VENEZUELA
Region: LATIN AMERICA AND CARRIBEAN
128
of
128
Global Rank: 
22
of
22
Region Rank:

Venezuela’s IPRI score remained the same at 2.7 placing it last in Latin America and Caribbean and 128th in the world. Venezuela is classified by the IMF as the Latin America and the Caribbean group and the World Bank as a high income nation. Venezuela is a member of Organization of the Petroleum Exporting Countries (OPEC) and the Common Market of the South (MERCUSUR).
Venezuela’s Subindex for the Legal and Political Environment increased 0.1 to 1.8 with scores of 0.2 in Judicial Independence, 1.2 in Rule of Law, 3.3 in Political Stability, and 2.2 in Control of Corruption. The Subindex for Physical Property Rights remained the same at 3.8 with scores of 1.0 in Property rights, 8.3 in Registering Property, and 2.2 in Ease of Access to Loans. The Subindex for Intellectual Property Rights remained the same at 2.6 with scores 1.1 in Intellectual Property Protection, 5.6 in Patent Protection, and 1.2 in Copyright Piracy Level.


IPRI Overall




  Score Globally Regionally
Overall 2.7 128 of 128 22 of 22
Legal and Political 1.8 128 of 128 22 of 22
Physical 3.8 125 of 128 21 of 22
Intellectual 2.6 124 of 128 22 of 22


Legal and Political Environmental




  Score Globally Regionally
Overall 1.8 128 of 128 22 of 22
Judicial Independence 0.2 128 of 128 22 of 22
Rule of Law 1.2 128 of 128 22 of 22
Political Stability 3.3 103 of 128 21 of 22
Control of Corruption 2.2 127 of 128 22 of 22


Physical Property Rights




  Score Globally Regionally
Overall 3.8 125 of 128 21 of 22
Protection of Physical Property 1.0 128 of 128 22 of 22
Registering Property 8.3 101 of 127 15 of 22
Access to Loan 2.2 101 of 128 19 of 22


Intellectual Property Rights




  Score Globally Regionally
Overall 2.6 124 of 128 22 of 22
Protection of Intellectual Property Rights 1.1 128 of 128 22 of 22
Patent Protection 5.6 85 of 108 21 of 22
Copyright Protection 1.2 101 of 104 18 of 18
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Ranks Country Rating
1 FINLAND 8.4
2 NEW ZEALAND 8.3
3 LUXEMBOURG 8.3
4 NORWAY 8.3
5 SWITZERLAND 8.2
6 SINGAPORE 8.1
7 SWEDEN 8.1
8 JAPAN 8.1
9 NETHERLANDS 8.0
10 CANADA 8.0
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