Venezuela Latest News and Politics

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All the latest breaking news on Venezuela. Browse ibtimes archives of photos, videos and articles on Venezuela. Stay informed with the latest news, video, live updates and expert analysis about Venezuela from across the BBC. Stay on top of Venezuela latest developments on the ground with Al Jazeera’s fact-based news, exclusive video footage, photos and updated maps. Venezuela is a developing country, has the world's largest known oil reserves, and has been one of the world's leading exporters of oil. Previously, the country was an underdeveloped exporter of agricultural commodities such as coffee and cocoa, but oil quickly came to dominate exports and government revenues.

Venezuela, country located at the northern end of South America, occupying a roughly triangular area. Venezuela is bounded by the Caribbean Sea and the Atlantic Ocean to the north, Guyana to the east, Brazil to the south, and Colombia to the southwest and west. The national capital is Caracas. Última hora y noticias de Venezuela. Situación política y de la oposición, crisis, economía y más. Actualidad, análisis y vídeos. By 2014, Venezuela had entered an economic recession. The economy contracted by 4.8%, 4.9% and 2.3% in the first three quarters of the year. 12-month inflation reached 63.6%. Oil exports fell by 14.2%. Despite poor GDP growth, some social indicators continued to improve. Extreme poverty was reduced to 5.4% and unemployment fell to 5.9%. [141]