What is Venezuela US capital?

What is Venezuela’s capital?

What is Venezuela known for?

It has the world’s largest known oil reserves and has been one of the world’s leading exporters of oil. Previously, the country was an underdeveloped exporter of agricultural commodities such as coffee and cocoa, but oil quickly came to dominate exports and government revenues.

Is Venezuela poor?

The 2020-2021 National Survey of Living Conditions (ENCOVI), conducted by researchers at Andres Bello Catholic University (UCAB), found that of the country’s 28 million residents, 76.6% live in extreme poverty, up from 67.7% last year. …

Why is Caracas the capital of Venezuela?

A year later Bolívar’s patriotic forces were in full retreat, but, when Gran Colombia (present-day Colombia, Panama, Venezuela, and Ecuador) finally won independence in 1821, Caracas became the capital of Venezuela; the city retained that distinction when Venezuela seceded from Gran Colombia in 1830.

Is Venezuela part of North America?

Venezuela is a country in South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana. It is situated on major sea and air routes linking North and South America.

Why is Venezuela so poor?

Supporters of Chávez and Maduro have said that the problems result from an “economic war” on Venezuela and “falling oil prices, international sanctions, and the country’s business elite”, while critics of the government say the cause is “years of economic mismanagement, and corruption.”

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