Venezuela Business Environment
Venezuela VE: Business Extent of Disclosure Index
VE: Business Extent of Disclosure Index data was reported at 3.000 NA in 2017. This stayed constant from the previous number of 3.000 NA for 2016. VE: Business Extent of Disclosure Index data is updated yearly, averaging 3.000 NA from Dec 2005 to 2017, with 13 observations. The data reached an all-time high of 3.000 NA in 2017 and a record low of 3.000 NA in 2017. VE: Business Extent of Disclosure Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Business Environment. Disclosure index measures the extent to which investors are protected through disclosure of ownership and financial information. The index ranges from 0 to 10, with higher values indicating more disclosure.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 3.00 2017 | yearly | 2005 - 2017 |
View Venezuela's Venezuela VE: Business Extent of Disclosure Index from 2005 to 2017 in the chart:
Venezuela VE: Delay in Obtaining An Electrical Connection
VE: Delay in Obtaining An Electrical Connection data was reported at 13.900 Day in 2010. This records a decrease from the previous number of 25.400 Day for 2006. VE: Delay in Obtaining An Electrical Connection data is updated yearly, averaging 19.650 Day from Dec 2006 to 2010, with 2 observations. The data reached an all-time high of 25.400 Day in 2006 and a record low of 13.900 Day in 2010. VE: Delay in Obtaining An Electrical Connection data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Business Environment. Delay in obtaining an electrical connection is the average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 13.90 2010 | yearly | 2006 - 2010 |
View Venezuela's Venezuela VE: Delay in Obtaining An Electrical Connection from 2006 to 2010 in the chart:
Venezuela VE: Depth of Credit Information Index: 0=Low To 8=High
VE: Depth of Credit Information Index: 0=Low To 8=High data was reported at 7.000 NA in 2017. This stayed constant from the previous number of 7.000 NA for 2016. VE: Depth of Credit Information Index: 0=Low To 8=High data is updated yearly, averaging 7.000 NA from Dec 2013 to 2017, with 5 observations. The data reached an all-time high of 7.000 NA in 2017 and a record low of 7.000 NA in 2017. VE: Depth of Credit Information Index: 0=Low To 8=High data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Business Environment. Depth of credit information index measures rules affecting the scope, accessibility, and quality of credit information available through public or private credit registries. The index ranges from 0 to 8, with higher values indicating the availability of more credit information, from either a public registry or a private bureau, to facilitate lending decisions.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 7.00 2017 | yearly | 2013 - 2017 |
View Venezuela's Venezuela VE: Depth of Credit Information Index: 0=Low To 8=High from 2013 to 2017 in the chart:
Venezuela VE: Ease of Doing Business Index: 1=Most Business-friendly Regulations
VE: Ease of Doing Business Index: 1=Most Business-friendly Regulations data was reported at 188.000 NA in 2017. VE: Ease of Doing Business Index: 1=Most Business-friendly Regulations data is updated yearly, averaging 188.000 NA from Dec 2017 to 2017, with 1 observations. VE: Ease of Doing Business Index: 1=Most Business-friendly Regulations data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Business Environment. Ease of doing business ranks economies from 1 to 190, with first place being the best. A high ranking (a low numerical rank) means that the regulatory environment is conducive to business operation. The index averages the country's percentile rankings on 10 topics covered in the World Bank's Doing Business. The ranking on each topic is the simple average of the percentile rankings on its component indicators.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; ; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 188.00 2017 | yearly | 2017 - 2017 |
View Venezuela's Venezuela VE: Ease of Doing Business Index: 1=Most Business-friendly Regulations from 2017 to 2017 in the chart:
VE: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance
VE: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance data was reported at 30.236 NA in 2019. This records a decrease from the previous number of 32.143 NA for 2018. VE: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance data is updated yearly, averaging 31.120 NA from Dec 2015 to 2019, with 5 observations. The data reached an all-time high of 34.128 NA in 2015 and a record low of 30.035 NA in 2017. VE: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Business Environment. The ease of doing business scores benchmark economies with respect to regulatory best practice, showing the proximity to the best regulatory performance on each Doing Business indicator. An economy’s score is indicated on a scale from 0 to 100, where 0 represents the worst regulatory performance and 100 the best regulatory performance.; ; World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme; Unweighted average; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 30.236 2019 | yearly | 2015 - 2019 |
View Venezuela's VE: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance from 2015 to 2019 in the chart:
Venezuela VE: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms
VE: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms data was reported at 6.400 % in 2010. This records an increase from the previous number of 2.600 % for 2006. VE: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms data is updated yearly, averaging 4.500 % from Dec 2006 to 2010, with 2 observations. The data reached an all-time high of 6.400 % in 2010 and a record low of 2.600 % in 2006. VE: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Business Environment. Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question 'was a gift or informal payment expected or requested during a meeting with tax officials?'; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 6.40 2010 | yearly | 2006 - 2010 |
View Venezuela's Venezuela VE: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Firms from 2006 to 2010 in the chart:
Venezuela VE: Firms Experiencing Electrical Outages: % of Firms
VE: Firms Experiencing Electrical Outages: % of Firms data was reported at 64.600 % in 2010. This records an increase from the previous number of 24.200 % for 2006. VE: Firms Experiencing Electrical Outages: % of Firms data is updated yearly, averaging 44.400 % from Dec 2006 to 2010, with 2 observations. The data reached an all-time high of 64.600 % in 2010 and a record low of 24.200 % in 2006. VE: Firms Experiencing Electrical Outages: % of Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Business Environment. Percent of firms experiencing electrical outages during the previous fiscal year.; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 64.60 2010 | yearly | 2006 - 2010 |
View Venezuela's Venezuela VE: Firms Experiencing Electrical Outages: % of Firms from 2006 to 2010 in the chart:
Venezuela VE: Labour Tax and Contributions: % of Commercial Profits
VE: Labour Tax and Contributions: % of Commercial Profits data was reported at 18.000 % in 2017. This stayed constant from the previous number of 18.000 % for 2016. VE: Labour Tax and Contributions: % of Commercial Profits data is updated yearly, averaging 18.000 % from Dec 2005 to 2017, with 13 observations. The data reached an all-time high of 18.000 % in 2017 and a record low of 17.700 % in 2006. VE: Labour Tax and Contributions: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Business Environment. Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 18.00 2017 | yearly | 2005 - 2017 |
View Venezuela's Venezuela VE: Labour Tax and Contributions: % of Commercial Profits from 2005 to 2017 in the chart:
Venezuela VE: Other Taxes Payable by Businesses: % of Commercial Profits
VE: Other Taxes Payable by Businesses: % of Commercial Profits data was reported at 37.100 % in 2017. This stayed constant from the previous number of 37.100 % for 2016. VE: Other Taxes Payable by Businesses: % of Commercial Profits data is updated yearly, averaging 37.100 % from Dec 2005 to 2017, with 13 observations. The data reached an all-time high of 37.200 % in 2011 and a record low of 14.400 % in 2010. VE: Other Taxes Payable by Businesses: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Business Environment. Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 37.10 2017 | yearly | 2005 - 2017 |
View Venezuela's Venezuela VE: Other Taxes Payable by Businesses: % of Commercial Profits from 2005 to 2017 in the chart:
Venezuela VE: Power Outages in Firms in A Typical Month
VE: Power Outages in Firms in A Typical Month data was reported at 2.600 Unit in 2010. This records an increase from the previous number of 0.600 Unit for 2006. VE: Power Outages in Firms in A Typical Month data is updated yearly, averaging 1.600 Unit from Dec 2006 to 2010, with 2 observations. The data reached an all-time high of 2.600 Unit in 2010 and a record low of 0.600 Unit in 2006. VE: Power Outages in Firms in A Typical Month data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Business Environment. Power outages are the average number of power outages that establishments experience in a typical month.; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;
| Last | Frequency | Range |
|---|---|---|
| 2.60 2010 | yearly | 2006 - 2010 |
View Venezuela's Venezuela VE: Power Outages in Firms in A Typical Month from 2006 to 2010 in the chart:
Venezuela VE: Profit Tax: % of Commercial Profits
VE: Profit Tax: % of Commercial Profits data was reported at 9.800 % in 2017. This records a decrease from the previous number of 10.300 % for 2016. VE: Profit Tax: % of Commercial Profits data is updated yearly, averaging 10.200 % from Dec 2005 to 2017, with 13 observations. The data reached an all-time high of 19.500 % in 2010 and a record low of 6.600 % in 2012. VE: Profit Tax: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Business Environment. Profit tax is the amount of taxes on profits paid by the business.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 9.80 2017 | yearly | 2005 - 2017 |
View Venezuela's Venezuela VE: Profit Tax: % of Commercial Profits from 2005 to 2017 in the chart:
Venezuela VE: Strength of Legal Rights Index: 0=Weak To 12=Strong
VE: Strength of Legal Rights Index: 0=Weak To 12=Strong data was reported at 1.000 NA in 2017. This stayed constant from the previous number of 1.000 NA for 2016. VE: Strength of Legal Rights Index: 0=Weak To 12=Strong data is updated yearly, averaging 1.000 NA from Dec 2013 to 2017, with 5 observations. The data reached an all-time high of 1.000 NA in 2017 and a record low of 1.000 NA in 2017. VE: Strength of Legal Rights Index: 0=Weak To 12=Strong data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Business Environment. Strength of legal rights index measures the degree to which collateral and bankruptcy laws protect the rights of borrowers and lenders and thus facilitate lending. The index ranges from 0 to 12, with higher scores indicating that these laws are better designed to expand access to credit.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 1.00 2017 | yearly | 2013 - 2017 |