Venezuela is a South American nation. Venezuela, which borders Colombia to the west, Guyana to the east, and Brazil to the south, is located on the main sea and air routes connecting North and South America. The Caribbean islands of Aruba, Bonaire, Curaçao, and Trinidad and Tobago are located off Venezuela’s coast.
Angel Falls (Kerepakupai Vená), located in the Guiana Highlands, is the world’s tallest waterfall and a popular tourist destination in Venezuela.
Venezuela’s economy is highly dependent on oil exports. Venezuela thrived during a period of record oil prices, and its left-wing government made a variety of essential goods accessible to the populace at artificially cheap rates. When oil prices collapsed in 2014, the value of Venezuela’s bolivar currency fell, resulting in widespread shortages of essential goods in shops. There is rampant crime, long lines for meager supplies, and critical medications are sparse or unavailable. Rather than Colombians sneaking into Venezuelan stores to purchase at enticing, discounted rates, Venezuelans are fleeing the country since the shelves are empty.
Due to the very high rate of inflation currently in effect, the majority of the prices stated in this and other pertinent articles will eventually become obsolete.