Hard Numbers

Hard numbers: Venezuela edition

Venezuelans living in Colombia hold flags as they gather at Plaza de Bolivar to celebrate after U.S. President Donald Trump said the U.S. has struckVenezuela and captured its President Nicolas Maduro and his wife Cilia Flores, in Bogota, Colombia, January 3, 2026.
Venezuelans living in Colombia hold flags as they gather at Plaza de Bolivar to celebrate after U.S. President Donald Trump said the U.S. has struckVenezuela and captured its President Nicolas Maduro and his wife Cilia Flores, in Bogota, Colombia, January 3, 2026.
REUTERS/Andres Galeano
303 billion: Venezuela is home to 303 billion barrels of oil reserves – the largest of any country, accounting for nearly a fifth of all proven reserves in the world. Proven reserves refers to oil that is known to exist and could be extracted with current technology.

36: Does history rhyme? Maybe not in general, but every so often there is a choice couplet: Maduro’s capture came 36 years to the day after the US arrested Panamanian president Manuel Noriega, a former CIA ally whose falling out with Washington led to his prosecution on drug charges. For more on that, see (and hear) Ian Bremmer’s explainer here.

26: The far-left Bolivarian Revolutionary Socialist movement, led first by Maduro’s charismatic predecessor Hugo Chávez, has held power in Venezuela for 26 years. Chávez won a (legitimate) election in 1998 and assumed power in 1999. Maduro took over after his death in 2013. As part of this morning’s operation to depose Maduro, the US reportedly conducted an airstrike on the mausoleum holding Chavez’s remains.

8 million: Since 2014, nearly 8 million Venezuelans – close to a third of the population – have fled economic crisis and political repression, making it one of the two largest refugee crises in the world, alongside Syria. Colombia alone has absorbed nearly 3 million. About 770,000 went to the United States.

More For You

GZERO Media is back on the podium at the 47th Annual Telly Awards, adding six more trophies to our shelf — including three in Gold! We’re so grateful to be recognized for our groundbreaking work in global analysis and… *checks notes*... geopolitical puppetry.

A demonstrator throws a tear gas canister back towards the police during a march calling for the resignation of Bolivia's President Rodrigo Paz, as the country's economic and fuel crisis worsens due to a shortage of U.S. dollars and falling domestic energy production, in La Paz, Bolivia May 18, 2026.
REUTERS/Claudia Morales

Two weeks of protests have paralyzed Bolivia's capital, La Paz, costing businesses $50 million a day amid the country's worst economic crisis in 40 years. Unions are calling for the resignation of President Rodrigo Paz, just six months into his tenure.

Japanese Prime Minister Sanae Takaichi (L) and South Korean President Lee Jae Myung shake hands after a press event following their talks in Andong, South Korea, on May 19, 2026.
Kyodo via Reuters Connect

Japanese PM Sanae Takaichi and South Korean President Lee Jae Myung meet this week for a two-day summit focused on security, energy, and critical minerals. The two leaders appear to differ on China’s engagement in the future of the region.