Chacao, along with Baruta and Los Salias, is one of the communities with lowest poverty rates in Venezuela, with a poverty rate of only 4.67% according to the 2011 census. It is home to some of the city's major financial and shopping centres, such as Centro Ciudad Comercial Tamanaco (CCCT), Sambil Shopping Mall, Centro Lido, Centro San Ignacio, as well as branches and headquarters of major local banks, and foreign institutions, stock exchanges, the most luxurious hotels in the city, and the mansions of recognized personalities in the political and economic sphere.