No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsArts and CultureQuick Venezuela facts on Election Day

Quick Venezuela facts on Election Day

CARACAS, Venezuela –Here are some facts about Venezuela, which votes on Sunday in elections that could see the opposition win control of the legislature:

History

Explorer Christopher Columbus reached the Caribbean shores of what is now Venezuela in 1498. The country declared independence from colonial power Spain in 1810 under national hero Simón Bolívar. After decades of wars, coups and dictatorships, it entered a period of two-party democracy in 1958.

Politics

Nicolás Maduro was elected president in 2013 after his predecessor and mentor Hugo Chávez died. The legislature is the single-chamber, 167-seat National Assembly. The broad opposition alliance Democratic Unity Roundtable is contending for seats with Maduro’s United Socialist Party of Venezuela and other minor allies.

Venezuela facts: Nicolás Maduro and Andrés Pastrana
Juan Barreto/AFP

Society

Population: 30 million, mostly city-dwelling, virtually all Spanish-speaking and Roman Catholic with a Protestant minority. A mixture of descendants of indigenous groups, Europeans, Africans and Arabs.

Venezuela facts: currency
Luis Robayo/AFP

Economy

The International Monetary Fund estimates the economy will shrink by 10 percent this year. Inflation is estimated at up to 205 percent by economists, 85 percent by Maduro. Minimum monthly salary is $1,500 at the official fixed exchange rate for the Bolivar currency, but at the black market rate this falls to just $11.

Oil

Venezuela has the largest proven oil reserves in the world, according to oil producers’ organization OPEC: almost 300 billion barrels. It produces nearly 2.7 million barrels a day. But the price has fallen from over $100 a barrel last year to around $34 in the week before the election, the oil ministry said.

Venezuela facts: Graffiti
Luis Robayo/AFP

Security

The United Nations calculates that Venezuela has the second-highest murder rate in the world after Honduras. In 2014 there were 62 murders per 100,000 people, the country’s attorney general said this year.

World relations

Since the time of socialist firebrand Chávez, Venezuela has cultivated ties with Cuba, Russia and Iran while scorning the “imperialist” United States and riling some European powers. Venezuela claims part of the territory of the neighboring English-speaking Caribbean nation of Guyana.

Venezuela facts: Baseball
Federico Parra/AFP

Sports

Venezuelan sporting stars include the Major League Baseball player Miguel Cabrera of the Detroit Tigers. In football, burly striker José Salomón Rondón plays for West Bromwich Albion in the English Premier League and midfielder Tomás Rincón for Italian Serie A side Genoa.

Venezuela facts: Supermarket line
Luis Robayo/AFP

Culture

Famous Venezuelans include the classical conductor Gustavo Dudamel, musical director of the Los Angeles Philharmonic. Beauty queen Gabriela Isler was Miss Universe in 2013 — one of three Venezuelans to have won the contest in the past six years. Top Venezuelan actor Edgar Ramírez has appeared in Hollywood films such as “The Bourne Ultimatum.”

Venezuela facts: Ballot
Luis Robayo/AFP

Trending Now

Panama Canal Monitors Maritime Trade After Iran Conflict

The Panama Canal Authority said Monday it is tracking changes in global shipping patterns after U.S. and Israeli strikes on Iran triggered retaliation and...

Costa Rica Closed 2025 with 98.6 Percent Renewable Electricity Generation

Costa Rica generated 98.6 percent of its electricity from renewable sources in 2025, marking a strong rebound from the previous year's challenges. The Instituto...

New York marks 100-day countdown to 2026 World Cup with Empire State lighting

New York's Empire State Building was illuminated in the colors of the flags of 2026 World Cup hosts Mexico, Canada and the United States...

Questions Rise Over Visas and Security before FIFA’s 2026 World Cup

Donald Trump's brutal immigration crackdown, polarized politics and a war unleashed on Iran have tarnished the global image of the United States just under...

US Israel Iran War Spreads as Hezbollah Enters Fighting and UK Base in Cyprus Hit

The war launched by the United States and Israel against Iran spread across the Middle East and beyond on Monday with Lebanon's Hezbollah entering...

New Costa Rica Soccer Coach Promises Sacrifice and Discipline

New Costa Rica head coach Fernando Batista pledged hard work, sacrifice and strict discipline as he begins his mission to qualify the national team...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica