Share of people who report having intentions to start business in Venezuela, Bolivarian Republic of

Venezuela, Bolivarian Republic of: Share of people who report having intentions to start business was 20.23 in 2011. ▼ Falling

Latest (2011)
20.23
Change on year
down 29.5%
World rank
25th
of 66 countries
All-time high
40
in 2005
All-time low
20.23
in 2011
Years of data
5
2003–2011

Share of people who report having intentions to start business in Venezuela, Bolivarian Republic of, 2003–2011

0102030402003200720112003: 37.32005: 402007: 20.72009: 28.72011: 20.2

Source: Global Entrepreneurship Monitor (2018) – processed by Our World in Data.

Analysis

The most recent figure for share of people who report having intentions to start business in Venezuela, Bolivarian Republic of is 20.23, measured in 2011. That is the lowest value across all 5 years on record.

That represents a change of down 29.5% on the previous year and down 45.7% over ten years.

Over the whole period, share of people who report having intentions to start business in Venezuela, Bolivarian Republic of peaked at 40 in 2005 and was at its lowest, 20.23, in 2011.

Venezuela, Bolivarian Republic of ranks 25th of 66 countries on this measure, in the middle of the range.

Share of people who report having intentions to start business in Venezuela, Bolivarian Republic of, year by year

Annual values for Share of people who report having intentions to start business in Venezuela, Bolivarian Republic of, 2003 to 2011.
Year Value Change
2003 37.28
2005 40 +7.3%
2007 20.68 -48.3%
2009 28.7 +38.8%
2011 20.23 -29.5%

Averages by decade

DecadeAverage LowestHighest Years
2000s 31.66 20.68 40 4
2010s 20.23 20.23 20.23 1

Countries ranked near Venezuela, Bolivarian Republic of

  1. 22 Republic of Korea 22.79 compare
  2. 23 Barbados 21.61
  3. 24 Panama 20.8
  4. 26 Puerto Rico 18.3 compare
  5. 27 Estonia 18.14
  6. 28 France 17.62 compare

See the full ranking of 66 places →

More reference data data for Venezuela, Bolivarian Republic of

All data for Venezuela, Bolivarian Republic of →

Frequently asked questions

What is share of people who report having intentions to start business in Venezuela, Bolivarian Republic of?
Share of people who report having intentions to start business in Venezuela, Bolivarian Republic of was 20.23 in 2011, according to Global Entrepreneurship Monitor (2018) – processed by Our World in Data.
What is the highest share of people who report having intentions to start business recorded in Venezuela, Bolivarian Republic of?
The highest recorded value was 40 in 2005.
What is the lowest share of people who report having intentions to start business recorded in Venezuela, Bolivarian Republic of?
The lowest recorded value was 20.23 in 2011.
How does Venezuela, Bolivarian Republic of rank for share of people who report having intentions to start business?
Venezuela, Bolivarian Republic of ranks 25th out of 66 countries with data for 2011.
Is share of people who report having intentions to start business rising or falling in Venezuela, Bolivarian Republic of?
Over the last ten years it is down 45.7%. The long-run trend across the full record is falling.
Where does this Venezuela, Bolivarian Republic of data come from?
The figures come from Global Entrepreneurship Monitor (2018) – processed by Our World in Data, published as part of Share of people who report having intentions to start business. Statizoid updates them automatically from the source API.

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Share of people who report having intentions to start business in Venezuela, Bolivarian Republic of. Statizoid, drawing on Global Entrepreneurship Monitor (2018) – processed by Our World in Data. Retrieved 31 August 2026, from https://reference.statizoid.com/stat/share-of-people-who-report-having-intentions-to-start-business/venezuela-rb/

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About this data

Indicator
Share of people who report having intentions to start business
Source
Global Entrepreneurship Monitor (2018) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
66 places, 706 data points, 2002–2017
Last refreshed

Percentage of 18-64 population who intend to start a business within three years (individuals already involved in any stage of entrepreneurial activity excluded) plotted against GDP per capita, adjusted for inflation and differences in living costs between countries.