Venezuela scored 41.83 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum.

Competitiveness Index in Venezuela averaged 12.69 Points from 2007 until 2019, reaching an all time high of 45.09 Points in 2017 and a record low of 3.30 Points in 2016. This page provides the latest reported value for - Venezuela Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Venezuela Competitiveness Index - values, historical data and charts - was last updated on August of 2020. source: World Economic Forum

Competitiveness Index in Venezuela is expected to reach 3.00 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Competitiveness Index is projected to trend around 3.00 Points in 2021 and 46.17 Points in 2022, according to our econometric models.

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Venezuela Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
41.83 43.17 45.09 3.30 2007 - 2019 Points Yearly

Venezuela Business Last Previous Highest Lowest Unit
Industrial Production -20.60 -47.00 183.50 -64.90 percent [+]
Changes in Inventories -543.00 -908.00 2399.00 -1404.00 VEF Million [+]
Internet Speed 1827.10 1937.83 1937.83 646.91 KBps [+]
IP Addresses 2571911.00 2585378.00 2925726.00 950807.00 IP [+]
Steel Production 2.00 2.00 479.00 0.36 Thousand Tonnes [+]
Crude Oil Rigs 0.00 1.00 119.00 0.00 [+]
Competitiveness Index 41.83 43.17 45.09 3.30 Points [+]
Competitiveness Rank 133.00 127.00 134.00 85.00 [+]
Corruption Index 16.00 18.00 28.00 16.00 Points [+]
Corruption Rank 173.00 168.00 173.00 38.00 [+]
Ease of Doing Business 188.00 188.00 188.00 175.00 [+]


Venezuela Competitiveness Index
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution.