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Central Bank of Venezuela Building. The Central Bank of Venezuela (Spanish: Banco Central de Venezuela, BCV) is the central bank of Venezuela.It is responsible for issuing and maintaining the value of the Venezuelan bolívar and is the governing agent of the Venezuelan Clearing House System (including an automated clearing house).
ENCOVI – Encuesta sobre Condiciones de Vida en Venezuela Febrero 2018 Archived 1 April 2019 at the Wayback Machine Note Datum is from the World Bank and as far as we know is a whole year average (1989) End of year data provided by Instituto Nacional de Estadística (1997–2013) ENCOVI used due to lack of government-provided statistics (2014 ...
Presidential elections were held in Venezuela on 28 July 2024 to choose a president for a six-year term beginning on 10 January 2025. [2] [3] The election was contentious, with international monitors calling it neither free nor fair, [4] citing the incumbent Maduro administration having controlled most institutions and repressed the political opposition before, during, [2] [5] and after the ...
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]
Hyperinflation in Venezuela was the currency instability in Venezuela that began in 2016 during the country's ongoing socioeconomic and political crisis. [3] Venezuela began experiencing continuous and uninterrupted inflation in 1983 , with double-digit annual inflation rates.
There exists a large discrepancy between male and female labour rates in Arandas and Jalisco, which is characteristic for Mexican states and cities. As of 2021, the labour participation rate for males is 78.7% and the rate for women is 46.5%. The unemployment rate for men in Arandas is 3.31% compared to 3.44% for women. [13]
Venezuela is a major producer of oil products, which remains the keystone of the Venezuelan economy. Under the Chávez government, crude oil production decreased from 3.12 million barrels a day when Chávez took office in 1999, to 2.95 million barrels a day in 2007, [10] whilst oil prices increased 660%.
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 ...