Hi Guys.. I hope u like this about my dear country!!
Venezuela has some of the world's largest proven oil deposits as well as huge quantities of coal, iron ore, bauxite and gold. A country of striking natural beauty, which ranges from the snow-capped Andean peaks in the west, through the Amazonian jungles in the south, to the beaches of the north, Venezuela is among the most highly urbanised countries in Latin America.
Its economic fortunes are tied to world oil prices. A 1970s boom largely benefited the middle classes, but a subsequent price collapse condemned many of this class to poverty while eroding the living standards of the already impoverished.
Unemployment is high and, according to official figures, around 60% of households are poor.
In 1998 Venezuelans broke the stranglehold of the discredited party system to elect the populist left-winger Hugo Chavez, a former army officer who has proclaimed a "Bolivarian revolution", named after South America's independence hero.
Radical reform, political unrest and deep divisions have characterised the president's term in office. His supporters - known as "chavistas" - and his detractors have staged street protests.
Venezuela under Mr Chavez has sought to strengthen its regional influence through diplomatic and economic overtures towards other South American and Caribbean nations. This has been seen, in part, as an effort to counter Washington's influence in the region.
Population: 26.6 million (UN, 2005)
Area: 881,050 sq km (340,561 sq miles)
Major languages: Spanish, indigenous languages
Major religion: Christianity
Life expectancy: 70 years (men), 76 years (women) (UN)
Monetary unit: 1 bolivar = 100 centimos
Main exports: Petroleum, bauxite and aluminium, steel, chemicals, agricultural products, basic manufactures
GNI per capita: US $4,810 (World Bank, 2006)
Internet domain: .ve
International dialling code: +58
El Nacional - Caracas-based daily
Ultimas Noticias - Caracas-based daily
El Universal - Caracas-based daily
El Mundo - Caracas-based evening daily
Panorama - Maracaibo-based daily
El Carabobeno - Valencia-based daily
Venezolana de Television - government-run
Radio Caracas Television (RCTV) - Caracas-based network
Televen - private network
Venevision - private network
Globovision - 24-hour news channel
Telesur - Caracas-based pan-American channel backed by four Latin American states
Radio Nacional de Venezuela - state broadcaster, runs 15 stations
Union Radio Noticias - commercial news network
Agencia Bolivariana de Noticias (ABN) - state-run
President: Hugo Chavez