Resolving insolvency - Score in Venezuela

Venezuela: Resolving insolvency - Score was 18.5 in 2019. ▬ Flat

Latest (2019)
18.5
Change on year
down 0.7%
World rank
166th
of 191 countries
All-time high
19.21
in 2006
All-time low
17.45
in 2003
Years of data
17
2003–2019

Resolving insolvency - Score in Venezuela, 2003–2019

051015202003201120192003: 17.42004: 18.32005: 18.92006: 19.22007: 19.22008: 18.82009: 18.82010: 18.82011: 18.92012: 19.12013: 19.12014: 19.22015: 192016: 18.82017: 18.72018: 18.62019: 18.5

Source: World Bank.

Analysis

Venezuela recorded 18.5 for resolving insolvency - score in 2019.

That represents a change of down 0.7% on the previous year and down 1.7% over ten years.

Over the whole period, resolving insolvency - score in Venezuela peaked at 19.21 in 2006 and was at its lowest, 17.45, in 2003.

That places Venezuela 166th out of 191 countries with data for 2019, putting it in the bottom quarter.

Resolving insolvency - Score in Venezuela, year by year

Annual values for Resolving insolvency - Score in Venezuela, 2003 to 2019.
Year Value Change
2003 17.45
2004 18.25 +4.6%
2005 18.9 +3.5%
2006 19.21 +1.7%
2007 19.15 -0.3%
2008 18.83 -1.7%
2009 18.83 +0.0%
2010 18.81 -0.1%
2011 18.94 +0.6%
2012 19.05 +0.6%
2013 19.15 +0.5%
2014 19.2 +0.3%
2015 19.05 -0.8%
2016 18.8 -1.3%
2017 18.66 -0.8%
2018 18.63 -0.2%
2019 18.5 -0.7%

Venezuela compared with similar countries

  • Venezuela's 18.5 is below the median for lower middle income countries, which is 36.99, 50% of the median. (47 countries reporting)
  • Venezuela's 18.5 is below the median for Latin America & Caribbean, which is 40.03, 46% of the median. (33 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 18.66 17.45 19.21 7
2010s 18.88 18.5 19.2 10

Countries ranked near Venezuela

  1. 163 Sierra Leone 24.73 compare
  2. 164 Guyana 22.38 compare
  3. 165 Myanmar 20.39 compare
  4. 167 Palau 16.38 compare
  5. 168 Marshall Islands 9.19 compare
  6. 169 Angola 0
  7. 169 Bhutan 0
  8. 169 Cape Verde 0
  9. 169 Comoros 0
  10. 169 Democratic Republic of Congo 0
  11. 169 Equatorial Guinea 0
  12. 169 Eritrea 0
  13. 169 Grenada 0
  14. 169 Guinea-Bissau 0
  15. 169 Haiti 0
  16. 169 Iraq 0
  17. 169 Kiribati 0
  18. 169 Laos 0
  19. 169 Libya 0
  20. 169 Mauritania 0
  21. 169 Sao Tome and Principe 0
  22. 169 Saudi Arabia 0
  23. 169 Somalia 0
  24. 169 South Sudan 0
  25. 169 Saint Kitts and Nevis 0
  26. 169 Saint Vincent and the Grenadines 0
  27. 169 East Timor 0
  28. 169 Palestine 0

See the full ranking of 191 places →

More reference data data for Venezuela

All data for Venezuela →

Frequently asked questions

What is resolving insolvency - score in Venezuela?
Resolving insolvency - score in Venezuela was 18.5 in 2019, according to the World Bank.
What is the highest resolving insolvency - score recorded in Venezuela?
The highest recorded value was 19.21 in 2006.
What is the lowest resolving insolvency - score recorded in Venezuela?
The lowest recorded value was 17.45 in 2003.
How does Venezuela rank for resolving insolvency - score?
Venezuela ranks 166th out of 191 countries with data for 2019.
Is resolving insolvency - score rising or falling in Venezuela?
Over the last ten years it is down 1.7%. The long-run trend across the full record is flat.
Where does this Venezuela data come from?
The figures come from the World Bank, published as part of Resolving insolvency - Score. Statizoid updates them automatically from the source API.

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About this data

Indicator
Resolving insolvency - Score
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
191 places, 3,094 data points, 2003–2019
Last refreshed

The score for resolving insolvency is the simple average of the scores for each of the component indicators: the recovery rate of insolvency proceedings involving domestic entities, as well as the strength of the legal framework applicable to judicial liquidation and reorganization proceedings.