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Topography of Venezuela. Agriculture in Venezuela has a much smaller share of the economy than in any other Latin American country. After the discovery of oil in Venezuela in the early 20th century to the 1940s, agriculture has declined rapidly, and with the beginning of large-scale industrial development in the 1940s, agriculture and land reform was largely neglected by successive governments ...
A map of world oil reserves according to OPEC, 2013 Oil production in Venezuela (red) fell markedly between 2015 and 2020. Venezuela has the world's largest proven oil reserves, totaling 302.81 billion barrels at the end of 2017. [151] The country is a major producer of petroleum products, which remain the keystone of the Venezuelan economy.
[124] [125] Since 2014, roughly 5.6 million people have fled Venezuela. [126] In January 2016, Maduro decreed an "economic emergency", revealing the extent of the crisis and expanding his powers. [127] In July 2016, Colombian border crossings were temporarily opened to allow Venezuelans to purchase food and basic health items. [128]
TUREN, Venezuela/CARACAS (Reuters) - More than 300 hectares (740 acres) of verdant corn and rice planted by Roberto Latini in the western Venezuelan state of Portuguesa undulate under a bright sun ...
A United Nations-backed expert on food security on Wednesday urged Venezuela’s government to develop a robust plan to address hunger and malnutrition affecting its population, and called for an ...
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Venezuelan's unemployment rate hit 17.4% at the end of June 2017, with the jobless total having doubled over 12 months, when two million people lost their jobs. [80] In January 2016 the unemployment rate was 18.1 percent [ 81 ] and the economy was the worst in the world according to the misery index . [ 82 ]
(Bloomberg) -- Venezuela’s government set new price controls for more than two dozen products and announced the takeover of a cooking oil producer as food shortages in the countryside lead to ...