Quality of life comparison

compared to

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

Health

live 1.9 years longer

In Mongolia, the average life expectancy is 71 years (67 years for men, 76 years for women) as of 2022. In Venezuela, that number is 73 years (70 years for men, 77 years for women) as of 2022.

be 24.3% more likely to be obese

In Mongolia, 20.6% of adults are obese as of 2016. In Venezuela, that number is 25.6% of people as of 2016.

Economy

be 13.7% less likely to be unemployed

In Mongolia, 8.0% of adults are unemployed as of 2017. In Venezuela, that number is 6.9% as of 2018.

make 33.0% less money

Mongolia has a GDP per capita of $11,500 as of 2020, while in Venezuela, the GDP per capita is $7,704 as of 2018.

be 16.5% more likely to live below the poverty line

In Mongolia, 28.4% live below the poverty line as of 2018. In Venezuela, however, that number is 33.1% as of 2015.

pay a 3.4 times higher top tax rate

Mongolia has a top tax rate of 10.0% as of 2016. In Venezuela, the top tax rate is 34.0% as of 2016.

Life

be 12.2% less likely to die during infancy

In Mongolia, approximately 20.2 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.

be 2.8 times more likely to die during childbirth

In Mongolia, approximately 45.0 women per 100,000 births die during labor as of 2017. In Venezuela, 125.0 women do as of 2017.

Basic Needs

be 14.3% more likely to have internet access

In Mongolia, approximately 63.0% of the population has internet access as of 2020. In Venezuela, about 72.0% do as of 2019.

Expenditures

spend 73.5% less on education

Mongolia spends 4.9% of its total GDP on education as of 2019. Venezuela spends 1.3% of total GDP on education as of 2017.

spend 42.1% more on healthcare

Mongolia spends 3.8% of its total GDP on healthcare as of 2019. In Venezuela, that number is 5.4% of GDP as of 2019.

The statistics above were calculated using the following data sources: The World Factbook, Ministerio del Poder Popular de Finanzas, SENIAT, General Department of National Taxation.

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 Mongolia? See an in-depth size comparison.

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