The Venezuelan economy is contracting quickly in part due to the halfing of oil prices [oil is Venezuela’s largest export] . But also social and political unrest as seen in the video is also a cause for the following economic distress:
| Venezuela Economy [source] | |||
| GDP growth rate | GDP/Capita in 2016 $ | Unemployment Rate | |
| 2016 | -10% | 15,100 | 10.5 |
| 2015 | -6.2 | 17,000 | 6.8 |
| 2014 | -3.9 | 18,400 | na |
The question raised at Salon.com is whether this nationwide but segregated unrest is a precusrsor to violence in other countries where the poor bear the brunt of the disruption while the privileged classes largely “ecape dicomforts”. The Gini index maps national inequality levels – the higher the index the greater the level inquality. Here is the map of Inequality Worldwide provided by the IMF:
