Enforcing contracts: Time in Venezuela

Venezuela: Enforcing contracts: Time was 720 days in 2019. ▲ Rising

Latest (2019)
720 days
Change on year
unchanged
World rank
53rd
of 188 countries
All-time high
720 days
in 2013
All-time low
510 days
in 2003
Years of data
17
2003–2019

Enforcing contracts: Time in Venezuela, 2003–2019

02004006008002003201120192003: 510 days2004: 510 days2005: 510 days2006: 510 days2007: 510 days2008: 510 days2009: 510 days2010: 510 days2011: 510 days2012: 560 days2013: 720 days2014: 720 days2015: 720 days2016: 720 days2017: 720 days2018: 720 days2019: 720 days

Source: World Bank. Measured in days.

Analysis

In 2019, enforcing contracts: time in Venezuela stood at 720 days. That is the highest value across all 17 years on record.

The figure is up 41.2% over ten years.

Over the whole period, enforcing contracts: time in Venezuela peaked at 720 days in 2013 and was at its lowest, 510 days, in 2003.

That places Venezuela 53rd out of 188 countries with data for 2019, putting it in the middle of the range.

The long-run direction has been consistently rising across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 510 days 510 days 510 days 7
2010s 662 days 510 days 720 days 10

Countries ranked near Venezuela

  1. 50 Dominica 741 days compare
  2. 51 Uruguay 725 days compare
  3. 52 Lebanon 721 days compare
  4. 54 Ghana 710 days compare
  5. 55 Libya 690 days compare
  6. 56 Grenada 688 days compare

See the full ranking of 190 places →

More reference data data for Venezuela

All data for Venezuela →

Frequently asked questions

What is enforcing contracts: time in Venezuela?
Enforcing contracts: time in Venezuela was 720 days in 2019, according to the World Bank.
What is the highest enforcing contracts: time recorded in Venezuela?
The highest recorded value was 720 days in 2013.
What is the lowest enforcing contracts: time recorded in Venezuela?
The lowest recorded value was 510 days in 2003.
How does Venezuela rank for enforcing contracts: time?
Venezuela ranks 53rd out of 188 countries with data for 2019.
Is enforcing contracts: time rising or falling in Venezuela?
Over the last ten years it is up 41.2%. The long-run trend across the full record is rising.
Where does this Venezuela data come from?
The figures come from the World Bank, published as part of Enforcing contracts: Time (days). 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

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

The time to enforce contracts is recorded in calendar days, counted from the moment plaintiff decides to file the lawsuit in court until payment. The average duration of the following three different stages of dispute resolution is recorded: (i) filing and service, (ii) trial and judgment, and (iii) enforcement.