From 2017 to 2021, the share of households living under the poverty line in Venezuela has been surpassing 90 percent. In addition, more than six out of every ten households (67.97 percent) lived in extreme poverty in 2021. The overall household poverty rate in Venezuela has registered a steady growth from 2014 to 2019, after having remained relatively stable, below 40 percent, since 2005. Although poverty is widespread among the population as a whole, some groups are more vulnerable than others. That is the case of younger generations and particularly children: 98.03 percent of Venezuelans aged 15 or younger lived in poverty in 2021. An economy in disarray Venezuela, the country with the largest oil reserves in the world and whose economy has been largely dependent on oil revenues for decades, was once one of the most prosperous countries in Latin America. Today, hyperinflation and an astronomic public debt are only some of the many pressing concerns that affect the domestic economy. The socio-economic consequences of the crisis As a result of the economic recession, more than half of the population in every state in Venezuela lives in extreme poverty. This issue is particularly noteworthy in the states of Amazonas, Monagas, and Falcón, where the extreme poverty rate hovers over 80 percent. Such alarming levels of poverty, together with persistent food shortages, provoked a rapid increase in undernourishment, which was estimated at 17.9 percent between 2020 and 2022. The combination of humanitarian crisis, political turmoil and economic havoc led to the Venezuelan refugee and migrant crisis. As of 2020, more than five million Venezuelans had fled their home country, with neighboring Colombia being the main country of destination.

Amazonas, a sparsely populated state located in the southern part of Venezuela, is the region with the highest poverty rate in Venezuela. In 2021, 99 percent of the population in Amazonas state was considered to live below the poverty line. Yaracuy and Sucre were other Venezuelan states that registered the highest poverty rates that year, both above 97 percent. More than half of households in Venezuela are estimated to be under extreme poverty.

In 2021, the national poverty rate of Venezuela was reported at 94.46 percent. In comparison, more women than men were estimated to live in poverty. Up to 95.1 percent of the female population in Venezuela lived in poverty, whereas the male poverty rate stood 1.34 percentage points lower. Younger segments of the Venezuelan population registered higher poverty rates than the national average.

Historical dataset showing Venezuela poverty rate by year from 1981 to 2006.

Poverty rate at $1.9 a day of Venezuela (Bolivarian Republic of) plummeted by 46.41% from 18.10 % in 2005 to 9.70 % in 2006. Since the 22.62% surge in 2003, poverty rate at $1.9 a day sank by 64.21% in 2006. Population below $1.9 a day is the percentage of the population living on less than $1.9 a day at 2005 international prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.

Amazonas, one of the 24 Venezuelan federal entities, registered the highest extreme poverty rate in the country in 2021. That year, around 87 percent of the population of Amazonas was considered to live below the extreme poverty line. Monagas was the Venezuelan state with the second highest extreme poverty rate, at 86 percent. More than half of households in Venezuela are estimated to be under extreme poverty.

Number of poor at $1.9 a day of Venezuela (Bolivarian Republic of) plummeted by 51.35% from 3.7 million persons in 2005 to 1.8 million persons in 2006. Since the 23.08% surge in 2003, number of poor at $1.9 a day sank by 62.50% in 2006. Number of people, in millions, living on less than $1.90 a day at 2011 PPP is calculated by multiplying the poverty rate and the population. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.

The municipalities of Manapiare and Bolívar, located in the Venezuelan states of Amazonas and Falcón, respectively, registered the highest share of population living under the poverty line in the country in 2021. That year, almost the entire population of these municipalities was reported to be living in poverty. All the 25 Venezuelan cities listed in this statistic had at least 99.7 percent of their population living under the poverty line.

Poverty rate at national poverty line of Venezuela (Bolivarian Republic of) leapt by 12.20% from 29.5 % in 2014 to 33.1 % in 2015. Since the 0.73% downward trend in 2012, poverty rate at national poverty line rocketed by 21.69% in 2015. National poverty rate is the percentage of the population living below the national poverty line. National estimates are based on population-weighted subgroup estimates from household surveys.

Question 2.3.4d: From 2015 onwards, have withdrawals and spending from the sovereign wealth fund actually passed through the national budget?

6.7 (%) in 2006. Poverty headcount ratio at $1.90 a day is the percentage of the population living on less than $1.90 a day at 2011 international prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.

In Venezuela, as of 2024, the food insecurity index has been highest among the population who expressed concerns about running out of food, registering at **** percent. This group was followed by those who reported compromising their diet by eating less healthy food and experiencing variations in their food consumption.

Venezuela VE: IMF Account: Fund Position: USD: UFC: Outstanding Loans: Structural Adj. Facility, Poverty Reduction and Growth Facility & Trust Fund data was reported at 0.000 USD mn in Jun 2018. This stayed constant from the previous number of 0.000 USD mn for Mar 2018. Venezuela VE: IMF Account: Fund Position: USD: UFC: Outstanding Loans: Structural Adj. Facility, Poverty Reduction and Growth Facility & Trust Fund data is updated quarterly, averaging 0.000 USD mn from Mar 1945 (Median) to Jun 2018, with 294 observations. Venezuela VE: IMF Account: Fund Position: USD: UFC: Outstanding Loans: Structural Adj. Facility, Poverty Reduction and Growth Facility & Trust Fund data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Venezuela – Table VE.IMF.IFS: IMF Account: Fund Position: Quarterly.

1,8 (milhões) in 2006. Number of people, in millions, living on less than $1.90 a day at 2011 PPP is calculated by multiplying the poverty rate and the population. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.

The annual end-of-period inflation rate of Venezuela was estimated at approximately 47.17 percent in 2024. Between 1985 and 2024, the rate rose by around 38.05 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. From 2024 to 2026, the rate will increase by about 171.05 percentage points.The International Monetary Fund describes this indicator as a measure of inflation based upon the year-on-year percent change in the end-of-period consumer price index (CPI). The said index measure is based upon the cost of a typical basket of goods and services at the end of a given time period.

Income share held by fourth 20% of Venezuela (Bolivarian Republic of) climb by 1.84% from 21.70 % in 2005 to 22.10 % in 2006. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.

Определение: Крайняя бедность и уровень бедности в соответствии с национальными показателями и определениями. [Переведено с en: английского языка] Тематическая область: Социальные показатели и статистика [Переведено с en: английского языка] Область применения: Бедность [Переведено с en: английского языка] Единица измерения: Процент [Переведено с en: английского языка] Примечание: ЦУР: Дополнительный показатель, предложенный ЭКЛАК, Цель 1 / Задача 1.2 / Показатель 1.2.1 [Переведено с es: испанского языка] Источник данных: Бюллетени [Переведено с es: испанского языка] Последнее обновление: Nov 23 2023 10:30AM Организация-источник: Национальный статистический институт Боливарианской Республики Венесуэла [Переведено с en: английского языка] Definition: Extreme poverty and poverty rate according to national measurements and definitions. Thematic Area: Social Indicators and Statistics Application Area: Poverty Unit of Measurement: Percentage Note: SDG: Additional proposed indicator by ECLAC, Goal 1 / Target 1.2 / Indicator 1.2.1 Data Source: Bulletins Last Update: Nov 23 2023 10:30AM Source Organization: National Statistics Institute of the Bolivarian Republic of Venezuela

In 2024, the unemployment rate in Venezuela amounted to 5.48 percent. Between 1991 and 2024, the figure dropped by 3.97 percentage points, though the decline followed an uneven course rather than a steady trajectory.

In Venezuela in 2021, the prevalence of individuals experiencing moderate to severe food insecurity was more pronounced in the state of Amazonas, reaching **** percent. Food insecurity is defined as a condition where individuals lack consistent access to an adequate supply of safe and nutritious food essential for normal growth, development, and a healthy, active life.

Income share held by third 20% of Venezuela (Bolivarian Republic of) surged by 5.04% from 13.90 % in 2005 to 14.60 % in 2006. Since the 1.46% dip in 2002, income share held by third 20% leapt by 8.15% in 2006. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.