Total shortfall from extreme poverty in Venezuela
Venezuela: Total shortfall from extreme poverty was 1.37 billion international-$ in 2021 prices in 2006. ◆ Volatile
Total shortfall from extreme poverty in Venezuela, 1981–2006
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for total shortfall from extreme poverty in Venezuela is 1.37 billion international-$ in 2021 prices, measured in 2006.
The figure is down 52.5% on the previous year and down 1.4% over ten years.
Over the whole period, total shortfall from extreme poverty in Venezuela peaked at 3.44 billion international-$ in 2021 prices in 2003 and was at its lowest, 485.16 million international-$ in 2021 prices, in 1981.
That places Venezuela 27th out of 120 countries with data for 2006, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 615.81 million international-$ in 2021 prices | 485.16 million international-$ in 2021 prices | 771.68 million international-$ in 2021 prices | 3 |
| 1990s | 1.40 billion international-$ in 2021 prices | 681.92 million international-$ in 2021 prices | 1.85 billion international-$ in 2021 prices | 4 |
| 2000s | 2.52 billion international-$ in 2021 prices | 1.37 billion international-$ in 2021 prices | 3.44 billion international-$ in 2021 prices | 6 |
Countries ranked near Venezuela
- 24 Bangladesh 1.80 billion international-$ in 2021 prices compare
- 25 Rwanda 1.58 billion international-$ in 2021 prices compare
- 26 Cote d'Ivoire 1.55 billion international-$ in 2021 prices compare
- 28 Benin 1.06 billion international-$ in 2021 prices compare
- 29 Togo 1.02 billion international-$ in 2021 prices compare
- 30 Syria 1.01 billion international-$ in 2021 prices compare
More poverty & inequality data for Venezuela
- Number of income/consumption surveys in the past decade available via the World Bank 0 surveys (2025)
- Fertility rate vs. share living in extreme poverty 2.08 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 4,080 kg per hectare (2023)
- Tax revenue as share of GDP vs. income inequality 20.2% (2015)
- Gender Inequality Index 0.512 (2023)
- Share of government consumption in GDP vs. share of population living in extreme poverty 18.4% (2014)
- Lifespan inequality: Gini coefficient in women 0.1135 (2023)
- Lifespan inequality: Gini coefficient by sex 0.1135 (2023)
- Lifespan inequality: Gini coefficient in men 0.1597 (2023)
- Income inequality: Atkinson index 0.2114 (2023)
Frequently asked questions
- What is total shortfall from extreme poverty in Venezuela?
- Total shortfall from extreme poverty in Venezuela was 1.37 billion international-$ in 2021 prices in 2006, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest total shortfall from extreme poverty recorded in Venezuela?
- The highest recorded value was 3.44 billion international-$ in 2021 prices in 2003.
- What is the lowest total shortfall from extreme poverty recorded in Venezuela?
- The lowest recorded value was 485.16 million international-$ in 2021 prices in 1981.
- How does Venezuela rank for total shortfall from extreme poverty?
- Venezuela ranks 27th out of 120 countries with data for 2006.
- Is total shortfall from extreme poverty rising or falling in Venezuela?
- Over the last ten years it is down 1.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as part of Total shortfall from extreme poverty. Statizoid updates them automatically from the source API.
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About this data
This is the amount of money that would be theoretically needed to lift the income or consumption of all people in poverty up to $3 per day. However, this is not a measure of the actual cost of eliminating poverty, since it does not take into account the costs involved in making the necessary transfers nor any changes in behavior they would bring about.