Venezuela: Cost of starting a business

(measure: percent of per capita GNI; Source: The World Bank)
* indicates monthly or quarterly data series

Venezuela: Cost of starting a business, % of income per capita

: For that indicator, The World Bank provides data for Venezuela from 2003 to 2018. The average value for Venezuela during that period was 83.39 percent of per capita GNI with a minumum of 10 percent of per capita GNI in 2007 and a maximum of 391.3 percent of per capita GNI in 2018. See the global rankings for that indicator or use the country comparator to compare trends over time.
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Definition: The indicator includes all official fees and fees for legal or professional services if such services are required by law. The company law, the commercial code, and specific regulations and fee schedules are used as sources for calculating costs. The indicator excludes bribes.
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