As of 2024, the top 1% in Venezuela earned 21.97% of total national income, while the bottom 50% received just 10.11%. Venezuela’s income inequality has remained relatively stable since 1980, when the top 1% share was 22.27%.
Key Income Distribution Metrics for Venezuela in 2024
In 2024, income in Venezuela was distributed as follows: the wealthiest 1% of the population captured 21.97% of total national income, which is notably higher than the global average of 16.17%. Meanwhile, the bottom half of earners received 10.11% of income, notably lower than the global average of 14.97%.
| Metric | Venezuela | Global Average |
|---|---|---|
| Top 1% Income Share | 21.97% | 16.17% |
| Top 10% Income Share | 52.12% | 45.21% |
| Bottom 50% Income Share | 10.11% | 14.97% |
How Has Income Inequality Changed in Venezuela?
Top 1% Income Share Trend (1980-2024)
The share of income going to Venezuela’s top 1% has remained relatively stable over the past 44 years. In 1980, the top 1% captured 22.27% of national income. By 2024, this figure had fallen by 0.30 percentage points to 21.97%.
Top 10% vs Bottom 50% Income Gap Over Time
The income gap between the top 10% and bottom 50% in Venezuela has narrowed over this period. In 1980, the top 10% earned 55.41% while the bottom 50% received 8.39%. By 2024, these figures shifted to 52.12% and 10.11% respectively.
| Year | Top 1% | Top 10% | Bottom 50% | Gap (Top 10 – Bottom 50) |
|---|---|---|---|---|
| 1980 | 22.27% | 55.41% | 8.39% | 47.02 pp |
| 1986 | 22.27% | 55.41% | 8.39% | 47.02 pp |
| 1992 | 22.27% | 55.41% | 8.39% | 47.02 pp |
| 1998 | 22.27% | 55.41% | 8.39% | 47.02 pp |
| 2004 | 24.14% | 55.88% | 8.72% | 47.16 pp |
| 2010 | 23.78% | 54.55% | 9.47% | 45.08 pp |
| 2016 | 23.45% | 52.95% | 10.28% | 42.67 pp |
| 2022 | 21.99% | 52.14% | 10.14% | 42.00 pp |
How Venezuela Compares Globally
Venezuela vs South America Average
Compared to other countries in South America, Venezuela’s top 1% income share of 21.97% is roughly on par with the regional average of 22.53%. The bottom 50% in Venezuela receives 10.11% of income, compared to the South America average of 10.17%.
Where Venezuela Ranks Among All Countries
- Top 1% income concentration: Venezuela ranks 19th out of 184 countries (higher rank = more concentrated wealth at the top)
- Bottom 50% income share: Venezuela ranks 160th out of 184 countries (higher rank = larger share for the bottom half)
Countries with similar income inequality levels to Venezuela include Bahamas's income inequality, Belize, Bolivia's income inequality.
Frequently Asked Questions
What is the income share of the top 1% in Venezuela?
As of 2024, the top 1% in Venezuela earned 21.97% of total national income. This level of concentration is considered very high by international standards.
Is income inequality increasing or decreasing in Venezuela?
Income inequality in Venezuela has remained relatively stable since 1980. The top 1% income share moved from 22.27% in 1980 to 21.97% in 2024.
What percentage of income goes to the bottom 50% in Venezuela?
In 2024, the bottom 50% of earners in Venezuela received 10.11% of total national income. This compares with the top 10% who captured 52.12%.
Last updated: April 8, 2026
Data source: World Inequality Database (WID). This dataset covers income distribution metrics for 199 countries from 1980 to 2024.