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Venezuelans report big weight losses in 2017 as hunger hits

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Venezuelans reported losing on average 11 kilograms (24 lbs) in body weight last year and almost 90 percent now live in poverty, according to a new university study on the impact of a devastating economic crisis and food shortages.

The annual survey, published on Wednesday by three universities, is one of the most closely-followed assessments of Venezuelans’ well being amid a government information vacuum and shows a steady rise in poverty and hunger in recent years.

Over 60 percent of Venezuelans surveyed said that during the previous three months they had woken up hungry because they did not have enough money to buy food. About a quarter of the population was eating two or less meals a day, the study showed.

Last year, the three universities found that Venezuelans said they had lost an average of 8 kilograms during 2016. This time, the study’s dozen investigators surveyed 6,168 Venezuelans between the ages of 20 and 65 across the country of 30 million people
https://www.reuters.com/article/us-...t-losses-in-2017-as-hunger-hits-idUSKCN1G52HA
 
Then why can't their Government export Oil and generate wealth for the courtry and it's citizens. This question has always baffled me.

They export oil, but corruption and corrupt rulers eat away all the money earned. It is a universal problem amongst third world countries.


Although that being said, their oil production and exports are rapidly declining due to the internal situation of the country. They exported about $94billion in 2012 which was down to $26billion in 2016.


https://www.wsj.com/articles/venezuelas-oil-industry-takes-a-fall-1516271401
 
I have heard the inflation in Venezuela has reached to the level of 13000 % and locals are actually fleeing to the neighboring countries to escape from the general anarchy that seems to be prevalent there.
Hugo Chavez was massive loss it seems.
 
because they oil needed 150 dollar price to make extraction worth it
 
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