What resources are scarce in Venezuela?

There are shortages of milk, meat, coffee, rice, oil, precooked flour, butter, toilet paper, personal hygiene products and medicines. By January 2017, the shortage of medicines reached 85%, according to the Pharmaceutical Federation of Venezuela (Federación Farmacéutica de Venezuela).

What resources does Venezuela need?

Apart from petroleum, the country’s natural resources include natural gas, iron ore, gold, bauxite, diamonds and other minerals. The national currency is the bolivar.

Venezuela’s Independence Day.

Population (million inhabitants) 32.25
Crude oil exports (1,000 b/d) 846.6
Exports of petroleum products (1,000 b/d) 94.7

What is causing Venezuela crisis?

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.

Is there starvation in Venezuela?

More than 5 million people have now fled the country and an estimated 91 percent of those who remain live in poverty. Nearly a third of all Venezuelans—more than 9 million people— are food insecure or malnourished. … According to the International Crisis Group, Venezuela is now on the brink of a famine.

What is Venezuela’s biggest resource?

Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Venezuela is a major producer and exporter of minerals, notably bauxite, coal, gold, iron ore, and oil, and the state controls most of the country’s vast mineral reserves.

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Why can’t Venezuela sell oil?

Venezuela has greater oil stores than any other country. But after years of corruption, mismanagement and more recently U.S. sanctions, its oil output has dropped to a tenth of what it was two decades ago. … The country is on course, by the end of this year, to be pumping little more oil than the state of Wyoming.

Did Venezuela used to be wealthy?

According to Foreign Policy magazine, “Venezuela was considered rich in the early 1960s: It produced more than 10 percent of the world’s crude and had a per capita GDP many times bigger than that of its neighbors Brazil and Colombia — and not far behind that of the United States.”

Why does Venezuela have no food?

Shortages in Venezuela of regulated food staples and basic necessities have been widespread following the enactment of price controls and other policies under the government of Hugo Chávez and exacerbated by the policy of withholding United States dollars from importers under the government of Nicolás Maduro.

What diseases are common in Venezuela?

Food borne, water borne and other infectious diseases such as HIV/AIDS, Typhoid, Chikungunya, Tuberculosis, Venezuelan haemorrhagic fever, Measles, Mumps, Cholera, Hepatitis A, Hepatitis B, Hepatitis D and Rubella occur in Venezuela, with the occasional serious outbreak.

Is Venezuela a dictatorship?

Venezuela has a presidential government. The Economist Intelligence Unit rated Venezuela an “authoritarian regime” in 2020, having the lowest score among countries in the Americas.

What percent of Venezuelans are starving?

The FAO says Venezuela now ranks second in the hemisphere in terms of malnourishment, with 21.2 percent of the population (6.8 million people) suffering from hunger.

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