Poverty has tripled in Venezuela since Nicolás Maduro is in power




Venezuela has touched the “poverty ceiling” for the fourth time in a row, as reflected in the latest report by the National Survey of Living Conditions (Encovi) 2021, presented this Tuesday in Caracas. The results showed that the 94.5% of the Venezuelan population is poor and 76.6% is in extreme poverty statistics, unable to cover with basic food needs, whose estimates by Venezuelan economists indicate that the basic basket, which is located at almost 300 euros and that -according to economists estimates- could close this year at 800 euros due to hyperinflation, an amount that exponentially exceeds almost three euros of the minimum monthly salary of a person.

Encovi conducted 14,000 interviews throughout the country in person between February and April 2021, and is part of a measurement carried out by the Andrés Bello Catholic University (UCAB) together with other Venezuelan private universities since 2014, as a result of the Chavista regime stopped showing statistics in 2011.

The project manager in question, Luis Pedro Spain, explained that Venezuela has reached “the ceiling of total poverty, because we have 5% of the population that can maintain their income. What varies is extreme poverty ”, referring in this way to the survey corresponding to 2019-2020, which indicated that extreme poverty was 79.3%, while 96.2% of Venezuelans were poor. These figures have even been compared to the end of 2012 (Hugo Chávez’s government) when poverty in Venezuela was at 32.6% and extreme at 9.3%.

Accentuated poverty since 2013

Spain has highlighted that Venezuela is a poor country and that Venezuelans require at least $ 224 a month to improve their quality of life. «If you take all the national income and distribute it equally among Venezuelan households, we would all be poor. In this imaginary exercise, the average per capita of the Venezuelan would be 30 dollars per month, “the sociologist also stressed.

The Encovi has once again emphasized that poverty in the country has accentuating since 2013, the year in which Nicolás Maduro took power. Thus, the project director has said that the level of labor activity in Venezuela continues to deteriorate as a result of the continued decline in economic activity for the sixth consecutive year.

Likewise, he has emphasized that the confinement measures due to the Covid-19 pandemic in the last semester of 2020 accelerated the recession, which will have an impact on the country’s economy for the eighth consecutive year.

Population reduction

Between 2016 and 2021, the country has had a decrease of 1.1% in the population, so the number of inhabitants in Venezuela is now 28.7 million. According to the coordinator of the Encovi project, Anitza Freitez, the reduction is due to higher risks of mortality, fewer births and the migratory stampede that exceeds the 5 million Venezuelans who have left their country since 2015 due to the acute economic and social crisis and humanitarian.

“There is a smaller country from the demographic point of view due to the migratory impact and more impoverished. The population was reduced due to the level of mortality and because potential mothers have left the country, so that births decreased by 340,000 ”, Freitez pointed out in the presentation of the survey corresponding to this year.

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