Rule of Law - Governance estimate in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Rule of Law - Governance estimate was -2.2 approx. -2.5 to +2.5 in 2024. ▼ Falling
Rule of Law - Governance estimate in Venezuela, Bolivarian Republic of, 1996–2024
Source: The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG). Measured in approx. -2.5 to +2.5.
Analysis
The most recent figure for rule of law - governance estimate in Venezuela, Bolivarian Republic of is -2.2 approx. -2.5 to +2.5, measured in 2024.
Compared with earlier readings it is down 0.2% on the previous year and down 5.4% over ten years.
Over the whole period, rule of law - governance estimate in Venezuela, Bolivarian Republic of peaked at -0.7601 approx. -2.5 to +2.5 in 1998 and was at its lowest, -2.35 approx. -2.5 to +2.5, in 2020.
Venezuela, Bolivarian Republic of ranks 205th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Rule of Law - Governance estimate in Venezuela, Bolivarian Republic of, year by year
| Year | approx. -2.5 to +2.5 | Change |
|---|---|---|
| 1996 | -0.7867 approx. -2.5 to +2.5 | — |
| 1998 | -0.7601 approx. -2.5 to +2.5 | -3.4% |
| 2000 | -0.8792 approx. -2.5 to +2.5 | +15.7% |
| 2002 | -1.27 approx. -2.5 to +2.5 | +43.9% |
| 2003 | -1.35 approx. -2.5 to +2.5 | +6.5% |
| 2004 | -1.25 approx. -2.5 to +2.5 | -7.4% |
| 2005 | -1.28 approx. -2.5 to +2.5 | +2.6% |
| 2006 | -1.45 approx. -2.5 to +2.5 | +13.2% |
| 2007 | -1.65 approx. -2.5 to +2.5 | +13.6% |
| 2008 | -1.74 approx. -2.5 to +2.5 | +5.8% |
| 2009 | -1.72 approx. -2.5 to +2.5 | -1.5% |
| 2010 | -1.76 approx. -2.5 to +2.5 | +2.6% |
| 2011 | -1.79 approx. -2.5 to +2.5 | +1.7% |
| 2012 | -1.83 approx. -2.5 to +2.5 | +2.4% |
| 2013 | -1.99 approx. -2.5 to +2.5 | +8.6% |
| 2014 | -2.09 approx. -2.5 to +2.5 | +5.1% |
| 2015 | -2.3 approx. -2.5 to +2.5 | +10.1% |
| 2016 | -2.28 approx. -2.5 to +2.5 | -1.0% |
| 2017 | -2.21 approx. -2.5 to +2.5 | -2.8% |
| 2018 | -2.31 approx. -2.5 to +2.5 | +4.1% |
| 2019 | -2.33 approx. -2.5 to +2.5 | +1.1% |
| 2020 | -2.35 approx. -2.5 to +2.5 | +0.9% |
| 2021 | -2.31 approx. -2.5 to +2.5 | -1.8% |
| 2022 | -2.24 approx. -2.5 to +2.5 | -3.1% |
| 2023 | -2.2 approx. -2.5 to +2.5 | -1.7% |
| 2024 | -2.2 approx. -2.5 to +2.5 | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.7734 approx. -2.5 to +2.5 | -0.7867 approx. -2.5 to +2.5 | -0.7601 approx. -2.5 to +2.5 | 2 |
| 2000s | -1.4 approx. -2.5 to +2.5 | -1.74 approx. -2.5 to +2.5 | -0.8792 approx. -2.5 to +2.5 | 9 |
| 2010s | -2.09 approx. -2.5 to +2.5 | -2.33 approx. -2.5 to +2.5 | -1.76 approx. -2.5 to +2.5 | 10 |
| 2020s | -2.26 approx. -2.5 to +2.5 | -2.35 approx. -2.5 to +2.5 | -2.2 approx. -2.5 to +2.5 | 5 |
Countries ranked near Venezuela, Bolivarian Republic of
- 202 Yemen -1.9 approx. -2.5 to +2.5 compare
- 203 Afghanistan -1.94 approx. -2.5 to +2.5 compare
- 204 South Sudan -1.97 approx. -2.5 to +2.5 compare
- 206 Somalia -2.21 approx. -2.5 to +2.5 compare
More reference data data for Venezuela, Bolivarian Republic of
- 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) - IPCC Agriculture 10.29 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2667 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.29 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 4.49 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.91 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 38.02 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 53.46 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.45 (2050)
Frequently asked questions
- What is rule of law - governance estimate in Venezuela, Bolivarian Republic of?
- Rule of law - governance estimate in Venezuela, Bolivarian Republic of was -2.2 approx. -2.5 to +2.5 in 2024, according to The Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG).
- What is the highest rule of law - governance estimate recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was -0.7601 approx. -2.5 to +2.5 in 1998.
- What is the lowest rule of law - governance estimate recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was -2.35 approx. -2.5 to +2.5 in 2020.
- How does Venezuela, Bolivarian Republic of rank for rule of law - governance estimate?
- Venezuela, Bolivarian Republic of ranks 205th out of 206 countries with data for 2024.
- Is rule of law - governance estimate rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 5.4%. 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 Worldwide Governance Indicators: Revised Methodology for Measuring Governance Using Perception Data., World Bank Group (WBG), published as part of Rule of Law - Governance estimate (approx. -2.5 to +2.5). Statizoid updates them automatically from the source API.
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About this data
Rule of Law (RL) captures perceptions of the extent to which agents respect and follow the rules of society, including contract enforcement, property rights, the police, courts, and the likelihood of crime and violence. Governance estimate from the aggregation model, in units of a standard normal distribution, i.e. ranging from approximately -2.5 to 2.5. Larger values correspond to better governance. The (country-series-time) metadata include the (a) number of sources, and (b) standard error. The number of sources indicates the number of underlying data sources on which the governance estimate is based. The standard error indicates the precision of the governance estimate. Larger values indicate less precise estimates. A 90% confidence interval for the governance estimate is given by the estimate +/- 1.64 times the standard error.