What is Venezuela known for?

It 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.

What are 5 interesting facts about Venezuela?

10 Fun Facts about Venezuela

  • #1 Venezuela is home to the world’s largest rodent.
  • #2 It’s a place where traditional toys get along with modern playing trinkets.
  • #3 Colorful neighbors of Caracas.
  • #4 It is a country where not all of the mountains have a peak.
  • #5 Home to the world’s highest waterfall.

Is Venezuela a rich or poor country?

The 2019–2020 National Survey of Living Conditions (ENCOVI, for Encuesta Nacional de Condiciones de Vida) — published by researchers at Andrés Bello Catholic University in Caracas — shows that poverty levels in Venezuela spiked during 2019, officially rendering it the poorest country in Latin America and the Caribbean.

Why did Venezuela fail?

Political corruption, chronic shortages of food and medicine, closure of businesses, unemployment, deterioration of productivity, authoritarianism, human rights violations, gross economic mismanagement and high dependence on oil have also contributed to the worsening crisis.

What do people from Venezuela do for fun?

Venezuelan teenagers love spending time with their families, or socializing with friends. They enjoy dancing and music from all over the Caribbean and the rest of the world. They will be happy to show you their moves and teach you how to dance!

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What is considered rude in Venezuela?

The North American “O.K.” sign is extremely rude. Pointing with your index finger can be considered rude. Motioning with your entire hand is more polite. Always maintain eye contact when talking.

What is the national drink of Venezuela?

Rum is also Venezuela’s national spirit, so let me share these appealing pictures of a guarapita: our national rum punch, our initiation concoction, the first alcoholic drink Venezuelans have. Everybody likes and makes guarapitas.

Is Venezuela the 33rd largest country?

Venezuela is considered to be one of the world’s most mega-diverse countries due to its large variety of wildlife and habitats. Venezuela covers an area of 353,841 square miles. The population of Venezuela today is approximately 28.5 million people. … Venezuela is the 33rd largest country in the world.