Why is Venezuela a developing country?

Answer 1

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.

Answer 2

Oil has helped Venezuela develop.