Caracas, officially Santiago de León de Caracas, is the capital and largest city of Venezuela. Caracas is located in the northern part of the country, following the contours of the narrow Caracas Valley on the Venezuelan coastal mountain range (Cordillera de la Costa). Terrain suitable for building lies between 760 and 910 m (2,490 and 2,990 ft) above sea level. The valley is close to the Caribbean Sea, separated from the coast by a steep 2,200 m (7,200 ft) high mountain range, Cerro El Ávila; to the south there are more hills and mountains.
Metropolitan District of Caracas includes the Distrito Capital and four other municipalities in Miranda State: Chacao, Baruta, Sucre, and El Hatillo. The Distrito Capital had a population of 1,943,901 as of 2011, while that of Metropolitan District of Caracas was estimated at 3,055,000 as of (2013).
EconomyBusinesses that are located here include service companies, banks, and malls, among others. It has a largely service-based economy, apart from some industrial activity in its metropolitan area. The Caracas Stock Exchange and Petróleos de Venezuela (PDVSA) are headquartered here. The PDVSA is the largest company in Venezuela, and negotiates all the international agreements for the distribution and export of petroleum. When the company existed, the airline Viasa had its headquarters in the Torre Viasa.
Caracas' central business district is Milla de Oro, which is located in the north of the Baruta municipality and the south of the Chacao municipality, it is one of largest financial districts of Latin America, it is home to many companies and is dominated by numerous high-rises. Other important business districts include Plaza Venezuela, Parque Central Complex and El Recreo.
Small and medium-size industry contributes to the Caracas economy. The city provides communication and transportation infrastructure between the metropolitan area and the rest of the country. Important industries in Caracas include chemicals, textiles, leather, food, iron and wood products. There are also rubber and cement factories. Its GDP(Nominal) is 69 billion$ and the GDP(PPP) per Capita is 24.000$.