Starting a business - Score in Venezuela
Venezuela: Starting a business - Score was 25 in 2019. ▼ Falling
Starting a business - Score in Venezuela, 2003–2019
Source: World Bank.
Analysis
Venezuela recorded 25 for starting a business - score in 2019. That is the lowest value across all 17 years on record.
That represents a change of down 46.8% over ten years.
Over the whole period, starting a business - score in Venezuela peaked at 49.34 in 2005 and was at its lowest, 25, in 2017.
Venezuela ranks 191st of 191 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Starting a business - Score in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 47.46 | — |
| 2004 | 48.2 | +1.6% |
| 2005 | 49.34 | +2.3% |
| 2006 | 48.3 | -2.1% |
| 2007 | 48.75 | +0.9% |
| 2008 | 46.65 | -4.3% |
| 2009 | 47 | +0.8% |
| 2010 | 46.23 | -1.6% |
| 2011 | 46.74 | +1.1% |
| 2012 | 46.53 | -0.4% |
| 2013 | 45.55 | -2.1% |
| 2014 | 43.76 | -3.9% |
| 2015 | 38.88 | -11.1% |
| 2016 | 32.9 | -15.4% |
| 2017 | 25 | -24.0% |
| 2018 | 25 | +0.0% |
| 2019 | 25 | +0.0% |
Venezuela compared with similar countries
- Venezuela's 25 is below the median for lower middle income countries, which is 82.73, 30% of the median. (47 countries reporting)
- Venezuela's 25 is below the median for Latin America & Caribbean, which is 85.6, 29% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 47.96 | 46.65 | 49.34 | 7 |
| 2010s | 37.56 | 25 | 46.74 | 10 |
Countries ranked near Venezuela
More private sector data for Venezuela
- Merchandise trade 22.5% (2025)
- Food imports 18.4% (2013)
- Manufactures imports 70.7% (2013)
- Merchandise imports 13.80 billion current US$ (2025)
- Food exports 0.0% (2013)
- Manufactures exports 1.8% (2013)
- Merchandise exports 8.60 billion current US$ (2025)
- Merchandise exports (current US$), per capita 301.58 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0863 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -40.13 % change on previous year (2025)
Frequently asked questions
- What is starting a business - score in Venezuela?
- Starting a business - score in Venezuela was 25 in 2019, according to the World Bank.
- What is the highest starting a business - score recorded in Venezuela?
- The highest recorded value was 49.34 in 2005.
- What is the lowest starting a business - score recorded in Venezuela?
- The lowest recorded value was 25 in 2017.
- How does Venezuela rank for starting a business - score?
- Venezuela ranks 191st out of 191 countries with data for 2019.
- Is starting a business - score rising or falling in Venezuela?
- Over the last ten years it is down 46.8%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from the World Bank, published as part of Starting a business - Score. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The score for starting a business is the simple average of the scores for each of the component indicators: the procedures, time and cost for an entrepreneur to start and formally operate a business, as well as the paid-in minimum capital requirement.