Where does Venezuela stand on Agency?
This page reads one capability from the published data and is recomputed with every release. It separates what Venezuela does, which makes the score, from what the country has, which sits beside the score, and places the country among the 10 countries at the nearest income. The text describes the data and recommends no policy.
The World Bank publishes no GDP per capita for Venezuela, so the page forms no peer set and draws no comparison.
What does the score rest on?
Confidence is in the thin band, so the score rests on little evidence.
The Agency score is the equal-weight mean of the positions of three indicators on a 0 to 100 scale that every country sets together. Confidence measures the evidence behind the score and sits beside it as a second number.
The Agency score tracks GDP per capita at r = 0.45 across 123 countries.
Observed indicators
- Position on the scaleno valuePeer medianno value0 peers with a value
New business density
no value
- Position on the scale0.0Peer medianno value0 peers with a value
Time to start a business
230 days
World Bank (IC.REG.DURS.MA.DY), 2019
- Position on the scale0.0Peer medianno value0 peers with a value
Procedures to start a business
20 count
World Bank (IC.REG.PROC.MA.NO), 2019
- Position on the scale78.3Peer medianno value0 peers with a value
Perceived control over life
7.7 mean 1-10
Joint EVS/WVS (A173), 2022
No comparable source yet, so lowering confidence: adults doing digital tasks.
What Venezuela has to work with
Beside each condition, two r values read every country at once, one against income and one against the capability score. Where the r with income is much higher than the r with the score, having the condition goes with being rich more than with the capability measured.
Conditions, not scored
What the country has to work with on this capability. The values are shown as the source published them and are not part of the score, the confidence or the trend. The rank counts the countries with a value, best first.
Individuals using the internetWorld Bank (IT.NET.USER.ZS), 2024
76.7 % of population, rank 78 of 125. Share of the population that used the internet in the last three months.
A condition, not scored: access to the basic tool of modern agency is what people have to act with, not a record of them acting (D122). Saturates near 95%, which compresses the top of the range.
- r with income: 0.89 (123 countries)
- r with the Agency score: 0.37 (124 countries)
Financial account ownershipWorld Bank (FX.OWN.TOTL.ZS), 2024
87.3 % aged 15+, rank 41 of 122. Adults with an account at a bank or mobile money provider.
A condition, not scored: holding an account is the precondition for almost any economic action, not the action (D122). Global Findex, published every three years.
- r with income: 0.78 (121 countries)
- r with the Agency score: 0.36 (122 countries)
Credit to the private sectorWorld Bank (FS.AST.PRVT.GD.ZS), 2013
27.5 % of GDP, rank 89 of 124. Domestic credit provided to the private sector by financial corporations.
A condition, not scored: financial depth is a stock of money available to actors, not what they do with it (D122). High values can also signal a credit bubble, so more is not always better.
- r with income: 0.59 (123 countries)
- r with the Agency score: 0.39 (124 countries)
Where does Venezuela sit among its peers?
The World Bank publishes no GDP per capita for Venezuela, so the page forms no peer set and draws no comparison.
What this reading does not show
- A national score is a coarse proxy. A capability forms in firms, cities, networks and groups below the level of the country, and a national average only describes the conditions they work in.
- Peers share income and nothing else. Size, production structure, region and political regime are outside the rule, and a set of 10 countries can change with any revision to GDP.
- An r reads the whole set at once and says nothing about one country alone. A correlation does not show a cause either.
- The known artefacts that bear on Agency, described on the limits page: artefact A6, artefact A14, artefact A15.
- And the ones every score in the benchmark carries: artefact A8, artefact A10.