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Venezuela exports rice, corn, fish, tropical fruit, coffee, pork and beef. Venezuela has an estimated US$14.3 trillion worth [28] of natural resources and is not self-sufficient in most areas of agriculture. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports. [29]
Venezuela's economy faltered while poverty, [59] [70] inflation [71] and shortages in Venezuela increased. According to Martinez Lázaro, professor of economics at the IE Business School in Madrid, the economic woes Venezuela continued to suffer under Maduro would have occurred even if Chávez were still in power. [ 72 ]
Venezuela exports rice, corn, fish, tropical fruit, coffee, pork and beef. Venezuela has an estimated US$14.3 trillion worth [25] of natural resources and is not self-sufficient in most areas of agriculture. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports. [26]
Early Monday morning, Venezuela's electoral authority - which the opposition accuses of being in Maduro's pocket - announced that he won another term in office, attracting 51% of the vote, with a ...
The U.S. Treasury Department last week extended a license to U.S. oil firm Chevron Corp to boost oil output and expand operations in Venezuela as part of a plan to encourage political talks ...
Relations have become increasingly closer with Venezuela, the most recent visible results of which being Venezuela becoming the third nation to officially recognize the independence of Abkhazia and South Ossetia and Russia approving a $2 billion loan to Venezuela for arms in September 2009.
Venezuela's economy grew more than 5% in 2023 and growth will reach 8% this year, President Nicolas Maduro said on Monday during his annual address to the government-allied legislature. Venezuela ...