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. Competitiveness Rank in Venezuela averaged 119.00 from 2007 until 2019, reaching an all time high of 134.00 in 2014 and a record low of 85.00 in 2007. source: World Economic Forum

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Venezuela Competitiveness Rank

Related Last Previous Unit Reference
Industrial Production -20.60 -47.04 percent Jan 2019
Changes in Inventories -543.00 -908.00 VEF Million Mar 2019
IP Addresses 2571911.00 2585378.00 IP Mar 2017
Internet Speed 1827.10 1937.83 KBps Mar 2017
Crude Oil Rigs 1.00 2.00 Jan 2024
Corruption Rank 177.00 177.00 Dec 2023
Corruption Index 13.00 14.00 Points Dec 2023
Steel Production 2.00 2.00 Thousand Tonnes Dec 2020
Ease of Doing Business 188.00 188.00 Dec 2019
Competitiveness Rank 133.00 127.00 Dec 2019
Competitiveness Index 41.83 43.17 Points Dec 2019

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.
Actual Previous Highest Lowest Dates Unit Frequency
133.00 127.00 134.00 85.00 2007 - 2019 Yearly