Economy of Venezuela

Economy of Venezuela

The volume of GDP in 2001 amounted to 124.9 billion US dollars, or 0.4% of the world’s GDP. GDP per capita – 5071 US dollars. Unemployment 15.8%, inflation – 31.2% (2002). According to businesscarriers, more than 1/4 of Venezuela’s GDP comes from the oil industry (see table), while the share of the entire extractive industry […]

Venezuela Religion

Venezuela Religion

Religious freedom prevails by law and it is usually respected in practice as well. Traditionally, Catholicism is the dominant religion, but the percentage of Protestants is increasing rapidly. The trend with a reduced proportion of Catholics in the population is the same as in the rest of Latin America. In a 2011 survey, 71 percent […]