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Venezuela has experienced significant economic development during recent decades, although rapid population growth has partially offset economic gains. During the five-year period 1969-1973, the gross national product increased at an annual rate of 5.0 percent, which, coupled with population growth, yielded real per capita increases of 2.6 percent annually. Relatively smooth transition in the nationalization of the Venezuelan oil industry in 1976 presents a favorable assessment for the economy during the next decade. Yet while there has been notable progress in conventional economic indicators, there have been less rapid improvements in education, nutrition, and health. This paper examines past trends in Venezuelan population growth within the context of general social and economic development. Because of the importance of fertility in affecting population growth, particular attention is paid to fertility trends.