Venezuela: Railroad infrastructure quality

The latest value from 2019 is 1.5 points, unchanged from 1.5 points in 2018. In comparison, the world average is 3.61 points, based on data from 101 countries. Historically, the average for Venezuela from 2009 to 2019 is 1.51 points. The minimum value, 1.34 points, was reached in 2011 while the maximum of 1.64 points was recorded in 2014. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The Quality of railroad infrastrucutre indicator is one of the components of the Global Competitiveness Index published annually by the World Economic Forum (WEF). It represents an assessment of the quality of the railroad system in a given country based on data from the WEF Executive Opinion Survey, a long-running and extensive survey tapping the opinions of over 14,000 business leaders in 144 countries. The score for railroad infrastrucutre quality is based on only one question. The respondents are asked to rate the railroads in their country of operation on a scale from 1 (underdeveloped) to 7 (extensive and efficient by international standards). The individual responses are aggregated to produce a country score.