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

  • Dhughes9 / iStockphoto / Getty

    Texas: Images of the Lone Star State

    A few glimpses of the landscape of Texas, and some of the animals and people calling it home

  • Go Nakamura / Reuters

    Photos of the Week: Puma Cub, Nord Boss, Mosque Moon

    Spider-Man in Mexico City, the NBA Finals in Florida, a dragon-boat race in China, BMX racing in the Netherlands, a graduation in Guinea, a bridal photo shoot in Ireland, and much more

  • © Sergey Gorshkov / Wildlife Photographer of the Year

    Winners of Wildlife Photographer of the Year 2020

    Winning images from the annual photo competition produced by the Natural History Museum, London

  • Dr. Yuan Ji, Shanghai, China

    Photographing the Microscopic: Winners of Nikon Small World 2020

    Some of the winning and honored images from the 2020 Small World Photomicrography Competition