How Wealthy Is Venezuela?

$42.530 billion (nominal, 2021 est.) $144.737 billion (PPP, 2020 est.)

Is Venezuela a poor or rich country?

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 (64 percent) lived in extreme poverty in 2020.

Does Venezuela have a good economy?

For much of the past decade, in fact, economists called Venezuela's collapse the worst in the world. Thanks to plummeting oil prices and socialist regime mismanagement and corruption, the economy shrank by 75% between 2014 and 2020.