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.
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 neighbouring Colombia being the main country of destination.
Percentage of households in poverty and extreme poverty in Venezuela from 2002 to 2021
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Universidad Católica Andrés Bello. (October 21, 2022). Percentage of households in poverty and extreme poverty in Venezuela from 2002 to 2021 [Graph]. In Statista. Retrieved September 08, 2024, from https://www.statista.com/statistics/1235189/household-poverty-rate-venezuela/
Universidad Católica Andrés Bello. "Percentage of households in poverty and extreme poverty in Venezuela from 2002 to 2021." Chart. October 21, 2022. Statista. Accessed September 08, 2024. https://www.statista.com/statistics/1235189/household-poverty-rate-venezuela/
Universidad Católica Andrés Bello. (2022). Percentage of households in poverty and extreme poverty in Venezuela from 2002 to 2021. Statista. Statista Inc.. Accessed: September 08, 2024. https://www.statista.com/statistics/1235189/household-poverty-rate-venezuela/
Universidad Católica Andrés Bello. "Percentage of Households in Poverty and Extreme Poverty in Venezuela from 2002 to 2021." Statista, Statista Inc., 21 Oct 2022, https://www.statista.com/statistics/1235189/household-poverty-rate-venezuela/
Universidad Católica Andrés Bello, Percentage of households in poverty and extreme poverty in Venezuela from 2002 to 2021 Statista, https://www.statista.com/statistics/1235189/household-poverty-rate-venezuela/ (last visited September 08, 2024)
Percentage of households in poverty and extreme poverty in Venezuela from 2002 to 2021 [Graph], Universidad Católica Andrés Bello, October 21, 2022. [Online]. Available: https://www.statista.com/statistics/1235189/household-poverty-rate-venezuela/