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What resource produces most of the economic wealth of Venezuela Mexico and Ecuador?

Updated: 8/22/2023

Wiki User

∙ 7y ago

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Crude petroleum is the commodity that generates the most revenue among the three Latin American countries. Amount and percentage of exports for 2013 is provided:

Venezuela: USD 128 billion (89% of total exports)
Mexico: USD 41.6 billion (11% of total exports)
Ecuador: USD 13.7 billion (51% of total exports)

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∙ 7y ago

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Continue Learning about Economics

What type of an economic system is Venezuela?

Venezuela has a more communist than capital economy.

What type of economic system does Ecuador have?

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What is Ecuador's economic system?

Ecuador is actually mixed. The government has some involvement, but they allow people to trade and export and import.

Which countries are part od OPEC?

The OPEC Member Counties are: Algeria Angola Ecuador Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia United Arab Emirates Venezuela

What nations are in OPEC?

Algeria,Angola,Ecuador,Iran,Iraq,Kuwait,libya,nigeria,qatar,Saudi Arabia,united Arab emiartes,Venezuela

Related questions

What resource does Mexico Ecuador and Venezuela have in common?

Oil (petroleum)

Which resource is most abundant in the latin America north of the equator?

Oil (Ecuador, Colombia, Venezuela, Mexico) and Silver (Mexico)

What are differences between Venezuela and Ecuador?

The main difference between Venezuela and Ecuador is the cost of living. It is much cheaper to live in Venezuela than it is in Ecuador. However, Venezuela is poverty stricken.

What type of an economic system is Venezuela?

Venezuela has a more communist than capital economy.

What countries border Columbia?

Venezuela, Peru, Ecuador and Brazil,

Is Venezuela above or below the Ecuador?

Ecuador borders with Colombia to the North and Peru to the South. Venezuela is located North of Colombia.

What is the boardring country's of Columbia?

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Which nation is located between Venezuela and Ecuador?

Colombia

The Viceroyalty of New Granada consisted of which states?

The Viceroyalty of New Granada consisted of present-day Colombia, Ecuador, Panama, and Venezuela.

What are some countries that border colombia?

Venezuela , Peru, Ecuador

How do you watch Ecuador vs Venezuela online for free?

yes

Is Venezuela a communist country?

The answers is No.

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