The unemployment rate in Venezuela has decreased from 11.3% (1998) to 7.8% (2008). During this time, 2.9 million jobs were created, and the proportion of jobs in the informal economy fell from 54.6% (1998) to 48.2% (2008).
In fact, rates of poverty and extreme poverty have fallen considerably in recent years. The report of the Center for Economic and Policy Research on the development of socio-economic indicators during the first ten years of the Chávez administration says: The poverty rate has been halved from 54% of households (2003) 26% (2008). Extreme poverty declined from 72%.
Access to food has been improved significantly. Average calorie consumption has risen from 91% of recommended intakes (1998) to 106% (2007). Deaths from malnutrition fell 50% (from 4.9 to 3.2 deaths per 100 000 population) between 1998 and 2006, thanks to the School Food Program (breakfast, lunch and snack free in public schools Network) and the Mercal subsidized food.
Inequality, measured by the Gini index declined from 48.1 in 2003 to 40.99 end of 2008 (equal maximum is represented by a score of 0). The Economist noted that while this indicator decreased in all major countries in South America, Venezuela augmented it. Social benefits, including pension and disability has more than doubled its coverage from 1.7 million (1998) to 4.4 million beneficiaries (2008).
Venezuelan minimum wage has been increased several times by Chavez.
Hugo Chavez launched Mision Vivienda ("mission home"), in 2011, 200,000 units were constructed, with the goal is to build two million homes by 2019. The per capita income, which was 4,000 dollars, jumped to $ 13 000 in 2009.
Between 1998 and 2007, public debt fell from 30.7% to 14.3% of GDP (foreign debt rose from 25.6% to 9.8%). Government revenues increased (from 17.4% to 28.7% of GDP) as well as public spending. They accounted for 21.4% of GDP in 1998 and increased to 25.7% in 2007, to which are added the expenditures made by PDVSA (6.1% of GDP) recorded separately.
Hugo Chávez has implemented several educational programs:
The "Misión Robinsón" for literacy using the Cuban method "Yo sí puedo" instead of Açude used by previous governments; The "Misión Ribas" aimed at the pursuit of their education; The "Misión Sucre" for higher education.
The reorganization of the Fundación Ayacucho in 2005 has awarded more than 14,000 scholarships for higher education for the year 2006. The number of students in higher education more than doubled between 1999-2000 and 2007-200899, and the share of GDP devoted to education, which was 1.7% in 1993 and 1.6 % in 1998, rose to 4.3% in 2005.
According to UNESCO figures, illiteracy was eradicated in Venezuela.
With Dictatorships like this, who needs Democracies?