Quality of life comparison

compared to

If you lived in Venezuela instead of Faroe Islands, you would:

Health

live 8.0 years less

In Faroe Islands, the average life expectancy is 81 years (79 years for men, 84 years for women) as of 2022. In Venezuela, that number is 73 years (70 years for men, 77 years for women) as of 2022.

Economy

make 89.2% less money

Faroe Islands has a GDP per capita of $71,500 as of 2022, while in Venezuela, the GDP per capita is $7,704 as of 2018.

be 2.5 times more likely to be unemployed

In Faroe Islands, 2.2% of adults are unemployed as of 2017. In Venezuela, that number is 5.5% as of 2023.

be 3.3 times more likely to live below the poverty line

In Faroe Islands, 10.0% live below the poverty line as of 2015. In Venezuela, however, that number is 33.1% as of 2015.

Life

have 12.1% more children

In Faroe Islands, there are approximately 14.9 babies per 1,000 people as of 2024. In Venezuela, there are 16.7 babies per 1,000 people as of 2024.

be 3.0 times more likely to die during infancy

In Faroe Islands, approximately 6.0 children (per 1,000 live births) die before they reach the age of one as of 2022. In Venezuela, on the other hand, 17.7 children do as of 2022.

Basic Needs

be 19.4% less likely to have internet access

In Faroe Islands, approximately 97.6% of the population has internet access as of 2021. In Venezuela, about 78.7% do as of 2022.

Expenditures

spend 82.9% less on education

Faroe Islands spends 7.6% of its total GDP on education as of 2019. Venezuela spends 1.3% of total GDP on education as of 2017.

Geography

see 2.5 times more coastline

Faroe Islands has a total of 1,117 km of coastline. In Venezuela, that number is 2,800 km.

The statistics above were calculated using the following data sources: The World Factbook.

Venezuela: At a glance

Venezuela is a sovereign country in South America, with a total land area of approximately 882,050 sq km. Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada, which became Colombia). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who promoted the oil industry and allowed for some social reforms. Democratically elected governments have held sway since 1959. Hugo CHAVEZ, president from 1999 to 2013, sought to implement his "21st Century Socialism," which purported to alleviate social ills while at the same time attacking capitalist globalization and existing democratic institutions. His hand-picked successor, President Nicolas MADURO, continues CHAVEZ's socialist programs. Current concerns include: a weakening of democratic institutions, political polarization, a politicized military, rampant violent crime, overdependence on the petroleum industry with its price fluctuations, foreign exchange controls that discourage private-sector investment, high inflation, a decline in the quality of fundamental houman rights, and widespread scarcity of consumer goods.
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How big is Venezuela compared to Faroe Islands? See an in-depth size comparison.

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