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Wiki User
∙ 12y agoWell there have been many discussions about whether it is because it is quite a rich country. But when you compare it to the UK, the GNP in 1999 in the UK was 1338.1 billion dollars while in Venezuela it was 87.0 billion dollars. So it is still considered an LEDC but is developing.
Wiki User
∙ 15y agono its a NIC. Newly Industrialised Country
Wiki User
∙ 13y agoWiki User
∙ 11y agoyes it is
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Is central Africa a ledc or medc country?
It is a LEDC country.
Is Mongolia an medc or ledc country?
it is an LEDC
Is Fiji an LEDC country?
According to wikipedia, yes - fiji is an LEDC country.
Is Angola a MEDC or LEDC country?
LEDC or Less Econimically Developed Country.
How many African countries have LEDC?
It is a LEDC country.
Is paraguay an medc or ledc country?
iS Paragauy a MEDC or LEDC
Is China a LEDC?
It is not an MEDC nor a LEDC, it is a NIC (Newly industralized country)
What are factories in LEDC?
Ledc (less economically developed country). Its just a factory in a poor country.
What does ledc stand for?
what does LEDC stand for?Less economy developed country
Is South Africa an LEDC or Less Economically Developed Country?
Less Economically Developed Country means ledc. So your answer is infact yes it is a ledc place by Sophie louise court
What is an Example of a LEDC?
An LEDC is a 'Less Economically Developed Country' such as Kenya which is also referred to as a third world country.
Why is Sri Lanka LEDC?
Sri Lanka is not an LEDC. It is a middle income country.
