Fleeing Venezuela’s Crushing Economic Crisis

The ongoing economic crisis in Venezuela is driving people to leave the country by the hundreds of thousands—often crossing borders on foot—seeking better lives in Brazil, Colombia, Ecuador, Peru, and beyond. They are fleeing a nation that now experiences frequent power outages and water shortages, and suffers from a severe lack of food and basic medical supplies. Hyperinflation has become such a burden that new currency was recently issued, at a conversion rate of 100,000 bolivars (old currency) to 1 sovereign bolivar (new). The IMF estimated that Venezuela’s rate of inflation might reach 1,000,000 percent this year. Just this week, several new economic measures will take effect, including a more-than-3,000 percent hike in the minimum wage. The rising numbers of refugees are causing problems in bordering countries as well, with countries like Ecuador and Peru tightening restrictions on immigration. Gathered here: a look inside Venezuela over the past few months, and at some of those who chose to leave their ailing country behind.

Read more
Hints: View this page full screen. Skip to the next and previous photo by typing j/k or ←/→.

Most Recent

  • Mark Wallheiser / Getty

    More Photos of the Incredible Devastation Left by Hurricane Michael

    Recent photographs from Mexico Beach, Panama City, and neighboring Florida towns, as the full extent of the damage wrought by Hurricane Michael becomes clearer.

  • U.S. National Park Service / Reuters

    Photos of the Week: Sea Monsters, Hawaiian Sunrise, Cosmodrome Camels

    A seal pup in Wales, a luxury hotel in a quarry pit in Shanghai, space-suit testing on a tropical island, damage from Hurricane Michael in Florida, Swiss fighter aircraft in the Alps, and much more

  • Photographing the Microscopic: Winners of Nikon Small World 2018

    Some of the winning and honored images from the 2018 Small World Photomicrography Competition

  • Gerald Herbert / AP

    Photos From the Aftermath of Hurricane Michael

    Michael is the strongest storm to hit Florida in 80 years, and the most powerful to ever strike its panhandle region.