For less than 70 years ago was Venezuela one of the world’s richest countries. Gdp per capita was higher than in Sweden. In addition to large oil reserves were gold, diamonds and other natural resources.
the Riches are still there. But when the political crisis in the country now placed on its tip stands the population of Venezuela destitute.
Read more: now Is the Maduro regime fall?
Link to the graphics
the economic collapse is unique. There is no war, not sanctions, no financial crisis or natural disaster, and not mainly to declining commodity prices that has caused the staggering fall in the standard of living.
oil Production, the country’s most significant exports, has shrunk to the lowest level in many decades. To the state oil company PDVSA at the same time stands on the brink of disaster is the government’s fault. Revenue and well-paying jobs in the oil sector has been used in a political reward system. It has been a way for president Nicolás Maduro to strengthen its grip on the military.
the State is in practice financially bankrupt. Russian loans and aid from China and Cuba keeps the government afloat at a high price. The shrinking oil production is used, an increasing proportion to the installments of the country’s Russian and chinese loans.
the Policy has sparked hyperinflation, which, in turn, has come to break the rest of the economy. While the foreign companies are fleeing trying local businesses, and agriculture eke out a living. It is difficult.
the expression in the svårgreppbara (and highly uncertain) numbers. A million per cent inflation, for example. At this point teaches the fall in gdp correspond to almost 50%.
What it means in reality is that resources in the economy are no longer sufficient to satisfy people’s most basic needs.
In the fall, let DN the former venezuelan minister and Harvardforskaren Ricardo Haussman count on the purchasing power that a regular salary provides. 430 calories per day, people had advice with, showed his calculus. During the svältgränsen.
since Then, the situation has worsened. According to an independent rate of inflation took the price increases on food new momentum last week. So far this year, food prices have risen by a staggering 1,000 percent in a monthly rate – significantly more than in 2018.
reported before the end of the year to 3 million people have had to flee Venezuela in recent years.
They will be many more if the violence escalates and the social disaster deepens.
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