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.

VE: Poverty Headcount Ratio at National Poverty Lines: % of Population data was reported at 33.100 % in 2015. This records an increase from the previous number of 29.500 % for 2014. VE: Poverty Headcount Ratio at National Poverty Lines: % of Population data is updated yearly, averaging 33.100 % from Dec 1997 (Median) to 2015, with 19 observations. The data reached an all-time high of 55.600 % in 1997 and a record low of 26.400 % in 2009. VE: Poverty Headcount Ratio at National Poverty Lines: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Poverty. National poverty headcount ratio is the percentage of the population living below the national poverty lines. National estimates are based on population-weighted subgroup estimates from household surveys.; ; World Bank, Global Poverty Working Group. Data are compiled from official government sources or are computed by World Bank staff using national (i.e. country–specific) poverty lines.; ; This series only includes estimates that to the best of our knowledge are reasonably comparable over time for a country. Due to differences in estimation methodologies and poverty lines, estimates should not be compared across countries.

In 202!, the age group with the lowest poverty rate in Venezuela was among those aged 65 or older, with a share of 90.61 percent of this group living under the poverty line. In comparison, the highest poverty rate was registered among Venezuelans younger than 15, at 98.03 percent.

Since 2017, 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.

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.

Poverty gap at $1.9 a day of Venezuela (Bolivarian Republic of) plummeted by 54.76% from 8.4 % in 2005 to 3.8 % in 2006. Since the 22.37% surge in 2003, poverty gap at $1.9 a day sank by 59.14% in 2006. Poverty gap at $1.90 a day (2011 PPP) is the mean shortfall in income or consumption from the poverty line $1.90 a day (counting the nonpoor as having zero shortfall), expressed as a percentage of the poverty line. This measure reflects the depth of poverty as well as its incidence. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.

Poverty ratio at $1.9 a day of Venezuela (Bolivarian Republic of) plummeted by 51.80% from 13.9 % in 2005 to 6.7 % in 2006. Since the 21.29% surge in 2003, poverty ratio at $1.9 a day sank by 64.36% 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.

These data are intended for researchers, students, and policy makers for reference and mapping purposes, and may be used for basic applications such as viewing, querying, and map output production.

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.

Poverty ratio at national poverty line of Venezuela (Bolivarian Republic of) jumped by 12.20% from 29.5 % in 2014 to 33.1 % in 2015. Since the 0.73% reduction in 2012, poverty ratio at national poverty line shot up by 21.69% in 2015. National poverty headcount ratio is the percentage of the population living below the national poverty lines. National estimates are based on population-weighted subgroup estimates from household surveys.

6,4 (%) in 2006. Poverty gap at $3.20 a day (2011 PPP) is the mean shortfall in income or consumption from the poverty line $3.20 a day (counting the nonpoor as having zero shortfall), expressed as a percentage of the poverty line. This measure reflects the depth of poverty as well as its incidence.

Venezuela: Poverty ratio, percent living on less than 1.90 USD a day: Pour cet indicateur, La Banque mondiale fournit des données pour la Venezuela de 1981 à 2006. La valeur moyenne pour Venezuela pendant cette période était de 10.78 pour cent avec un minimum de 4.5 pour cent en 1992 et un maximum de 19.7 pour cent en 2003.

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Climate Change, External Debt, Trade.

Venezuela: Poverty, percent of population: Pour cet indicateur, La Banque mondiale fournit des données pour la Venezuela de 2000 à 2015. La valeur moyenne pour Venezuela pendant cette période était de 34.46 pour cent avec un minimum de 26.4 pour cent en 2009 et un maximum de 54 pour cent en 2003.

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.

The poverty headcount ratio at national poverty lines in Venezuela increased by 3.6 percentage points (+12.2 percent) compared to the previous year. In total, the poverty headcount ratio amounted to 33.1 percent in 2015. The poverty headcount ratio at national poverty lines refers to the share of the population living in poverty, based on parameters set by local, regional, or national governments.

In Venezuela, as of 2023, the food insecurity index has been highest among the population who expressed concerns about running out of food, registering at 82 percent. This group was followed by those who reported compromising their diet by eating less healthy food and experiencing variations in their food consumption.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Aid effectiveness is the impact that aid has in reducing poverty and inequality, increasing growth, building capacity, and accelerating achievement of the Millennium Development Goals set by the international community. Indicators here cover aid received as well as progress in reducing poverty and improving education, health, and other measures of human welfare.

Income share held by highest 20% of Venezuela (Bolivarian Republic of) slumped by 6.43% from 52.90 % in 2005 to 49.50 % in 2006. Since the 2.31% rise in 2002, income share held by highest 20% dropped by 6.78% 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.