Paying taxes: Total tax and contribution rate (% of profit) - Score in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Paying taxes: Total tax and contribution rate (% of profit) - Score was 25.9% in 2019. ▼ Falling
Paying taxes: Total tax and contribution rate (% of profit) - Score in Venezuela, Bolivarian Republic of, 2005–2019
Source: World Bank.
Analysis
In 2019, paying taxes: total tax and contribution rate (% of profit) - score in Venezuela, Bolivarian Republic of stood at 25.9%. That is the lowest value across all 15 years on record.
Compared with earlier readings it is down 18.8% on the previous year and down 46.8% over ten years.
Over the whole period, paying taxes: total tax and contribution rate (% of profit) - score in Venezuela, Bolivarian Republic of peaked at 65.6% in 2006 and was at its lowest, 25.9%, in 2019.
That places Venezuela, Bolivarian Republic of 183rd out of 191 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Total tax and contribution rate (% of profit) - Score in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 65.1% | — |
| 2006 | 65.6% | +0.9% |
| 2007 | 59.7% | -9.0% |
| 2008 | 56.5% | -5.4% |
| 2009 | 48.7% | -13.8% |
| 2010 | 62.3% | +28.0% |
| 2011 | 44.7% | -28.2% |
| 2012 | 46.9% | +4.8% |
| 2013 | 41.1% | -12.4% |
| 2014 | 41.1% | +0.0% |
| 2015 | 41.6% | +1.3% |
| 2016 | 40.9% | -1.6% |
| 2017 | 31.9% | -22.2% |
| 2018 | 31.9% | +0.0% |
| 2019 | 25.9% | -18.8% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 25.9% is below the median for lower middle income countries, which is 83.3%, 31% of the median. (47 countries reporting)
- Venezuela, Bolivarian Republic of's 25.9% is below the median for Latin America & Caribbean, which is 81.7%, 32% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 59.1% | 48.7% | 65.6% | 5 |
| 2010s | 40.8% | 25.9% | 62.3% | 10 |
Countries ranked near Venezuela, Bolivarian Republic of
- 180 Guinea 33.4% compare
- 181 Colombia 29.9% compare
- 182 Afghanistan 29.5% compare
- 184 Central African Republic 25.8% compare
- 185 Palau 19.2% compare
- 186 Equatorial Guinea 13.2% compare
More reference data data for Venezuela, Bolivarian Republic of
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 10.29 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.34 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 6.85 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2667 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.29 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure applied to Soils 1,190 (2050)
- Emission Totals - Direct emissions (N2O) - Agricultural Soils 41.16 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop 110.44 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - IPCC Agriculture 14,168 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure left on Pasture 10,074 (2050)
Frequently asked questions
- What is paying taxes: total tax and contribution rate (% of profit) - score in Venezuela, Bolivarian Republic of?
- Paying taxes: total tax and contribution rate (% of profit) - score in Venezuela, Bolivarian Republic of was 25.9% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate (% of profit) - score recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 65.6% in 2006.
- What is the lowest paying taxes: total tax and contribution rate (% of profit) - score recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 25.9% in 2019.
- How does Venezuela, Bolivarian Republic of rank for paying taxes: total tax and contribution rate (% of profit) - score?
- Venezuela, Bolivarian Republic of ranks 183rd out of 191 countries with data for 2019.
- Is paying taxes: total tax and contribution rate (% of profit) - score rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 46.8%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from the World Bank, published as part of Paying taxes: Total tax and contribution rate (% of profit) - Score. Statizoid updates them automatically from the source API.
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CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The score for total tax and contribution rate benchmarks economies with respect to the regulatory best practice on the indicator. The score is indicated on a scale from 0 to 100, where 0 represents the worst regulatory performance and 100 the best regulatory performance.