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.

Venezuela poverty rate for 2006 was 43.30%, a 12.4% decline from 2005.

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<li>Venezuela poverty rate for 2005 was <strong>55.70%</strong>, a <strong>10% decline</strong> from 2004.</li>
<li>Venezuela poverty rate for 2004 was <strong>65.70%</strong>, a <strong>5.1% decline</strong> from 2003.</li>
<li>Venezuela poverty rate for 2003 was <strong>70.80%</strong>, a <strong>6.1% increase</strong> from 2002.</li>
</ul>Poverty headcount ratio at $5.50 a day is the percentage of the population living on less than $5.50 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.

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.

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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.

Venezuela VE: Risk of Impoverishing Expenditure for Surgical Care: % of People at Risk data was reported at 10.900 % in 2017. This records an increase from the previous number of 10.100 % for 2016. Venezuela VE: Risk of Impoverishing Expenditure for Surgical Care: % of People at Risk data is updated yearly, averaging 10.100 % from Dec 2003 (Median) to 2017, with 15 observations. The data reached an all-time high of 19.700 % in 2005 and a record low of 8.800 % in 2013. Venezuela VE: Risk of Impoverishing Expenditure for Surgical Care: % of People at Risk 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: Health Statistics. The proportion of population at risk of impoverishing expenditure when surgical care is required. Impoverishing expenditure is defined as direct out of pocket payments for surgical and anaesthesia care which drive people below a poverty threshold (using a threshold of $1.25 PPP/day).; ; The Program in Global Surgery and Social Change (PGSSC) at Harvard Medical School (https://www.pgssc.org/); Weighted Average;

The United States of America was the country with the highest number of asylum applications submitted by Venezuelan citizens in 2024, with approximately 620,000. Spain, on the other hand, registered the largest quantity of Venezuelans with recognized refugee status under UNHCR's mandate: almost 146,990. As of mid-year 2024, Peru recorded almost 493,476 asylum applications from Venezuelan migrants, and it had granted refugee status to another 4,906.

The average inflation rate in Venezuela was estimated at approximately 48.98 percent in 2024. Between 1980 and 2024, the inflation rose by around 27.62 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. From 2024 to 2026, the inflation will increase by about 176.02 percentage points.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.