Economy

Useful information about economy issues in Venezuela

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Economy

Reviewed by: Editorial Staff

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Venezuela has a mixed economy, which is completely dependent on the petroleum sector. The agricultural sector is also very integral to Venezuelan economy. The products of coffee and cocoa have tremendous export potential.

The most expensive place in the country is Caracas while the least expensive is Merida. The most inexpensive way to travel between cities is buses. Though more expensive, taxis are better while travelling within a city.