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What are Venezuela's main economic activities?

Updated: 8/22/2023

Wiki User

∙ 13y ago

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Venezuela's economy is highly dependent on oil exports. The recent fall in oil prices has damaged the economy there. prices can fluctuate so there is always a chance that their economy will improve if and when oil prices rise.

Wiki User

∙ 9y ago

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Wiki User

∙ 13y ago

It's #1 economic resource is its amount of oil.

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Wiki User

∙ 12y ago

venezuelas biggest economic activity is farming

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Wiki User

∙ 13y ago

Sports music and dancing

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Venezuela has several main economic activities. Two of the most popular, however, are oil, as well as the process of refining.

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