Current situation in Venezuela

The current situation in Venezuela. Due to rising oil prices, Venezuela’s economy has greatly improved. GDP is expected to increase by 8.3% in 2021, setting a good result in 15 years.

Venezuela is a country located in northern South America, with a land area of ??916,400 square kilometers. It borders the Caribbean Sea to the north, Colombia to the west, Brazil to the south, Guyana to the east, and its capital, Caracas. Venezuela is rich in natural resources. Mineral resources mainly include oil, natural gas, iron ore, bauxite, gold, coal, nickel, diamond, etc.

Due to Venezuela’s unique geographical location, the local natural resources are very rich, and the most famous natural resource is oil. Venezuela’s oil reserves currently rank first in the world, so Venezuela is also a very important country with oil resources. However, Venezuela has not made good use of its oil resources to drive the economic development of its people like most countries in the Middle East.

Introduction to Caracas

Caracas is the capital of Venezuela, a Latin American country, the largest city in the country, and the political, economic and cultural center. Caracas is located in the Caracas Valley on the shores of the Caribbean Sea, at the southern foot of Mount Avila in the north-central part. The city is surrounded by mountains, with an altitude of 922 meters. The climate is mild, with an average annual temperature of 21°C and an average annual precipitation of 810 mm. The entire metropolitan area has a population of more than 5 million. Although it is located in the tropics, due to its high terrain and mild climate, there are no four seasons, only rainy and dry seasons.

Caracas has convenient transportation. The subway was built in 1983 and has 5 lines. Calculated by car traffic per square kilometer, it is one of the cities with the most cars in the world. 64% of residents' households own cars, and 90% of them drive cars to and from get off work. Gasoline here is very cheap and transportation is developed. There is a highway to the north leading to the outer port of La Guaira, a railway and the Pan-American Highway to the west to Barquisimeto, and Llanos and other highways to the east leading to the east and south. City.

Reference for the above content: Baidu Encyclopedia—Venezuela