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Enforcing contracts: Cost in Venezuela, República Bolivariana de

Venezuela, República Bolivariana de: Enforcing contracts: Cost was 43.7% in 2019. ▬ Flat

Latest (2019)
43.7%
Change on year
unchanged
World rank
34th
of 190 countries
All-time high
43.7%
in 2003
All-time low
43.7%
in 2003
Years of data
17
2003–2019

Enforcing contracts: Cost in Venezuela, República Bolivariana de, 2003–2019

0102030402003201120192003: 43.7 % of claim2004: 43.7 % of claim2005: 43.7 % of claim2006: 43.7 % of claim2007: 43.7 % of claim2008: 43.7 % of claim2009: 43.7 % of claim2010: 43.7 % of claim2011: 43.7 % of claim2012: 43.7 % of claim2013: 43.7 % of claim2014: 43.7 % of claim2015: 43.7 % of claim2016: 43.7 % of claim2017: 43.7 % of claim2018: 43.7 % of claim2019: 43.7 % of claim

Source: World Bank. Measured in % of claim.

Analysis

In 2019, enforcing contracts: cost in Venezuela, República Bolivariana de stood at 43.7%. That is the highest value across all 17 years on record.

Compared with earlier readings it is unchanged over ten years.

Over the whole period, enforcing contracts: cost in Venezuela, República Bolivariana de peaked at 43.7% in 2003 and was at its lowest, 43.7%, in 2003.

Venezuela, República Bolivariana de ranks 34th of 190 countries on this measure, in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2000s 43.7% 43.7% 43.7% 7
2010s 43.7% 43.7% 43.7% 10

Countries ranked near Venezuela, República Bolivariana de

  1. 31 São Tomé and Príncipe, Democratic Republic of 45.6% compare
  2. 32 Guinea 45.0% compare
  3. 33 Angola 44.4% compare
  4. 35 Albania 42.7% compare
  5. 36 Fiji, Republic of 42.6% compare
  6. 36 Haiti 42.6% compare

See the full ranking of 190 places →

More reference data data for Venezuela, República Bolivariana de

All data for Venezuela, República Bolivariana de →

Frequently asked questions

What is enforcing contracts: cost in Venezuela, República Bolivariana de?
Enforcing contracts: cost in Venezuela, República Bolivariana de was 43.7% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Venezuela, República Bolivariana de?
The highest recorded value was 43.7% in 2003.
What is the lowest enforcing contracts: cost recorded in Venezuela, República Bolivariana de?
The lowest recorded value was 43.7% in 2003.
How does Venezuela, República Bolivariana de rank for enforcing contracts: cost?
Venezuela, República Bolivariana de ranks 34th out of 190 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Venezuela, República Bolivariana de?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Venezuela, República Bolivariana de data come from?
The figures come from the World Bank, published as part of Enforcing contracts: Cost (% of claim). Statizoid updates them automatically from the source API.

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Enforcing contracts: Cost in Venezuela, República Bolivariana de. Statizoid. Retrieved 18 August 2026, from https://reference.statizoid.com/stat/enforcing-contracts-cost-percent-of-claim-2/venezuela-rb/

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About this data

Indicator
Enforcing contracts: Cost (% of claim)
Unit
% of claim
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,083 data points, 2003–2019
Last refreshed

The cost to enforce contracts is recorded as a percentage of the claim value, assumed to be equivalent to 200% of income per capita or $5,000, whichever is greater. Three types of costs are recorded: average attorney fees, court costs and enforcement costs. Bribes are not taken into account.