbean Sea and North Atlantic Ocean. According to the 2012 census, the population of the state was estimated to over 28milllion people. Venezuela’s weather is unstable that is, it varies from tropical to humid. Her …

Venezuela in the 21st Century

In the 21st century, a lot of countries have showcased their supremacy and domination. A lot of countries have also faced their ups and downs including the great Britain and the United States of America. Challenges aroused for each nation economically, power showcase and a lots more. Venezuela vulnerability For …

Products Produced By Venezuela

Venezuela is a country which is economy is largely based in the oil sector, half of their revenue is derived from the oil sector while the other half is derived from the other sectors.  This particular country is blessed with a lot of resources than you can ever imagine, resources …

FAQ

Is Venezuela current economy still depending on oil? Venezuela economy categorises oil as its primary revenue source that has a rough estimation of 96% of its export earnings. The production of petroleum products has been evaluated as the fundamental cornerstone of the economy of Venezuela. Despite the international rankings of …

A few words

Hi! Venezuela is located in the Northern Coast of South America. Earlier on, this country was colonised by Spain and later got its independence in 1822. It happens to be the first Spanish American country to free itself from the colonial powers. It’s a country with a promising economic potential. …