In 1811, it became one of the first Spanish-American territories to declare independence from the Spanish and to form part, as a department, of the first federal Republic of Colombia (historiographically known as Gran Colombia).
It separated as a full sovereign country in 1830.
Since 1958, the country has had a series of democratic governments, as an exception where most of the region was ruled by military dictatorships, and the period was characterized by economic prosperity.
Economic shocks in the 1980s and 1990s led to major political crises and widespread social unrest, including the deadly Caracazo riots of 1989, two attempted coups in 1992, and the impeachment of a President for embezzlement of public funds charges in 1993.
Economic shocks in the 1980s and 1990s led to major political crises and widespread social unrest, including the deadly Caracazo riots of 1989, two attempted coups in 1992, and the impeachment of a President for embezzlement of public funds charges in 1993.
Economic shocks in the 1980s and 1990s led to major political crises and widespread social unrest, including the deadly Caracazo riots of 1989, two attempted coups in 1992, and the impeachment of a President for embezzlement of public funds charges in 1993.
Economic shocks in the 1980s and 1990s led to major political crises and widespread social unrest, including the deadly Caracazo riots of 1989, two attempted coups in 1992, and the impeachment of a President for embezzlement of public funds charges in 1993.
Economic shocks in the 1980s and 1990s led to major political crises and widespread social unrest, including the deadly Caracazo riots of 1989, two attempted coups in 1992, and the impeachment of a President for embezzlement of public funds charges in 1993.
The collapse in confidence in the existing parties saw the 1998 Venezuelan presidential election, the catalyst for the Bolivarian Revolution, which began with a 1999 Constituent Assembly, where a new Constitution of Venezuela was imposed.
"Economic growth and the redistribution of resources associated with these missions have led to an important decline in moderate poverty, from 50% in 1998 to about 30% in 2012.
Likewise, inequality has decreased, reducing the Gini Index from 0.49 in 1998 to 0.39 in 2012, which is among the lowest in the region." The 2013 Venezuelan presidential election was widely disputed leading to widespread protest, which triggered another nationwide crisis that continues to this day. Venezuela is a developing country and ranks 113th on the Human Development Index.
The collapse in confidence in the existing parties saw the 1998 Venezuelan presidential election, the catalyst for the Bolivarian Revolution, which began with a 1999 Constituent Assembly, where a new Constitution of Venezuela was imposed.
Venezuela Leads Region in Poverty Reduction in 2012, ECLAC Says.
"Economic growth and the redistribution of resources associated with these missions have led to an important decline in moderate poverty, from 50% in 1998 to about 30% in 2012.
Likewise, inequality has decreased, reducing the Gini Index from 0.49 in 1998 to 0.39 in 2012, which is among the lowest in the region." The 2013 Venezuelan presidential election was widely disputed leading to widespread protest, which triggered another nationwide crisis that continues to this day. Venezuela is a developing country and ranks 113th on the Human Development Index.
The government populist social welfare policies were bolstered by soaring oil prices, temporarily increasing social spending, and reducing economic inequality and poverty in the early years of the regime.Kevin Voigt (6 March 2013).
Retrieved 5 April 2014.Dan Beeton and Joe Sammut (6 December 2013).
Likewise, inequality has decreased, reducing the Gini Index from 0.49 in 1998 to 0.39 in 2012, which is among the lowest in the region." The 2013 Venezuelan presidential election was widely disputed leading to widespread protest, which triggered another nationwide crisis that continues to this day. Venezuela is a developing country and ranks 113th on the Human Development Index.
Retrieved 5 April 2014.Dan Beeton and Joe Sammut (6 December 2013).
Retrieved 5 April 2014.Venezuela Overview.
Last updated 17 November 2014.
The country struggles with record [news |last1=Rosati |first1=Andrew |title=Venezuela's 2018 Inflation to Hit 1.37 Million Percent, IMF Says |url=https://www.bloomberg.com/news/articles/2018-10-09/venezuela-s-2018-inflation-to-hit-1-37-million-percent-imf-says |access-date=9 October 2018 |work=
It has a territorial extension of 916,445 km2 (353,841 sq mi), and the population of Venezuela was estimated at 28 million in 2019.
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