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Venezuela is ranked 35th for it's national GDP out of all of the countries in the world, so yes compared to other countries of the world Venezuela is very wealthy this is mainly because of it's oil exportation.

No, Venezuela is not a rich country the GDP maybe high but, the GDP per capita(70th+) is not high. A countries wealth should never be measured by GDP. The best indicator of a countries wealth is GDP per capita . If you were to use GDP alone than India would be one of richest countries in the world instead of being one of the poorest countries in the world.

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14y ago

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