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A view of Venezuela

Photo: Samuel Bristow · CC0 · via Wikimedia Commons, shown in greyscale

01The evidence

The 4 key statistics that decide it

Only these place Venezuela on economy & innovation — one vote each. Every value is the publisher’s own, read at the edition the Country Index 2026 used — or, for a survey-based key, each country’s latest reading; the grey ticks are every other country it was compared with, lowest on the left.

Why these keys
  1. Key 1 of 4

    GDP per Capita (PPP)

    World Bank Group

    Why it is a key

    2025 edition · data for 2025 · CC BY 4.0

    No reading

    GDP per capita (constant 2021 international $, PPP)

    Higher is better

    World Bank Group publishes no 2025 figure for Venezuela, so the standing rests on the other keys.

    Across the 185 countries in this edition, values run from 1,067 (Burundi) to 139,593 (Singapore); the world median is 17,265.

    World median
    17,265
    Best in South America
    83,659 Guyana
    Land neighbours
    Brazil 20,025 · Colombia 18,779 · Guyana 83,659
  2. Key 2 of 4

    Firms with a Bank Loan or Line of Credit

    World Bank Group

    Why it is a key

    Latest reading per country, 2016–2025 · CC BY 4.0

    No reading

    Firms with a bank loan or line of credit (%)

    Higher is better

    World Bank Group publishes no reading from 2016–2025 for Venezuela, so the standing rests on the other keys.

    Across the 179 countries at their latest reading, values run from 2.113 (Pakistan) to 88.52 (Israel); the world median is 35.95.

    World median
    35.95
    Best in South America
    82.72 Chile
    Land neighbours
    Brazil 57.56 · Colombia 49.06 · Guyana 50.52
  3. Key 3 of 4

    Economic Complexity Index

    Growth Lab at Harvard University

    Why it is a key

    2024 edition · data for 2024 · CC0 1.0

    -1.601

    ECI score (standardised, roughly −3 to +3)

    Higher is better

    Ranked 133rd of 145 by Growth Lab at Harvard University

    Venezuela: -1.601. Across the 145 countries in this edition, values run from -3.53 (Chad) to 1.729 (Japan); the world median is 0.131.

    World median
    0.131
    Best in South America
    0.349 Brazil
    Land neighbours
    Brazil 0.349 · Colombia 0.233
  4. Key 4 of 4

    Account Ownership at a Financial Institution

    World Bank Group

    Why it is a key

    2024 edition · data for 2024 · CC BY 4.0

    87.32

    Adults with an account (% of population aged 15+)

    Higher is better

    Venezuela: 87.32. Across the 139 countries in this edition, values run from 14.83 (Niger) to 99.85 (Iceland); the world median is 72.83.

    World median
    72.83
    Best in South America
    87.32 Venezuela
    Land neighbours
    Brazil 86.38 · Colombia 57.06

03In context

Venezuela beside its neighbours

A position reads best beside the countries around it. Every position below is a place among all 176 countries on economy & innovation, never a place within the region.

South America
1st176thNot placed · 48 countries with too few key statisticsNo data

The whole world on economy & innovation

Venezuela and the countries it borders

Standing among all 176; the key columns are the publishers’ own values.

CountryStandingGDP per Capita (PPP)GDP per capita (constant 2021 international $, PPP)Firms with a Bank Loan or Line of CreditFirms with a bank loan or line of credit (%)Economic Complexity IndexECI score (standardised, roughly −3 to +3)Account Ownership at a Financial InstitutionAdults with an account (% of population aged 15+)
Brazil=46th20,02557.560.34986.38
Colombiacompare=77th18,77949.060.23357.06
Venezuela108th—35.37-1.60187.32
Guyananot placed83,65950.52——

“—”: no published reading in that edition. What a standing is

Placed either side on economy & innovation

The countries immediately above and below Venezuela in the topic’s list.

04Context, no vote

Where Venezuela is ahead of the world, and behind

31 more statistics filed under economy & innovation, published in full and deliberately given no vote in the standing. Select a row for the publisher, the rank and the links.

Every country

Ahead of the world median2

Statistics on which Venezuela does better than the middle country measured.

  • Firms with an International Quality CertificationWorld Bank Group · 2026 · world median 10.425.92No earlier reading

    Venezuela: 25.92 · world median 10.4 · Firms with an internationally recognised quality certification (%). World Bank Group, 2026 edition, data for 2026.

    Published values in that edition run from 0 to 45.77; higher is better.

    Chart and every countryThe 2026 dataset

  • Firms Competing Against Informal FirmsWorld Bank Group · 2026 · world median 41.8129.76No earlier reading

    Venezuela: 29.76 · world median 41.81 · Firms competing against unregistered or informal firms (%). World Bank Group, 2026 edition, data for 2026.

    Published values in that edition run from 1.926 to 90.5; lower is better.

    Position 125th of 181 · derived, 1st = worst.

    Chart and every countryThe 2026 dataset

Behind the world median16

Statistics on which Venezuela does worse than the middle country measured.

  • Liner Shipping Connectivity IndexUNCTAD · 2026 · world median 56.2138.28▼ Worsened since 2016

    Venezuela: 38.28 · world median 56.21 · LSCI (index, average Q1 2023 = 100). UN Trade and Development (UNCTAD), 2026 edition, data for 2026.

    Published values in that edition run from 4.13 to 1,319; higher is better.

    Ranked 99th of 175 by UNCTAD.

    Chart and every countryThe 2026 dataset

  • Informal Output (DGE Model Estimate)World Bank Group (Prospects Group) · 2020 · world median 27.530.43▼ Worsened since 2010

    Venezuela: 30.43 · world median 27.5 · Informal output, model estimate (% of official GDP). World Bank Group (Prospects Group), 2020 edition, data for 2020.

    Published values in that edition run from 7.91 to 60.43; lower is better.

    Chart and every countryThe 2020 dataset

  • Frontier Technology Readiness IndexUNCTAD · 2023 · world median 0.4850.353▼ Worsened since 2013

    Venezuela: 0.353 · world median 0.485 · Frontier Technology Readiness Index (0–1). UN Trade and Development (UNCTAD), 2023 edition, data for 2023.

    Published values in that edition run from 0 to 1; higher is better.

    Position 118th of 170 · derived.

    Chart and every countryThe 2023 dataset

  • Researchers per Million InhabitantsUIS · 2024 · world median 701.95179.96No earlier reading

    Venezuela: 179.96 · world median 701.95 · Researchers per million inhabitants (full-time equivalent). UNESCO Institute for Statistics (UIS), 2024 edition, data for 2024.

    Published values in that edition run from 1.446 to 18,130; higher is better.

    Position 101st of 145 · derived.

    Chart and every countryThe 2024 dataset

  • Historical GDP per Capita (Maddison)GGDC · 2022 · world median 12,8905,267▼ Worsened since 2012

    Venezuela: 5,267 · world median 12,890 · GDP per capita (2011 international $). Maddison Project, Groningen Growth and Development Centre (GGDC), 2022 edition, data for 2022.

    Published values in that edition run from 596.39 to 149,171; higher is better.

    Position 118th of 166 · derived.

    Chart and every countryThe 2022 dataset

  • Government AI Readiness IndexOxford Insights · 2025 · world median 40.1925.55▲ Improved since 2020

    Venezuela: 25.55 · world median 40.19 · AI readiness score (0–100). Oxford Insights, 2025 edition, data for 2025.

    Published values in that edition run from 12.12 to 88.36; higher is better.

    Ranked 145th of 195 by Oxford Insights.

    Chart and every countryThe 2025 dataset

  • GDP GrowthWorld Bank Group · 2025 · world median 3.3961.571▲ Improved since 2015

    Venezuela: 1.571 · world median 3.396 · GDP growth (annual %). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from -5.847 to 19.34; higher is better.

    Position 145th of 186 · derived.

    Chart and every countryThe 2025 dataset

  • Crop Production IndexFAO · 2022 · world median 106.2393.94▼ Worsened since 2012

    Venezuela: 93.94 · world median 106.23 · Crop production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.

    Published values in that edition run from 53.79 to 189.93; higher is better.

    Position 160th of 195 · derived.

    Chart and every countryThe 2022 dataset

  • Water-Use EfficiencyFAO · 2023 · world median 16.14.56▼ Worsened since 2013

    Venezuela: 4.56 · world median 16.1 · Value added per cubic metre of freshwater withdrawn (constant US$ per m³). Food and Agriculture Organization of the United Nations (FAO), 2023 edition, data for 2023.

    Published values in that edition run from 0.38 to 1,378; higher is better.

    Chart and every countryThe 2023 dataset

  • Productive Capacities IndexUNCTAD · 2022 · world median 46.6731.21▼ Worsened since 2012

    Venezuela: 31.21 · world median 46.67 · Productive Capacities Index (1–100). UN Trade and Development (UNCTAD), 2022 edition, data for 2022.

    Published values in that edition run from 17.8 to 71.02; higher is better.

    Position 163rd of 195 · derived.

    Chart and every countryThe 2022 dataset

  • Food Production IndexFAO · 2022 · world median 106.0889.88▼ Worsened since 2012

    Venezuela: 89.88 · world median 106.08 · Food production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.

    Published values in that edition run from 71.08 to 177.49; higher is better.

    Position 173rd of 195 · derived.

    Chart and every countryThe 2022 dataset

  • Logistics Performance IndexWorld Bank Group · 2023 · world median 2.92.3▼ Worsened since 2014

    Venezuela: 2.3 · world median 2.9 · LPI score (1–5). World Bank Group, 2023 edition, data for 2023.

    Published values in that edition run from 1.9 to 4.3; higher is better.

    Ranked 123rd of 139 by World Bank Group.

    Chart and every countryThe 2023 dataset

  • Livestock Production IndexFAO · 2022 · world median 107.0687.23▼ Worsened since 2012

    Venezuela: 87.23 · world median 107.06 · Livestock production index (2014–2016 = 100). Food and Agriculture Organization of the United Nations (FAO), 2022 edition, data for 2022.

    Published values in that edition run from 35.52 to 190.08; higher is better.

    Position 182nd of 194 · derived.

    Chart and every countryThe 2022 dataset

  • Global Innovation IndexWorld Intellectual Property Organization · 2025 · world median 28.5213.73No earlier reading

    Venezuela: 13.73 · world median 28.52 · GII score (0–100). World Intellectual Property Organization, 2025 edition, data for 2025.

    Published values in that edition run from 11.94 to 65.96; higher is better.

    Ranked 136th of 139 by World Intellectual Property Organization.

    Chart and every countryThe 2025 dataset

  • Regulatory QualityWorld Bank Group · 2025 · world median -0.093-1.985No real change since 2015

    Venezuela: -1.985 · world median -0.093 · Regulatory Quality (−2.5 to 2.5). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from -2.106 to 2.113; higher is better.

    Position 207th of 209 · derived.

    Chart and every countryThe 2025 dataset

  • Total Factor Productivity LevelGGDC · 2023 · world median 0.6270.052▼ Worsened since 2013

    Venezuela: 0.052 · world median 0.627 · TFP level at current PPPs (USA = 1). Groningen Growth and Development Centre (GGDC), 2023 edition, data for 2023.

    Published values in that edition run from 0.052 to 1.192; higher is better.

    Chart and every countryThe 2023 dataset

No better end13

These describe the shape of a country — more is not better or worse, only different — so they are never ahead or behind.

  • Inflation, GDP DeflatorWorld Bank Group · 2025 · world median 3.306227.09No real change since 2015

    Venezuela: 227.09 · world median 3.306 · Annual change in the GDP implicit deflator (%). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from -7.93 to 227.09.

    Chart and every countryThe 2025 dataset

  • Price Level of Household ConsumptionGGDC · 2023 · world median 0.52365.54Moved since 2013

    Venezuela: 65.54 · world median 0.523 · Price level of household consumption (US output price level in 2021 = 1). Groningen Growth and Development Centre (GGDC), 2023 edition, data for 2023.

    Published values in that edition run from 0.177 to 65.54.

    Chart and every countryThe 2023 dataset

  • Export Concentration IndexUNCTAD · 2025 · world median 0.3060.762No real change since 2015

    Venezuela: 0.762 · world median 0.306 · Export concentration index (0–1, normalised Herfindahl–Hirschman). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.

    Published values in that edition run from 0.059 to 0.933.

    Chart and every countryThe 2025 dataset

  • Tariff Rate, Applied, Weighted Mean, All ProductsWorld Bank Group · 2022 · world median 3.6612.84Moved since 2012

    Venezuela: 12.84 · world median 3.66 · Applied tariff rate, trade-weighted mean (%). World Bank Group, 2022 edition, data for 2022.

    Published values in that edition run from 0 to 29.52.

    Chart and every countryThe 2022 dataset

  • Merchant Fleet by Country of OwnershipUNCTAD · 2026 · world median 275.732,799No real change since 2016

    Venezuela: 2,799 · world median 275.73 · Merchant fleet owned (thousand dead-weight tons). UN Trade and Development (UNCTAD), 2026 edition, data for 2026.

    Published values in that edition run from 0 to 397,071.

    Chart and every countryThe 2026 dataset

  • Commodity Export DependenceUNCTAD · 2024 · world median 67.1781.16Moved since 2014

    Venezuela: 81.16 · world median 67.17 · Commodity exports (% of merchandise exports, three-year average). UN Trade and Development (UNCTAD), 2024 edition, data for 2024.

    Published values in that edition run from 4.605 to 99.77.

    Chart and every countryThe 2024 dataset

  • Scholarly ArticlesOurResearch · 2025 · world median 2,2403,449Moved since 2022

    Venezuela: 3,449 · world median 2,240 · Articles with at least one author at an institution in the country (full counting). OpenAlex (OurResearch), 2025 edition, data for 2025.

    Published values in that edition run from 1 to 1,094,890.

    Chart and every countryThe 2025 dataset

  • Exports of Goods and Services (% of GDP)World Bank Group · 2025 · world median 36.3414.9Moved since 2015

    Venezuela: 14.9 · world median 36.34 · Exports of goods and services (% of GDP). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from 1.103 to 199.76.

    Position 125th of 138 · derived, counted from the highest value.

    Chart and every countryThe 2025 dataset

  • Complexity Outlook IndexGrowth Lab at Harvard University · 2024 · world median -0.225-1.205Moved since 2014

    Venezuela: -1.205 · world median -0.225 · Complexity Outlook Index (standardised; roughly −2.5 to +3). Growth Lab at Harvard University, 2024 edition, data for 2024.

    Published values in that edition run from -1.682 to 2.878.

    Chart and every countryThe 2024 dataset

  • Foreign Direct Investment InflowsUNCTAD · 2025 · world median 1.968-0.244Moved since 2015

    Venezuela: -0.244 · world median 1.968 · FDI inflows (% of GDP). UN Trade and Development (UNCTAD), 2025 edition, data for 2025.

    Published values in that edition run from -32.97 to 2,221.

    Chart and every countryThe 2025 dataset

  • Gross Capital Formation (% of GDP)World Bank Group · 2025 · world median 22.935.927Moved since 2015

    Venezuela: 5.927 · world median 22.93 · Gross capital formation (% of GDP). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from -3.679 to 45.27.

    Position 128th of 131 · derived, counted from the highest value.

    Chart and every countryThe 2025 dataset

  • Trade (% of GDP)World Bank Group · 2025 · world median 79.6825.01Moved since 2015

    Venezuela: 25.01 · world median 79.68 · Exports plus imports (% of GDP). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from 2.382 to 396.65.

    Position 136th of 138 · derived, counted from the highest value.

    Chart and every countryThe 2025 dataset

  • Imports of Goods and Services (% of GDP)World Bank Group · 2025 · world median 41.7210.11Moved since 2015

    Venezuela: 10.11 · world median 41.72 · Imports of goods and services (% of GDP). World Bank Group, 2025 edition, data for 2025.

    Published values in that edition run from 1.279 to 196.89.

    Position 137th of 138 · derived, counted from the highest value.

    Chart and every countryThe 2025 dataset

No current reading for Venezuela

Actual Individual Consumption per Capita (PPP), Adjusted Net Savings, Agriculture, Forestry and Fishing Value Added (% of GDP) (last 1990), Average Monthly Earnings of Employees, Business Ready: Operational Efficiency, Business Ready: Public Services, Business Ready: Regulatory Framework, Comprehensive Wealth per Capita, Container Port Traffic (last 2021), Creative Goods Exports (last 2013), Creative Services Exports, Debt Service on External Debt, Digitally-Deliverable Services Exports (last 2016), External Debt Stocks (% of GNI), Foreign Value Added Share of Gross Exports, GDP per Capita (PPP), General Government Consumption (last 2011), Gini Index (last 2006), Gini Index of Disposable Income (SWIID) (last 2021), GNI per Capita (PPP), Gross Savings (% of GDP) (last 2016), Household Consumption (last 2011), ICT Goods Exports (last 2013), ICT Services Exports (last 2020), Income Share Held by Lowest 20% (last 2006), Income Share Held by Richest 10% (last 2006), Industry Value Added including Construction (% of GDP) (last 1990), Interest Payments on External Debt, Management Practices Index, Manufacturing Value Added (% of GDP) (last 1990), New Business Density, Palma Ratio (last 2006), Research and Development Spending (last 2014), Services Exports (last 2021), Statutory Corporate Income Tax Rate, Statutory Minimum Wage, Tax Revenue (% of GDP) (last 2013), Terms of Trade Index (last 2018), Total Natural Resources Rents (% of GDP) (last 2014) and World Energy Trilemma Index. Listed rather than hidden, so the page can be checked against it.

“Position · derived” is this site’s ordering of the published values, 1st = best unless the row says otherwise; the publisher ranks no country on it. Rank, position and standing

06The top of the list

Who leads on economy & innovation

The three countries placed highest of 176, and the leaders Venezuela can most readily be measured against.

All 176 countries
  1. 1

    Austria

    Western Europe

    1st of 176 · 4 of 4 keys

    Photo: chensiyuan · CC BY-SA 4.0, greyscale

  2. 2

    Japan

    Eastern Asia

    2nd of 176 · 4 of 4 keys

    Photo: JurriaanH · CC BY-SA 3.0, greyscale

  3. 3

    Germany

    Western Europe

    3rd of 176 · 4 of 4 keys

    Photo: dronepicr · CC BY 2.0, greyscale

Placed highest nearby

  1. Highest in Americas

    Canada18th4/4 keys
  2. Highest in South America

    Chile41st4/4 keys
  3. This page

    Venezuela108th2/4 keys

Positions out of 176 placed on the topic. A country needs readings on enough keys to be placed, and the top of the list is often held on fewer of them.

08Questions

Venezuela on economy & innovation: questions answered

Every answer is built from the numbers on this page, so none can say something the page does not.

How does Venezuela rank on economy & innovation?

Venezuela is placed 108th of 176 countries on Economy & Innovation in the Country Index 2026, from 2 of its 4 key statistics (Economic Complexity Index and Account Ownership at a Financial Institution). The position is this site’s ordering of published statistics, not a rank any publisher printed.

What is the latest Economic Complexity Index figure for Venezuela?

-1.601 in 2024 (eCI score (standardised, roughly −3 to +3)), according to Growth Lab at Harvard University. The world median in the same edition was 0.131.

What is the latest Account Ownership at a Financial Institution figure for Venezuela?

87.32 in 2024 (adults with an account (% of population aged 15+)), according to World Bank Group. The world median in the same edition was 72.83.

How does Venezuela compare with Brazil on economy & innovation?

Brazil is placed joint 46th of 176, and Venezuela 108th. Economic Complexity Index: Brazil 0.349, Venezuela -1.601; Account Ownership at a Financial Institution: Brazil 86.38, Venezuela 87.32.

How have Venezuela’s economy & innovation figures changed?

Economic Complexity Index fell from 0.457 in 2000 to -1.601 in 2024; Account Ownership at a Financial Institution rose from 44.12 in 2011 to 87.32 in 2024.

Which economy & innovation statistics are missing for Venezuela?

No current reading is published for Venezuela on Actual Individual Consumption per Capita (PPP), Adjusted Net Savings, Agriculture, Forestry and Fishing Value Added (% of GDP), Average Monthly Earnings of Employees, Business Ready: Operational Efficiency, Business Ready: Public Services, Business Ready: Regulatory Framework, Comprehensive Wealth per Capita, Container Port Traffic, Creative Goods Exports, Creative Services Exports, Debt Service on External Debt, Digitally-Deliverable Services Exports, External Debt Stocks (% of GNI), Foreign Value Added Share of Gross Exports, GDP per Capita (PPP), General Government Consumption, Gini Index, Gini Index of Disposable Income (SWIID), GNI per Capita (PPP), Gross Savings (% of GDP), Household Consumption, ICT Goods Exports, ICT Services Exports, Income Share Held by Lowest 20%, Income Share Held by Richest 10%, Industry Value Added including Construction (% of GDP), Interest Payments on External Debt, Management Practices Index, Manufacturing Value Added (% of GDP), New Business Density, Palma Ratio, Research and Development Spending, Services Exports, Statutory Corporate Income Tax Rate, Statutory Minimum Wage, Tax Revenue (% of GDP), Terms of Trade Index, Total Natural Resources Rents (% of GDP) and World Energy Trilemma Index. They are listed rather than hidden, so the evidence on the page can be checked against it.

09Method

Method, sources and how to cite

What this topic does not measure

The total size of an economy is deliberately left out: a very large economy spread over a very large population is not doing more for each person. Growth rates, trade shares and the structure of output (how much is farming, industry or services) are published here as context, because they describe an economy's shape rather than how well it serves people. Jobs and wages have their own topic, Work & Labour.

About economy & innovation, in full

How the Economy & Innovation standing is decided

A standing is this site’s ordering, named with its edition — never a publisher’s rank. 4 key statistics vote, one vote each; every country’s published value becomes a place within that key’s own field, the places are averaged, and the average is never published. A country needs 2 of the 4 keys to be placed.

The economy & innovation method, step by stepHow every standing on this site is built

The key statistics and their licences

The other 31 statistics on this page come from 11 publishers, each named beside its numbers, with every edition and licence on the datasets pages.

The standing itself is part of the Country Index 2026, published under CC BY-SA 4.0.

Photographs

Venezuela’s banner and the countries placed highest, from their profiles: Wikimedia Commons, shown in greyscale, each used under the licence named.

Cite this page

Nations Inquiry (2026). Venezuela: Economy & Innovation — standing and statistics, Country Index 2026. https://nationsinquiry.com/countries/venezuela/economy

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