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  Venezuela
 
Economy
 
The petroleum sector dominates Venezuela's mixed economy, accounting for roughly a third of GDP, around 80% of exports, and more than half of government revenues. The country's main petroleum deposits are located around and beneath Lake Maracaibo, the Gulf of Venezuela, and in the Orinoco River basin, where the country's largest reserve is located.
 
Natural Resources & Industries
 
Amazingly it could be mistaken for another Arabian country the oil reserves are vast, where one ends up finding oil anyway The natural resources are petroleum, natural gas, iron ore, gold, bauxite, other minerals, hydropower and diamonds. Its major industries include Petroleum ,Iron, Steel, and Aluminum, Agriculture, Banking, Tourism, Fishing and Insurance.
 
Trading Partners
 

Its major trading partners include U.S., Netherlands Antilles, Dominican Republic, Colombia, Brazil, Mexico.

 
Exports
 

It is a major exporter of petroleum, bauxite and aluminum, steel, chemicals, agricultural products, basic manufactures.

 
Strides and Advances
 
Venezuela  has a strong  communications systems with 4216 million lines. Its telephones have been 968,400 in the year 2006 and mobile cellular users which comprises of 12.496 million. It has radio broadcast stations such as AM 201, and shortwave 11. Radios alone account for 10.75 million users as per  (1997) estimates. It has 4.1 million users. It  has 51,968  Internet Service Providers according to 2006 year estimate.  Its Internet users 3.04 million users.

The Highways alone total: 96,155 km and paved paths include32,308 km. Its  unpaved paths 63,847 km (1999 est.).Its ports and harbors include Amuay, Bajo Grande, El Tablazo, La Guaira, La Salina, Maracaibo, Matanzas, Palua, Puerto Cabello, Puerto la Cruz, Puerto Ordaz, Puerto Sucre, Punta Cardon. It has 375 airports.

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