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Classifications are somewhat subjective. However, GDP per capita is often one of the metrics considered. In 2009, Venezuela had a GDP per capita of $11,490 USD, whereas the United States had a GDP/capita of $45,989 USD.
Another factor is industrialization. Economies which are largely production-driven (manufacturing, mining, agriculture) are considered less industrialized, while service-driven economies are more developed.
Wiki User
∙ 12y ago
Wiki User
∙ 6y agoOil has helped Venezuela develop.
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Is Venezuela a developed or developing country?
Its a ' developing' country because the people there are either extremely rich, benefiting from the oil, or very poor who have less money from the oil. Its a fact that about 30% Venezuelans live on $2 a day! Also, Venezuela is one of the corrupt country in the world with no law regulation.
Is srilanka a developed country or a developing country?
developing country
Is Bulgaria a developed country or a developing country?
Bulgaria is a developing country
Is Brazil a developing or developed country?
Brazil is a developing country because, lot of people are still in poverty.
Is Mali a developed country or developing country?
poor coutry in mali
Is Venezuela a developed country developing emerging or underdeveloped and why?
Yes
Is Venezuela a developed or developing country?
Its a ' developing' country because the people there are either extremely rich, benefiting from the oil, or very poor who have less money from the oil. Its a fact that about 30% Venezuelans live on $2 a day! Also, Venezuela is one of the corrupt country in the world with no law regulation.
What is the biggest country in Venezuela?
Venezuela is a country.
What country is Venezuela's?
Venezuela Country Bird Is A Troupial .
What is Venezuela's country?
Venezuela Country Bird Is A Troupial .
What is the country between colombia and Guyana?
venezuela
What country is closest to Curacao?
aruba
Venezuela is in which country?
Venezuela is it's own country meaning that it is not in any country in particular.
What country is Angel Falls in?
Venezuela!!!
What European country colonized Venezuela?
Spain was the European country that colonized Venezuela.
What countries are visa free for Venezuela?
Venezuela is a country in
What kinda shape is the country Venezuela?
what shape is venezuela
