The Bolivarian Republic of Venezuela showed the sharpest poverty reduction: by 5.6 percentage points (from 29.5% to 23.9%) in the case of poverty and by 2.0 percentage points (from 11.7% to 9.7%) in the case of extreme poverty. In Brazil, poverty diminished by 2.3 percentage points (from 20.9% to 18.6%), while extreme poverty declined by 0.7 of a percentage point (from 6.1% to 5.4%). Peru recorded a 2.0 percentage-point decrease in its poverty rate, while in Argentina and Colombia, the reduction was slightly above 1 percentage point. In these three countries, extreme poverty did not show any appreciable variation compared with the 2011 levels (see figure 1.3).