COUNTRY ANALYSIS

Presented byShashwat Agarwal

PGDM-IB
2016-18

VENEZUELA
INVARIANTS

Location Northern Coast of South America

Neighbors- Guyana(East), Brazil(South), Columbia(West)

VENEZUELA
INVARIANTS

Climate- Tropical.
Country Size- 916445 Sq. Km (33rd Largest)
Agricultural Land- 24.5% (3.1% Arable, 0.8% permanent
crops, 20.6% permanent pastures)
Coastline- 2800 Km
History- Independence from Spain in 1821, recognized in
1845
Population(2016 estimate)- 31.416 million
Religion- Roman Catholic(71%)
Trade Block- Mercosur (Argentina, Brazil, Paraguay, Uruguay
and Venezuela)
Immigrants- One-fourth of the contemporary population.

VENEZUELA
INVARIANTS

Nearness to Sea- Easy trade access to due to coasts on

Caribbean Sea and Atlantic Ocean. Nearness to panama canal
provides a shortcut to Pacific to trade with Asian countries.
Natural Resources- Huge natural resources of Oil. 2.8 million
barrels of oil per day.
The major mineral resources produced in the country are:
Bauxite (1.2% of global production)
Aluminum (1.1% of global production)
Nickel (1.0% of global production)
Fossil Fuels5.1 trillion meter cube natural gas reserves in Venezuela are
the second largest in the Western Hemisphere.

VENEZUELA
VARIANTS

Nature of People- Risk averse.

Society and CultureProud of their country and heritage.
Simon Bolivar, liberator of most of South America from
Spanish colonists was born there.
Very family oriented.
Nepotism considered a fair and effective practice.
Rich in hospitality and care of guests.
Population- 30.41 million (2013 data)
Literacy Rate- 15-24 age males have 98.3% literacy
15-24 age females have 98.8% literacy (UNICEF data)
102.1(per 100) mobile users and 44(per 100) internet users.

VENEZUELA
VARIANTS

Health- 100% Expanded Program on Immunization

vaccines financed by government.
Ease of doing business- Ranked 186 by world bank
group.
17 Procedures in starting a business.
144 days to start a business.
88.7% of per capita income required to set up a business.
Economic Factors- GDP is 438.3 billion USD.
HDI is 0.762.
GNI is 12460 USD.

VENEZUELA
PORTERS FIVE FORCES-