Question: Is Venezuela better than India?

Is Venezuela richer than India?

make 73.6% more money

India has a GDP per capita of $7,200 as of 2017, while in Venezuela, the GDP per capita is $12,500 as of 2017.

Is Venezuela a developed country?

Venezuela is a developing country and ranks 113th on the Human Development Index. It has the world’s largest known oil reserves and has been one of the world’s leading exporters of oil.

Is Venezuela bigger than India?

India is about 3.6 times bigger than Venezuela.

Venezuela is approximately 912,050 sq km, while India is approximately 3,287,263 sq km, making India 260% larger than Venezuela.

Is India is developed country?

India is an emerging and developing country (EDC) found in southern Asia. … The Human Development Index (HDI) places India 136th out of 187 countries, with 25% of the nation’s population still living on less than $1.25 (US dollar) a day.

Why is Venezuela so poor?

Supporters of Chávez and Maduro have said that the problems result from an “economic war” on Venezuela and “falling oil prices, international sanctions, and the country’s business elite”, while critics of the government say the cause is “years of economic mismanagement, and corruption.”

Is Venezuela a poor country?

The 2020-2021 National Survey of Living Conditions (ENCOVI), conducted by researchers at Andres Bello Catholic University (UCAB), found that of the country’s 28 million residents, 76.6% live in extreme poverty, up from 67.7% last year. …

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Which is the cheapest country than India?

10 Cheapest Countries You Must Travel To From India

  • NEPAL. This Himalayan country promises mountains, spirituality, and scenic beauty. …
  • VIETNAM. …
  • BHUTAN. …
  • SRI LANKA. …
  • UNITED ARAB EMIRATES. …
  • OMAN. …
  • INDONESIA. …
  • MALAYSIA.

How costly is Venezuela?

Family of four estimated monthly costs are 1,901$ without rent. A single person estimated monthly costs are 513$ without rent. Cost of living in Venezuela is, on average, 36.31% lower than in United States. Rent in Venezuela is, on average, 76.78% lower than in United States.