Quality of life comparison

compared to

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

Health

live 1.5 years less

In Nicaragua, the average life expectancy is 75 years (73 years for men, 77 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 45.4% more money

Nicaragua has a GDP per capita of $5,300 as of 2020, while in Venezuela, the GDP per capita is $7,704 as of 2018.

be 32.9% more likely to live below the poverty line

In Nicaragua, 24.9% live below the poverty line as of 2016. In Venezuela, however, that number is 33.1% as of 2015.

pay a 13.3% higher top tax rate

Nicaragua has a top tax rate of 30.0% as of 2016. In Venezuela, the top tax rate is 34.0% as of 2016.

Life

be 36.9% less likely to die during childbirth

In Nicaragua, approximately 198.0 women per 100,000 births die during labor as of 2017. In Venezuela, 125.0 women do as of 2017.

be 17.6% more likely to be literate

In Nicaragua, the literacy rate is 82.6% as of 2015. In Venezuela, it is 97.1% as of 2016.

Basic Needs

be 60.0% more likely to have internet access

In Nicaragua, approximately 45.0% of the population has internet access as of 2020. In Venezuela, about 72.0% do as of 2019.

be 13.2% more likely to have access to improved drinking water

In Nicaragua, approximately 83% of people have improved drinking water access as of 2020. In Venezuela, 94% of people do as of 2020.

Expenditures

spend 61.8% less on education

Nicaragua spends 3.4% of its total GDP on education as of 2019. Venezuela spends 1.3% of total GDP on education as of 2017.

spend 35.7% less on healthcare

Nicaragua spends 8.4% of its total GDP on healthcare as of 2019. In Venezuela, that number is 5.4% of GDP as of 2019.

Geography

see 3.1 times more coastline

Nicaragua has a total of 910 km of coastline. In Venezuela, that number is 2,800 km.

The statistics above were calculated using the following data sources: General Directorate of Revenues, 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 Nicaragua? See an in-depth size comparison.

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