Where does Venezuela stand on Building?
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 Building score is the equal-weight mean of the positions of two 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 Building score tracks GDP per capita at r = 0.57 across 123 countries.
Observed indicators
- Position on the scaleno valuePeer medianno value0 peers with a value
Manufacturing value added
no value
The latest value is from 1990, more than 15 years old, so it does not count toward the score.
- Position on the scaleno valuePeer medianno value0 peers with a value
High-technology exports
no value
- Position on the scale17.4Peer medianno value0 peers with a value
Electricity connection speed
17.4 score 0-100
World Bank (IC.ELC.TIME.DFRN), 2019
- Position on the scale0.4Peer medianno value0 peers with a value
Economic fitness
0.02 index
World Bank (EF.EFM.UNIV.XD), 2024
No comparable source yet, so lowering confidence: large project delivery and firm scale-up rate.
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.
Output per workerWorld Bank (SL.GDP.PCAP.EM.KD)
No value for this country. GDP per person employed, constant purchasing power parity.
A condition, not scored: output per worker is income per worker, the wealth the benchmark tests capability against, so it is published beside Building as context (D122).
- r with income: 0.88 (123 countries)
- r with the Building score: 0.6 (123 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 Building, described on the limits page: artefact A6, artefact A11, artefact A17.
- And the ones every score in the benchmark carries: artefact A8, artefact A10.