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Aid, poverty & equality · Latin America & Caribbean · Lower-middle income

Venezuela: poverty, inequality and aid

Extreme poverty is 9.7% (2006). Poverty, $4.20/day is 16.4% (2006). Poverty, $8.30/day is 43.3% (2006).

Extreme poverty
VenezuelaLatin America & CaribbeanLower-middle incomeWorld
0%20%40%60%199520002005201020152020Venezuela9.7%Latin America & CaribbeanLower-middle incomeWorld
Poverty, $4.20/day
VenezuelaLatin America & CaribbeanLower-middle incomeWorld
0%20%40%60%80%199520002005201020152020Venezuela16.4%Latin America & CaribbeanLower-middle incomeWorld
13 indicators

Aid, poverty & equality: Venezuela in detail

Latest reported value, world rank and rank within Latin America & Caribbean; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.

IndicatorLatestWorld rankIn region~2000~2010~202010-year changeRegionIncome groupWorldSince 2000
Extreme povertyExtreme poverty, $3.00 a day (2021 PPP), % of population9.7%2006——14.7%2001··−5.4 ppsince 19954.3%12.4%10.1%
Poverty, $4.20/dayPoverty at $4.20 a day (2021 PPP), % of population16.4%2006——24.9%2001··−8.9 ppsince 19958.0%26.9%18.2%
Poverty, $8.30/dayPoverty at $8.30 a day (2021 PPP), % of population43.3%2006——55.3%2001··−12.5 ppsince 199524.7%76.8%46.2%
National poverty ratePoverty at national poverty lines, % of population33.1%201542/1455/2341.6%26.8%·−9.3 ppsince 2005———
Gini indexGini index of income inequality44.72006——47.22001··−5.3%since 1995———
Top 10% income shareIncome share held by the richest 10%33.2%2006——35.3%2001··−2.4 ppsince 1995———
Bottom 20% income shareIncome share held by the poorest 20%4.3%2006——4.0%2001··+0.2 ppsince 1995———
UndernourishmentPrevalence of undernourishment, % of population5.3%202479/16712/2814.1%20012.5%18.3%+1.4 ppsince 20145.1%12.1%8.1%
Account ownershipAccount ownership (bank or mobile money), % of adults87.3%202444/1451/21·44.1%201184.4%2021+30.3 ppsince 201473.5%70.4%78.7%
Women in parliamentSeats held by women in national parliament, %32.1%202563/19013/329.7%200117.0%22.2%+15.2 ppsince 201536.6%23.6%27.2%
Net ODA receivedNet official development assistance received, US$$405m202376/14514/32$78.1m$48.6m$333m+971%since 2013$10.8bn$59.2bn$259bn
ODA, % of GNINet ODA received, % of GNI0.4%2023113/13922/300.1%0.0%0.8%+0.4 ppsince 20130.2%0.9%0.2%
ODA per personNet ODA received per capita, US$$14.32023122/14526/32$3.2$1.7$11.7+1,032%since 2013$16.4$20.6$32.2
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.

Better than ten years ago

Worse than ten years ago

Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).

neighbours

Venezuela and its neighbours

Countries sharing a land border with Venezuela. Latest values since 2005; the highest in each row is marked.

IndicatorVenezuelaUnited StatesBrazilUnited KingdomFranceColombia
Extreme poverty9.7%20061.1%20243.0%20240.4%20210.1%20238.5%2024
Poverty, $4.20/day16.4%20061.2%20246.2%20240.5%20210.1%202314.7%2024
Poverty, $8.30/day43.3%20061.8%202420.6%20240.9%20210.3%202337.0%2024
National poverty rate33.1%2015——18.6%201715.6%202131.8%2024
Gini index44.7200641.8202450.3202432.4202131.8202354.42024
Top 10% income share33.2%200630.7%202439.3%202425.0%202125.0%202342.7%2024
Bottom 20% income share4.3%20065.1%20243.9%20247.6%20217.7%20233.2%2024
Undernourishment5.3%20242.5%20242.5%20242.5%20242.5%20244.1%2024
Account ownership87.3%202497.0%202486.4%202499.3%202499.2%202457.1%2024