Venezuela: 2024 presidential elections results, by candidate

The CNE (National Electoral Council) of Venezuela declared Nicolás Maduro the winner of the 2024 elections with 51 percent of the votes. Since 2013, this is the third time the official results give Maduro the presidency. 

Poverty in Venezuela

During the last few years, Venezuela has suffered from all sorts of shortages, from water and food to fuel and energy. In 2013, around 31 percent of households lived impoverished, by 2021, the figure was above 90 percent and around 68 percent were under the extreme poverty line. Food insecurity still plays an important role, during a 2022 survey, around 78 percent of Venezuelans were worried about running out of food. Venezuela also has the lowest minimum wage in Latin America, with a monthly salary lower than four U.S. dollars.  

Not a positive economic outlook 

Despite having all to become one of the largest oil exporters in the world, the oil industry of Venezuela recorded more and more problems, including mismanagement of resources, production crises, and the increasing number of international sanctions. The Gross Domestic Product (GDP) of Venezuela peaked in 2013, with over 372 billion U.S. dollars, to then plummet to 43.79 billion in 2020. The forecasts do not show signs of an economic recovery in the following years. Another of the main issues the Venezuela society faces is inflation, as of 2023, the country ranked with the highest inflation rate in Latin America with over 337 percent.