Venezuela: Business freedom index (0-100): For that indicator, The Heritage Foundation provides data for Venezuela from 1995 to 2017. The average value for Venezuela during that period was 55 points with a minumum of 40 points in 2017 and a maximum of 85 points in 1995. See the global rankings for that indicator or use the country comparator to compare trends over time.
The Business Freedom index for Venezuela from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Venezuela in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).