Enforcing contracts: Time (days) in Venezuela
Venezuela: Enforcing contracts: Time (days) was 720 days in 2019. ▲ Rising
Enforcing contracts: Time in Venezuela, 2003–2019
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 191 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.
Enforcing contracts: Time (days) in Venezuela, year by year
| Year | days | Change |
|---|---|---|
| 2003 | 510 days | — |
| 2004 | 510 days | +0.0% |
| 2005 | 510 days | +0.0% |
| 2006 | 510 days | +0.0% |
| 2007 | 510 days | +0.0% |
| 2008 | 510 days | +0.0% |
| 2009 | 510 days | +0.0% |
| 2010 | 510 days | +0.0% |
| 2011 | 510 days | +0.0% |
| 2012 | 560 days | +9.8% |
| 2013 | 720 days | +28.6% |
| 2014 | 720 days | +0.0% |
| 2015 | 720 days | +0.0% |
| 2016 | 720 days | +0.0% |
| 2017 | 720 days | +0.0% |
| 2018 | 720 days | +0.0% |
| 2019 | 720 days | +0.0% |
Venezuela compared with similar countries
- Venezuela's 720 days is above the median for lower middle income countries, which is 591 days, 1.2× the median. (47 countries reporting)
- Venezuela's 720 days is above the median for Latin America & Caribbean, which is 645 days, 1.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 510 days | 510 days | 510 days | 7 |
| 2010s | 662 days | 510 days | 720 days | 10 |
Countries ranked near Venezuela
More reference data data for Venezuela
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Crop Residues 384.74 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 1,173 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 43,034 (2050)
- Emission Totals - Emissions (CH4) - Manure Management 41.9 (2050)
- Emission Totals - Emissions (N2O) - Burning - Crop residues 0.1023 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.91 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop 110.44 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Enteric 39,390 (2050)
- Emission Totals - Emissions (CH4) - IPCC Agriculture 1,537 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.45 (2050)
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 191 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
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.