Quality of life comparison

compared to

If you lived in Venezuela instead of Latvia, you would:

Health

live 2.6 years less

In Latvia, the average life expectancy is 76 years (71 years for men, 81 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

be 15.3% less likely to be unemployed

In Latvia, 6.5% of adults are unemployed as of 2023. In Venezuela, that number is 5.5% as of 2023.

make 79.6% less money

Latvia has a GDP per capita of $37,800 as of 2023, while in Venezuela, the GDP per capita is $7,704 as of 2018.

be 47.1% more likely to live below the poverty line

In Latvia, 22.5% live below the poverty line as of 2022. In Venezuela, however, that number is 33.1% as of 2015.

pay a 47.8% higher top tax rate

Latvia has a top tax rate of 23.0% as of 2016. In Venezuela, the top tax rate is 34.0% as of 2016.

Life

have 2.0 times more children

In Latvia, there are approximately 8.3 babies per 1,000 people as of 2024. In Venezuela, there are 16.7 babies per 1,000 people as of 2024.

be 14.4 times more likely to die during childbirth

In Latvia, approximately 18.0 women per 100,000 births die during labor as of 2020. In Venezuela, 259.0 women do as of 2020.

be 3.7 times more likely to die during infancy

In Latvia, approximately 4.8 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 12.4% less likely to have internet access

In Latvia, approximately 89.8% of the population has internet access as of 2022. In Venezuela, about 78.7% do as of 2022.

Expenditures

spend 78.3% less on education

Latvia spends 6.0% of its total GDP on education as of 2020. Venezuela spends 1.3% of total GDP on education as of 2017.

spend 49.3% less on healthcare

Latvia spends 7.5% of its total GDP on healthcare as of 2020. In Venezuela, that number is 3.8% of GDP as of 2020.

Geography

see 5.6 times more coastline

Latvia has a total of 498 km of coastline. In Venezuela, that number is 2,800 km.

The statistics above were calculated using the following data sources: State Revenue Service, Latvia, The World Factbook, Ministerio del Poder Popular de Finanzas, SENIAT.

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 Latvia? See an in-depth size comparison.

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