Venezuela explained in 10 maps and charts
6 days ago
- #Oil economy
- #Venezuela
- #US-Venezuela relations
- Venezuela's political and economic landscape is visualized through 10 maps and charts.
- The US designated Venezuela's 'Cartel de los Soles' as a 'foreign terrorist organization' and plans to combat drug trafficking.
- Venezuelan President Nicolas Maduro denies US accusations of corruption and drug trafficking.
- US military presence in the Caribbean is seen by Venezuela as a pretext for imperialist plans.
- Venezuela's economy is heavily reliant on oil, leading to instability and mass migration.
- Venezuela has the world's largest proven oil reserves but struggles with production and exports.
- The country's GDP shrank by over 70% from 2014 to 2024, with slight recovery in 2023.
- Venezuela's migration crisis has led to over 1.4 million people emigrating in 2018 alone.
- Unemployment in Venezuela stood at 5.5% in 2024, with historical highs of 21% in 2003.
- Venezuela's military is weakened by economic decline but maintains ties with China, Russia, Iran, and Cuba.
- The US has conducted military strikes in the Caribbean, targeting alleged drug-trafficking routes.
- Venezuela plays a minor role in the global drug trade, mostly as a transit route for cocaine.