Venezuela’s Socio-Economic Crisis: High Poverty and Lack of Basic Services

by John Smith - World Editor
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Venezuela’s Economic Crisis: Encovi 2025 Report Reveals Stark Poverty and Infrastructure Collapse

Recent data from the Encovi 2025 survey paints a grim picture of the socioeconomic reality in Venezuela, where a vast majority of the population continues to struggle with extreme financial hardship and a breakdown of basic services.

The scale of the crisis is highlighted by figures showing that 68.5% of the population lives in poverty, with 31.7% falling into the category of extreme poverty. Further compounding this instability, reports indicate that 68% of families are currently living in indigence.

While some indicators suggest a slight decline in overall poverty levels, the daily lived experience for most Venezuelans remains precarious. For the majority of households, living without consistent access to electricity and running water has become the standard, underscoring a systemic failure of national infrastructure that persists despite marginal economic shifts.

The crisis also exhibits a significant gender dimension, as millions of women remain excluded from the labor market, further limiting the earning potential and resilience of Venezuelan households.

These developments highlight a deepening humanitarian challenge that transcends simple economic metrics. The persistence of extreme poverty and the collapse of essential utilities suggest a prolonged period of instability that continues to impact the basic survival of millions.

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