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General elections were held in Venezuela on 4 December 1988. The presidential elections were won by Carlos Andrés Pérez of Democratic Action, who received 52.9% of the vote, whilst his party won the most seats in the Chamber of Deputies and Senate. Voter turnout was 81.9% in the presidential election and 81.7% in the Congressional elections.
Democratic Action President Jaime Lusinchi backed Octavio Lepage to succeed him as the party's candidate for the election, but in a primary election the party chose Carlos Andrés Pérez, (previously president from 1973 to 1978).