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. source: World Economic Forum

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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 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.

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 1.00 10.00 479.00 1.00 Thousand Tonnes [+]
Crude Oil Rigs 23.00 23.00 119.00 12.00 [+]
Competitiveness Index 41.83 43.17 45.09 3.30 Points [+]
Competitiveness Rank 133.00 127.00 134.00 85.00 [+]
Corruption Index 18.00 18.00 28.00 17.00 Points [+]
Corruption Rank 168.00 169.00 172.00 38.00 [+]
Ease of Doing Business 188.00 188.00 188.00 175.00 [+]