Venezuela: Trade freedom

* indicates monthly or quarterly data series
 Venezuela

Trade freedom index (0-100)

 Latest value 42
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 60
 Min - Max 42 - 67
 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 60 points with a minimum of 42 points in 2023 and a maximum of 67 points in 1998. The latest value from 2023 is 42 points. For comparison, the world average in 2023 based on 175 countries is 70 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Venezuela - Trade freedom - recent values

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




The Trade Freedom index for Venezuela measures the absence of tariffs and other barriers that affect the international trade of goods and services.
Definition: The Trade freedom index is based on two indicators: the trade-weighted average tariff rate and non-tariff barriers (including quantity, price, regulatory, customs and investment restrictions, and direct government 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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