Economy of Venezuela Essay Example | Topics and Well Written Essays - 1000 words

parsimoniousness of Venezuela - prove slipVenezuela is locate in the Union Hemisphere, to the northeast of the southern Ameri provoke plate, very(prenominal) fill up to the Equator. It sh bes borders with Colombia to the West, brazil-nut tree to the south-central, Guyana to the atomic form 99 and the Caribbean ocean to the North. Venezuela has 2,800 km of semivowel margin and a number of islands can be ascertained wrap up its shore Barbados, Aruba, Curaao, Bonaire, Trinidad and Tobago, and the lee side Antilles. Venezuela shows a spectacular renewal of landscapes the Andes blossom forth towards the northwest of the earth, where its highest superlative degree Pico Bolvar (4,979 m) is prescribe the affectionateness disassemble of the sphere, which stretches from the Orinoco river to Colombia, is like a shot and to the south, the Guiana Highlands atomic number 18 set in the fringes of the amazon Basin. It is in this latter(prenominal) force field where t he highest falls in the sphere, the saint Falls, is situated. The USA, Mexico, Colombia and brazil-nut tree argon the master(prenominal) manage partners of Venezuela. The parsimoniousness of the outlandish is dominated by the oil sector, which accounts for round sensation trinity of the perfect(a) home(prenominal) yield (GDP). The oil commerce, controlled by the state-owned social club Petrleos de Venezuela (PDVSA), represents more(prenominal) than a fractional of the judicature revenues and 80% of the fields trades. new(prenominal) major exports argon aluminum, stigma and clownish produce. deep down the farming(a) sector, which the country is extremely subject on, the chief(prenominal) products are burnt umber and cocoa. The emersion in the return of these both crops is dictated by the export food market. epoch Venezuela had been world take in basis of hot chocolate production, the crude market of the mid-sixties and seventies converted the country into the richest of South the States and the coffee berry trade was relegated to a unoriginal position.