How poor is Venezuela?

By 2023, the poverty rate in Venezuela has exceeded 90%.

It is also the largest oil producer in the world. It is reported that Venezuela has proven oil reserves as high as 300 billion barrels, ranking first in the world.

Venezuela's oil exploitation is difficult and costly. In the early days, Venezuela could only rely on the technology and equipment of western countries to exploit oil, and it didn't make much profit. Even if the oil exploitation right was later recovered, a perfect oil industry chain and market were not established.

Venezuela's oil exports are limited and its income is low. Due to its geographical location, Venezuela's oil export costs are high and its competitiveness is low. Moreover, under the naval blockade and sanctions of the United States, it is even more difficult for Venezuela to transport oil out.

Venezuela's economy is too dependent on oil, which is risky. 2/kloc-at the beginning of the 20th century, the international oil price dropped sharply, which had a great impact on Venezuela. Venezuela has no other economic pillars, nor does it have enough foreign exchange and gold reserves to cope with the crisis. In this case, Venezuela has to borrow money from other countries to keep the country running.

Venezuela's national topography can be divided into three regions:

Northwest and northern mountainous areas, mainly Merida Mountain, the northeast branch of the Andes, are the largest mountains in China, with snow all year round, glaciers on the top and frequent earthquakes.

Bolivar Peak is 5007 meters above sea level, which is the highest point in China. In the northwest of Merida Mountains, there is Lake Maracaibo, the largest lake in Latin America, with an area of 14344 square kilometers, bordering the Caribbean Sea in the north and the deepest point in the south reaching 250 meters. The water is light in the south and slightly salty in the north. The swamp lowlands around the lake area are world-famous oil-producing areas.

The central part of Orinoco River Plain, the western part of the plain is grassland, and the eastern part of the plain is delta swamp formed by Orinoco River Estuary.

Guyana Plateau is located in the southeast, with an altitude of 500-800 meters. Angel Waterfall (979 meters), the largest waterfall in the world, is located on the tributary of the middle reaches of Karoni River.

Reference to the above content: Baidu Encyclopedia-Venezuela