Poverty rises in Venezuela, according to UN report

[Bacchus4.0]

BOGOTA, Colombia (AP) — A new report says that poverty is on the rise in Venezuela and efforts across Latin America to boost incomes are stalling.
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The report by the United Nations' regional economic office in Chile says that in Venezuela poverty rose from 25 percent in 2012, to 32 percent in 2013.

Paraguay, El Salvador and Colombia saw the biggest declines in poverty but overall the region showed little progress as economies slowed in the wake of the global financial crisis. The U.N. estimates that 28 percent of Latin Americans, or 167 million people, live in poverty.

As disappointing as the trend may seem, the outlook is worsening for Venezuela and other South America countries struggling to maintain social spending amid a sharp decline in commodity prices, including oil.

ttp://news.yahoo.com/poverty-rises-venezuela-according-un-report-001622014.html

[Fred Sanders]

1. ....................

http://en.m.wikipedia.org/wiki/Economy_of_Venezuela

[Oele]

2. Your chart shows "extreme poverty" while the article speaks of "normal" poverty.

Both the yahoo article and the chart actually correspond quite well with the data that was published by the Venezuelan government:

http://www.ine.gov.ve/index.php?option=com_content&view=category&id=104&Itemid=45#

The spreadsheet shows a poverty increase from 26.6% to 30.8% between 2012 and 2013 and an extreme poverty increase from 7,5% to 10,9%.

BTW - that chart shows a HUGE decrease in extreme poverty in the pre-Chávez years.

[Fred Sanders]

3. Not even a good effort.....the chart speaks for itself, history speaks for itself.

[Marksman_91]

5. And the chart isn't exactly painting a nice picture for Maduro's administration n/t

[Oele]

6. I really don't understand what you mean.

I actually tried to explained the difference between the chart and the article.

Your chart shows an increase in 2012-2013 too.

[Oele]

7. Venezuelas decline in poverty isn't that special if you compare it to other countries in the region.

Last edited Tue Feb 17, 2015, 07:18 AM - Edit history (1)

(source: http://povertydata.worldbank.org/poverty/region/LAC )

The worldbank site has charts similar to the one you posted for most countries (look at the "POVERTY TREND (BY NATIONAL STANDARDS)" chart):

http://povertydata.worldbank.org/poverty/country/VEN
http://povertydata.worldbank.org/poverty/country/COL
http://povertydata.worldbank.org/poverty/country/ECU
http://povertydata.worldbank.org/poverty/country/PER
http://povertydata.worldbank.org/poverty/country/BRA

... etc.

[Bacchus4.0]

4. Chavismo has been an abject failure n/t