Back to Country Profile
Historical Values
Year Value
2012 Although poverty in Venezuela has declined during the CHAVEZ administration, dropping from nearly 50% in 1999 to about 27% in 2011, it remains high and some experts question how much of a role social expenditures have played in this poverty reduction. Progress in lowering poverty, income inequality, and unemployment may in fact be more closely linked to the rise and fall of prices for oil, Venezuela's dominant export. In the long-run, education and healthcare spending may increase economic growt
2013 Although poverty in Venezuela has declined during the CHAVEZ administration, dropping from nearly 50% in 1999 to about 27% in 2011, it remains high and some experts question how much of a role social expenditures have played in this poverty reduction. Progress in lowering poverty, income inequality, and unemployment may in fact be more closely linked to the rise and fall of prices for oil, Venezuela's dominant export. In the long-run, education and healthcare spending may increase economic growt
2014 Social investment in Venezuela during the CHAVEZ administration reduced poverty from nearly 50 % in 1999 to about 27 % in 2011, increased school enrollment, substantially decreased infant and child mortality, and improved access to potable water and sanitation through social investment. "Missions" dedicated to education, nutrition, healthcare, and sanitation were funded through petroleum revenues. The sustainability of this progress remains questionable, however, as the continuation of these soc
2015 Social investment in Venezuela during the CHAVEZ administration reduced poverty from nearly 50 % in 1999 to about 27 % in 2011, increased school enrollment, substantially decreased infant and child mortality, and improved access to potable water and sanitation through social investment. "Missions" dedicated to education, nutrition, healthcare, and sanitation were funded through petroleum revenues. The sustainability of this progress remains questionable, however, as the continuation of these soc
2016 Social investment in Venezuela during the CHAVEZ administration reduced poverty from nearly 50% in 1999 to about 27% in 2011, increased school enrollment, substantially decreased infant and child mortality, and improved access to potable water and sanitation through social investment. "Missions" dedicated to education, nutrition, healthcare, and sanitation were funded through petroleum revenues. The sustainability of this progress remains questionable, however, as the continuation of these socia
2017 Social investment in Venezuela during the CHAVEZ administration reduced poverty from nearly 50% in 1999 to about 27% in 2011, increased school enrollment, substantially decreased infant and child mortality, and improved access to potable water and sanitation through social investment. "Missions" dedicated to education, nutrition, healthcare, and sanitation were funded through petroleum revenues. The sustainability of this progress remains questionable, however, as the continuation of these socia
2018 Social investment in Venezuela during the CHAVEZ administration reduced poverty from nearly 50% in 1999 to about 27% in 2011, increased school enrollment, substantially decreased infant and child mortality, and improved access to potable water and sanitation through social investment. "Missions" dedicated to education, nutrition, healthcare, and sanitation were funded through petroleum revenues. The sustainability of this progress remains questionable, however, as the continuation of these socia
2019 Social investment in Venezuela during the CHAVEZ administration reduced poverty from nearly 50% in 1999 to about 27% in 2011, increased school enrollment, substantially decreased infant and child mortality, and improved access to potable water and sanitation through social investment. "Missions" dedicated to education, nutrition, healthcare, and sanitation were funded through petroleum revenues. The sustainability of this progress remains questionable, however, as the continuation of these socia
2020 Social investment in Venezuela during the CHAVEZ administration reduced poverty from nearly 50% in 1999 to about 27% in 2011, increased school enrollment, substantially decreased infant and child mortality, and improved access to potable water and sanitation through social investment. "Missions" dedicated to education, nutrition, healthcare, and sanitation were funded through petroleum revenues. The sustainability of this progress remains questionable, however, as the continuation of these socia
2021 Social investment in Venezuela during the CHAVEZ administration reduced poverty from nearly 50% in 1999 to about 27% in 2011, increased school enrollment, substantially decreased infant and child mortality, and improved access to potable water and sanitation through social investment. "Missions" dedicated to education, nutrition, healthcare, and sanitation were funded through petroleum revenues. The sustainability of this progress remains questionable, however, as the continuation of these socia
2022 Social investment in Venezuela during the CHAVEZ administration reduced poverty from nearly 50% in 1999 to about 27% in 2011, increased school enrollment, substantially decreased infant and child mortality, and improved access to potable water and sanitation through social investment. "Missions" dedicated to education, nutrition, healthcare, and sanitation were funded through petroleum revenues. The sustainability of this progress remains questionable, however, as the continuation of these socia
2023 Venezuela s ongoing socio-economic, political, and human rights crises have resulted in widespread poverty and food insecurity and have devastated the country s healthcare system. According to a 2018 national hospital survey, many hospitals were unable to provide basic services, and 20% of operating rooms and intensive care units were non-functional. Hospitals reported shortages in water (79%), medicines (88%), and surgical supplies (79%). The poor conditions in healthcare facilities have motiva
2024 Venezuela s ongoing socio-economic, political, and human rights crises have resulted in widespread poverty and food insecurity and have devastated the country s healthcare system. According to a 2018 national hospital survey, many hospitals were unable to provide basic services, and 20% of operating rooms and intensive care units were non-functional. Hospitals reported shortages in water (79%), medicines (88%), and surgical supplies (79%). The poor conditions in healthcare facilities have motiva