Venezuela: Monetary freedom

* indicates monthly or quarterly data series

Monetary freedom index (0-100)

 Latest value 0.1
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 37.8
 Min - Max 0 - 61
 Source The Heritage Foundation
For that indicator, we provide data for Venezuela from 1995 to 2023. The average value for Venezuela during that period was 37.8 points with a minimum of 0 points in 2018 and a maximum of 61 points in 2003. The latest value from 2023 is 0.1 points. For comparison, the world average in 2023 based on 176 countries is 72.44 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 - Monetary freedom - recent values

Historical chart
Venezuela - Monetary freedom - historical chart - 1995-2023

The Monetary Freedom index for Venezuela from The Heritage Foundation reflects the stability of prices in Venezuela and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

 Related indicators Latest value Reference Measure
 Property rights 0 2023 points
 Freedom from corruption 7 2023 points
 Fiscal freedom 12 2023 points
 Business freedom 31 2023 points
 Labor freedom 34 2023 points
 Monetary freedom 0.10 2023 points
 Trade freedom 42 2023 points
 Investment freedom 0 2023 points
 Financial freedom 10 2023 points
 Economic freedom, overall index 26 2023 index points
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