Statement:
Venezuela has a lower Human Development Index than Armenia

In the Human Development Index rating Venezuela holds position #119 ²⁰²¹ out of 187 and Armenia is #82 out of 187 ²⁰²¹.
Position of Venezuela is worse than position of Armenia.

Referencies:

1. Human Development Index ²⁰²¹ by United Nations

   The countries in the rating sorted by 'Human Development Index' in descending order.

   Armenia	'Human Development Index' value is	0.76
   Venezuela	'Human Development Index' value is	0.69