Australia vs Venezuela: Comparative advantage in environmental goods
Comparative advantage in environmental goods over time
- Australia
- Venezuela
How they compare
Venezuela currently reports 0.1775 index against 0.1567 index in Australia, a difference of 0.0208 index.
That makes Venezuela's figure about 1.1 times Australia's.
Across all 15 years both countries report, Australia has been ahead every year.
Australia ranks 102nd and Venezuela ranks 100th of 163 countries.
Australia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Australia | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.3849 index | 0.2515 index | 0.1334 index | Australia |
| 2000s | 0.3608 index | 0.1669 index | 0.1939 index | Australia |
| 2010s | 0.2553 index | 0.1026 index | 0.1526 index | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher comparative advantage in environmental goods, Australia or Venezuela?
- Venezuela, at 0.1775 index against 0.1567 index in Australia as of 2013.
- What is the difference in comparative advantage in environmental goods between Australia and Venezuela?
- 0.0208 index, with Venezuela ahead.
- How many years of comparable data are there for Australia and Venezuela?
- 15 years are reported by both, from 1998 to 2013.
- How do Australia and Venezuela rank globally for comparative advantage in environmental goods?
- Australia ranks 102nd and Venezuela ranks 100th of 163 countries.
- Where does this data come from?
- IMF Climate Change Dashboard. Data sources: UN Comtrade, DESA/UNSD; IMF staff calculations, published as Comparative advantage in environmental goods (index). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” Comparative advantage is a measure of the relative advantage or disadvantage a particular country has in a certain class of goods (in this case, environmental goods), and can be used to evaluate export potential in that class of goods. Environmental goods include both goods connected to environmental protection—such as goods related to pollution management and resource management—and adapted goods—which are goods that have been specifically modified to be more “environmentally friendly” or “cleaner.” A value greater than one indicates a relative advantage in environmental goods, while a value of less than one indicates a relative disadvantage.