Venezuela is the 133 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Rank in Venezuela averaged 119 from 2007 until 2019, reaching an all time high of 134 in 2014 and a record low of 85 in 2007. This page provides the latest reported value for - Venezuela Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Venezuela Competitiveness Rank - values, historical data and charts - was last updated on June of 2021.

Competitiveness Rank in Venezuela is expected to reach 127.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Competitiveness Rank is projected to trend around 127.00 in 2021, according to our econometric models.

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Venezuela Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
133.00 127.00 134.00 85.00 2007 - 2019 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 0.00 119.00 0.00 [+]
Competitiveness Index 41.83 43.17 45.09 3.30 Points [+]
Competitiveness Rank 133.00 127.00 134.00 85.00 [+]
Ease of Doing Business 188.00 188.00 188.00 175.00 [+]
Corruption Index 15.00 16.00 28.00 15.00 Points [+]
Corruption Rank 176.00 173.00 176.00 38.00 [+]


Venezuela Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing 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. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables 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.