Venezuela, officially the Bolivarian Republic of Venezuela, is located on the northern coast of South America. It includes a mainland area and numerous islands in the Caribbean Sea, covering 916,445 km2. The population was estimated at 29 million in 2022. Caracas is its capital and largest city. Venezuela borders the Caribbean Sea and Atlantic Ocean to the north, Colombia to the west, Brazil to the south, Trinidad and Tobago to the northeast and Guyana to the east. It's a presidential republic made up of 23 states, a Capital District, and federal dependencies. Venezuela is highly urbanized, with most residents living in northern cities and the capital.
In 1903, the Venezuela Crisis was resolved through international arbitration at the new Permanent Court of Arbitration.
In 1908, another dispute broke out with the Netherlands, leading to Cipriano Castro's overthrow by Juan Vicente Gómez while Castro was seeking medical treatment in Germany.
In 2018, an inflation rate of 1,000,000% was projected for Venezuela, drawing comparisons to Germany in 1923.
By 1935, Venezuela's per capita gross domestic product was the highest in Latin America due to the discovery of massive oil deposits and the resulting economic boom.
In 1935, Juan Vicente Gómez died, marking the end of his long-standing rule in Venezuela.
From 1941, under Isaías Medina Angarita, the gomecista dictatorship system was relaxed, and Angarita granted a range of reforms, including the legalization of all political parties.
In 1943, a new government introduced a 50/50 split in profits between the government and the oil industry in Venezuela.
After World War II, immigration from Southern Europe and poorer Latin American countries markedly diversified Venezuelan society by 1945.
In 1945, a civilian-military coup overthrew Medina Angarita, ushering in a period of democratic rule.
In 1945, the Venezuelan Professional Baseball League (LVBP) was founded, solidifying baseball's popularity in Venezuela.
In 1947, Rómulo Gallegos won the Venezuelan presidential election, marking the first free and fair elections in Venezuela.
In 1948, Gallegos was overthrown by a military junta led by Luis Felipe Llovera Páez, Marcos Pérez Jiménez, and Carlos Delgado Chalbaud in the 1948 Venezuelan coup d'état.
In 1948, the military junta began its rule in Venezuela, lasting until 1958.
In 1950, Carlos Delgado Chalbaud died in a bungled kidnapping, with Pérez Jiménez suspected of being behind his death.
In 1952, the military junta ignored the results of the presidential election that it unexpectedly lost, and Jiménez was installed as president.
In 1953, the official name of Venezuela was changed back to República de Venezuela.
On January 23, 1958, Jiménez was forced out of power in Venezuela.
From 1958, Venezuela experienced a series of democratic governments, a rarity in a region predominantly under military dictatorships. This period was marked by significant economic prosperity.
During Rómulo Betancourt's second term (1959-64), substantial guerilla movements occurred in Venezuela.
Since 1959, six Venezuelan presidents have been granted the ability to rule by decree in specified policy areas through enabling acts passed by the National Assembly.
In 1960, Hydrocarbons Minister Juan Pablo Pérez Alfonso led the creation of OPEC, the consortium of oil-producing countries aiming to support the price of oil.
In 1960, Rómulo Betancourt suffered an attack planned by the Dominican dictator Rafael Trujillo.
In 1962, leftists excluded from the Pact initiated an insurgency and tried to destabilize the military corps with failed revolts.
During Raúl Leoni's presidency (1964-69), substantial guerilla movements continued in Venezuela.
In 1966, the British and Venezuelan governments signed the Geneva Agreement to resolve the Guayana Esequiba conflict peacefully.
In 1968, Rafael Caldera won the election for COPEI, marking the first time a party other than Democratic Action took the presidency through a democratic election.
In 1969, the states of Venezuela were grouped into nine administrative regions, established by presidential decree.
Rafael Caldera's first presidency began in 1969, during which most guerilla movements laid down their arms.
In 1970, the Port of Spain Protocol set a deadline to try to resolve the Guayana Esequiba issue, without success to date.
In 1973, Carlos Andrés Pérez was elected president, coinciding with an oil crisis that caused Venezuela's income to surge.
In 1973, Venezuela voted to nationalize its oil industry outright.
Effective January 1, 1976, Venezuela nationalized its oil industry outright, with Petróleos de Venezuela (PDVSA) taking over.
In 1976, Venezuela nationalized its oil industries, leading to significant increases in public spending and external debts.
In 1982, Hugo Chávez promised to depose the bipartisanship governments, setting the stage for his future political actions.
In 1983, the Venezuelan government started to devalue the currency to address its financial obligations, leading to a dramatic fall in standards of living.
The Caracas Metro has been operating since 1983, providing transportation for the city.
In 1988, Carlos Andrés Pérez was re-elected as president of Venezuela for his second term.
In 1989, during the second presidential term of Carlos Andrés Pérez, hundreds of people were killed in the Caracazo riots following the implementation of economic austerity measures.
In 1989, the deadly Caracazo riots broke out, marking a period of major political crises and widespread social unrest in Venezuela.
Between 1990 and 2005, Venezuela officially lost 8.3% of its forest cover, which is about 4.3 million ha.
In February 1992, Hugo Chávez led a coup attempt, using growing anger at economic austerity measures as justification.
In 1992, Venezuela experienced two attempted coups, contributing to the major political crises and widespread social unrest of the time.
In 1993, President Carlos Andrés Pérez was impeached under embezzlement charges, leading to the interim presidency of Ramón José Velásquez.
In 1993, the President of Venezuela was impeached for embezzlement of public funds charges, further destabilizing the political landscape.
In March 1994, coup leader Hugo Chávez was pardoned by President Rafael Caldera, reinstating his political rights.
In the 1990s, Venezuela experienced a major banking crisis in 1994.
Since the Corruption Perceptions Index survey started in 1995, Venezuela has consistently been ranked as one of the most corrupt countries.
In 1996, Venezuela's inflation peaked at 100% during a long-running economic crisis.
In 1997, Hugo Chávez founded the Fifth Republic Movement.
In 1998, Hugo Chávez was elected president of Venezuela.
In 1998, Hugo Chávez won the presidential election in Venezuela.
The 1998 Venezuelan presidential election became the catalyst for the Bolivarian Revolution, signaling a significant shift in the country's political trajectory.
A 2014 study estimated that over 1.5 million Venezuelans, or about 4% to 6% of the country's population, had left Venezuela since 1999.
From 1999, Hugo Chávez maintained the presidency continuously.
In 1999, Venezuela's constitution recognized the multi-ethnic, pluri-cultural, and multilingual character of the country and included a chapter devoted to Indigenous peoples' rights, opening spaces for their political inclusion at national and local level.
In 1999, a Constituent Assembly was formed, leading to the imposition of a new Constitution of Venezuela as part of the Bolivarian Revolution.
In 1999, the Jewish community in Venezuela had a population of 22,000.
In 1999, the official name of Venezuela was changed back to República de Venezuela.
The presidential election that took place in April 2013, was the first since Chávez took office in 1999 in which his name did not appear on the ballot.
In September 2000, Venezuela and 188 other nations agreed to the Millennium Development Goals, which jump-started many of the social policies pursued by Chávez.
Hugo Chávez won the 2000 Venezuelan presidential election.
After 2001, the recovery of oil prices boosted the Venezuelan economy and facilitated social spending on programs such as the Bolivarian Missions.
The indigenous populations have progressively increased according to the population census conducted by the National Institute of Statistics in 2011 with respect to the census of 2001.
Under Hugo Chávez, a 2001 law placed limits on foreign investment.
In April 2002, Hugo Chávez was briefly ousted from power during the 2002 Venezuelan coup d'état attempt, but returned after two days due to demonstrations and military actions.
In December 2002, an all-out national strike began, including a strike/lockout in the state oil company PDVSA.
PDVSA played a key role in the December 2002 national strike.
In 2002, relations between Venezuela and the US government worsened after the 2002 Venezuelan coup d'état attempt during which the US government recognized the short-lived interim presidency of Pedro Carmona.
In February 2003, the national strike that began in December 2002 came to an end. Capital flight led to the reimposition of currency controls.
PDVSA played a key role in the February 2003 national strike.
In 2003, 70% of the nation's land was under conservation management in over 200 protected areas, including 43 national parks.
In 2003, the government of Hugo Chávez implemented currency controls in Venezuela after capital flight led to a devaluation of the currency.
In August 2004, Hugo Chávez survived a recall referendum, maintaining his position as president of Venezuela.
Hugo Chávez won the presidential referendum in 2004.
Between 1990 and 2005, Venezuela officially lost 8.3% of its forest cover, which is about 4.3 million ha.
In 2005, the net primary school enrollment rate in Venezuela was at 91% and the net secondary school enrollment rate was at 63%.
In December 2006, Hugo Chávez was elected for another term as president of Venezuela.
Hugo Chávez won the 2006 Venezuelan presidential election.
In 2006, manufacturing contributed 17% of Venezuela's GDP, with production concentrated around Ciudad Guayana. Notable manufactures include electronics, automobiles, beverages, and foodstuffs.
In 2006, the Economist Intelligence Unit rated Venezuela a "hybrid regime" and the third least democratic regime in Latin America on the Democracy Index.
In 2006, the government's agency for combating illegal drug trade in Venezuela, ONA, was incorporated into the office of the vice-president.
In 2007, Hugo Chávez founded the United Socialist Party of Venezuela.
In 2007, according to the World Refugee Survey 2008, 10,600 new asylum seekers entered Venezuela. Between 500,000 and one million illegal immigrants are estimated to be living in the country.
The Simón Bolívar Youth Orchestra hosted a concert at the 2007 London Proms, and has received several honors.
According to a 2008 autosomal DNA study by the University of Brasília, the composition of Venezuela's population is 60.60% European, 23% Indigenous, and 16.30% African.
According to the World Refugee Survey 2008, Venezuela hosted a population of refugee and asylum seekers from Colombia numbering 252,200 in 2007.
In 2008, 95.2% of the adult population in Venezuela was literate.
In 2008, Venezuela incorporated a further 600,000 soldiers into a new branch of the Bolivarian National Armed Forces, known as the Armed Reserve.
In 2008, polls indicated that crime was the number one concern for voters in Venezuela, highlighting the severity of the issue.
Since 2008, Cesar Baena had represented Venezuela in Nordic Skiing.
As of February 15, 2009, a Venezuelan president may be re-elected an unlimited number of times.
In December 2009, Supreme Court president Luisa Estela Morales stated that Venezuela had moved away from "a rigid division of powers" towards a system characterized by "intense coordination" between the branches of government.
In 2009, Cesar Baena became the first South American skier to compete in a FIS Cross Country Ski World Cup on Düsseldorf.
Compared to the preceding year another 40.4% in crude oil reserves were proven in 2010, allowing Venezuela to surpass Saudi Arabia as the country with the largest reserves of this type.
In 2010, the Corruption Perceptions Index ranked Venezuela at number 164 out of 178 ranked countries in government transparency.
On November 25, 2011, the first of US$11 billion of repatriated gold bullion arrived in Caracas, which Chávez hailed as a "sovereign" step to protect the country's foreign reserves.
According to a 2011 poll, 88% of Venezuela's population is Christian, primarily Roman Catholic (71%), with 17% Protestant. 8% are irreligious, and almost 3% follow other religions.
According to the population census conducted by the National Institute of Statistics in 2011, the indigenous populations have progressively increased compared to the 2001 census.
For the 2011–2016 period the number of seats is 165.
In October 2012, Hugo Chávez was elected for a third term as president of Venezuela.
At the 2012 Summer Olympics, Rubén Limardo won a gold medal in fencing for Venezuela.
Hugo Chávez won the 2012 Venezuelan presidential election.
Venezuela hosted the 2012 Basketball World Olympic Qualifying Tournament.
In February 2013, Venezuela devalued its currency due to rising shortages of necessities such as milk, leading to an increase in malnutrition.
In March 2013, Hugo Chávez died due to medical complications, before he could be sworn in for his third term.
In April 2013, Nicolás Maduro won the presidential election with 51% of the vote after Chavez' death, defeating Henrique Capriles who received 49%.
The presidential election took place in April 2013, marking the first time since 1999 that Chávez's name did not appear on the ballot.
According to Claudio Bifano, president of the Venezuelan Academy of Physical, Mathematical, and Natural Sciences, more than half of all medical graduates had left Venezuela in 2013.
Hugo Chávez died in 2013.
In 2013, Nicolás Maduro was picked by Hugo Chávez as his successor, and was appointed as vice president.
In 2013, Venezuela hosted the FIBA Basketball Americas Championship, which took place in the Poliedro de Caracas.
In 2013, Venezuela's homicide rate reached approximately 79 per 100,000 people, making it one of the highest in the world.
In 2013, the Venezuelan government was forced to add the dollar reserves of state-owned companies to those of the national bank to reassure the international bond market after government policies quickly depleted the returned gold reserves.
In 2013, the infant mortality rate in the U.S. was 6 deaths per 1,000 births. This is for comparison with the infant mortality rate in Venezuela in 2014.
In early 2013, Venezuela devalued its currency due to growing shortages of necessities such as toilet paper, milk, and flour. The government even occupied a toilet paper factory.
The 2013 Venezuelan presidential election was widely disputed, triggering widespread protest and another nationwide crisis that continues to this day.
In February 2014, hundreds of thousands of people began protesting in Venezuela over high levels of criminal violence, corruption, hyperinflation, and scarcity of basic goods. The demonstrations and riots resulted in fatalities, and opposition leaders were arrested.
As of December 2014, an estimated 80% of Barrio Adentro establishments in Venezuela were abandoned, despite the program's aim to expand access to health care.
A 2014 study estimated that over 1.5 million Venezuelans, or about 4% to 6% of the country's population, had left Venezuela since 1999.
Beginning in 2014, the price of oil plummeted, placing pressure on the Venezuelan economy. In 2014, Venezuela entered a recession.
In 2014, a series of protest and demonstrations began in Venezuela, attributed to inflation, violence and shortages in Venezuela.
In 2014, infant mortality in Venezuela was 19 deaths per 1,000 births. Child malnutrition was at 17%, with the highest rates in Delta Amacuro and Amazonas.
In 2014, the World Justice Project ranked Venezuela 99th out of 99 countries surveyed in its Rule of Law Index.
On 6 December 2015, Maduro holding judiciary power through the fraudulent designation of judges the day after the election.
The parliamentary elections were held on 6 December 2015 to elect the 164 deputies and three Indigenous representatives of the National Assembly.
By 2015, Venezuela's homicide rate had risen to 90 per 100,000 residents, indicating a worsening trend in violent crime.
By 2015, the Jewish community in Venezuela had shrunk to less than 7,000 due to rising economic pressures and antisemitism.
In 2015, Venezuela had the world's highest inflation rate, surpassing 100%.
In 2015, Venezuela was declared a national security threat by US president Barack Obama.
In 2015, the Venezuelan parliamentary election resulted in the opposition gaining a majority in the National Assembly.
In January 2016, President Maduro decreed an "economic emergency", revealing the extent of the crisis and expanding his powers.
In April 2016, the Maduro government announced rolling blackouts and reduced the government workweek to only Monday and Tuesday to deal with a lack of power supply due to a hydroelectricity shortage.
On 14 May 2016, constitutional guarantees were in fact suspended when Maduro decreed the extension of the economic emergency decree for another 60 days and declared a State of Emergency, which is a clear violation of the Constitution of Venezuela.
On 14 May 2016, the Organization of American States was considering the application of the Inter-American Democratic Charter sanctions for non-compliance to its own constitution.
In July 2016, Colombian border crossings were temporarily opened to allow Venezuelans to purchase food and basic health items.
In September 2016, a study indicated that 15% of Venezuelans were eating "food waste discarded by commercial establishments".
By October 2016, 200 prison riots had occurred in Venezuela.
By 2016, Venezuela's ranking in the Corruption Perceptions Index had slightly worsened to 166 out of 178 countries in government transparency.
For the 2011–2016 period the number of seats is 165.
In 2016, Venezuela's per capita GDP was estimated to be US$15,100, ranking 109th in the world.
In 2016, consumer prices in Venezuela increased 800% and the economy declined by 18.6%, marking the start of an economic depression.
In March 2017, Venezuela began experiencing shortages of gasoline in some regions.
In March 2017, the Venezuelan Supreme Court took over law making powers from the National Assembly but reversed its decision the following day.
On 26 April 2017, Venezuela announced its intention to withdraw from the OAS. Venezuelan Foreign Minister Delcy Rodríguez said that President Nicolás Maduro plans to publicly renounce Venezuela's membership on 27 April 2017. It will take two years for the country to formally leave.
In August 2017, the 2017 Constituent National Assembly was elected and subsequently stripped the National Assembly of its powers.
In December 2017, President Maduro declared that opposition parties would be barred from the following year's presidential vote after they boycotted mayoral polls.
By 2017, Venezuela was declared to be in default regarding debt payments by credit rating agencies, exacerbating the economic crisis.
In 2017, Venezuela's economic outlook was deemed negative by most bond-rating services.
In 2017, the Democracy Index downgraded Venezuela to an authoritarian regime, citing increasingly dictatorial behaviors by the Maduro government.
In 2017, the Donald Trump administration imposed more economic sanctions against PDVSA and Venezuelan officials.
In 2017, the Financial Times reported that some of the arms procured by the government over the previous two decades had been diverted to paramilitary civilian groups and criminal syndicates in Venezuela.
A report issued in June 2020 documented enforced disappearances that occurred in 2018-19. 724 enforced disappearances of political detainees were reported.
By 2018, over half of all Venezuelan children had dropped out of school, with 58% of students quitting nationwide. Many schools lack basic utilities.
For 2018, an inflation rate of 1,000,000% was projected for Venezuela, drawing comparisons to Germany in 1923 or Zimbabwe in the late 2000s.
In 2018, Nicolás Maduro won the presidential election with 68% of the vote, a result which was challenged by several countries who deemed it fraudulent.
In August 2019, the Trump administration imposed an economic embargo against Venezuela.
In March 2020, the Trump administration indicted Nicolás Maduro and other Venezuelan officials on charges of drug trafficking, narcoterrorism, and corruption.
In June 2020, a report documented enforced disappearances that occurred in 2018–19. 724 enforced disappearances of political detainees were reported. The report stated that security forces subjected victims to torture.
According to the 2022 revision of the World Population Prospects the total population was 28,199,867 in 2021.
In 2021, hydroelectricity accounted for 64% of Venezuela's electricity generation.
According to the 2022 revision of the World Population Prospects the total population was 28,199,867 in 2021.
In 2022, the population of Venezuela was estimated to be 29 million. The country is located on the northern coast of South America and comprises a continental landmass with many islands and islets in the Caribbean Sea.
In February 2024, a UN special rapporteur visited Venezuela.
By June 2024, more than 7.7 million people had fled Venezuela, marking a significant Venezuelan refugee crisis attributed to economic collapse and political instability.
As of 2024, according to VOA (report from AFP) Venezuela's GDP had fallen by 80% in less than a decade, driving approximately seven million citizens to flee, with most Venezuelans living on just a few dollars a month, and facing disrepair in healthcare and education systems, as well as shortages of electricity and fuel.
In 2024, Maduro ran for a third consecutive term in the presidential election against Edmundo González Urrutia. After Maduro was declared the winner, world leaders expressed skepticism, and protests broke out across the country.
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