Venezuela: Fiscal freedom

* indicates monthly or quarterly data series
 Venezuela

Fiscal freedom index (0-100)

 Latest value 37
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 69
 Min - Max 0 - 80
 Source The Heritage Foundation
For that indicator, we provide data for Venezuela from 1995 to 2024. The average value for Venezuela during that period was 69 points with a minimum of 0 points in 2022 and a maximum of 80 points in 1995. The latest value from 2024 is 37 points. For comparison, the world average in 2024 based on 174 countries is 52 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Venezuela - Fiscal freedom - Recent values chart

Historical chart
Venezuela - Fiscal freedom - historical chart - 1995-2024




The Fiscal Freedom index for Venezuela from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.
Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.


 Related indicators Latest value Reference Measure
 Property rights 0 2024 points
 Freedom from corruption 6 2024 points
 Fiscal freedom 37 2024 points
 Business freedom 31 2024 points
 Labor freedom 36 2024 points
 Monetary freedom 0.00 2024 points
 Trade freedom 42 2024 points
 Investment freedom 0 2024 points
 Financial freedom 10 2024 points
 Economic freedom, overall index 28 2024 index points
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