Venezuela
South America · South America
Population
28.4M
GDP (Nominal)
$99B
Capital City
Caracas
Currency
VES (Venezuelan Bolívar Soberano) / USD (widely used)
Avg Salary
$210/mo
Region
South America
Livability Index 2026
38.9/100
Cost of Living
3/100
Avg Salary
19.5/100
Safety
39.4/100
Healthcare
50/100
Education
22/100
Overall Livability
Institutional Summary
Venezuela is a South American nation of extraordinary natural wealth — home to the world's largest oil reserves and breathtaking landscapes including Angel Falls — currently experiencing one of the most severe economic and humanitarian crises in the Western Hemisphere.
Cost of Living
Monthly Rent (1BR)$200
Monthly Groceries$180
Monthly Transport$15
Utilities & Internet$45
Estimated Total Monthly
$380 /person
AI Algorithm Summary
Major Strengths
- • Extremely affordable cost of living
- • Accessible immigration and visa pathways
Algorithmic Red Flags
- • Significant safety and crime concerns (Score: 19.5)
- • High income tax burden (34%)
Economic Performance
📊 GrowingGDP Per Capita
$3,486
Inflation Rate
80%
Unemployment
5.3%
5-Year GDP Trend
Migration & Visa
Visa-Free Entry (many nationalities, up to 90 days)
e-Visa (Tourism/Business)
Work Permit (Employer Sponsored)
Rentista Visa (Proof of Foreign Income)
Investor Visa
Visa Difficulty
3/10
PR Eligibility
Permanent residency is technically available after extended legal residence, but the ongoing political and economic instability makes long-term planning highly uncertain.
Employment Landscape
Avg Monthly Salary
$210
Trending
Top Performing Industries
Oil & Petroleum (World's Largest Proven Reserves)
Mining (Gold, Coltan, Diamonds)
Agriculture
Tourism (Tepuis, Angel Falls)
Social Indicators
Life Expectancy
72.1 Yrs
Literacy Rate
97.1%
Top Universities (QS Rank)
Universidad Central de Venezuela (UCV)#
Universidad Simón Bolívar (USB)#
Compare Venezuela
Benchmark against other Tier-1 economies provides critical context for relocation or institutional investment decisions.