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Browse Profiles > Venezuela > Business Indicators

	Score	Rank
Standards Compliance Index	7.50 out of 100	75
Business Indicator Index	5.49 out of 12	72

Venezuela

Business Indicators

With an overall score of 5.49/12, Venezuela is below standard on the economic, legal, and political indicators that make up our Business Index. Venezuela has a market-based statist economy, in which total government expenditure, including consumption and transfer payments, is moderate. While Venezuela technically encourages foreign investment, the government has plans to nationalize a number of industries, there are many restrictions of foreign investment, and there are ownership requirements in certain sectors. There is equal opportunity for tax incentives for foreign and domestic investors. Property rights are poorly protected due to an inefficient, corrupt, and politicized judicial system. Expropriation is common. Political instability is another deterrent to investment. Corruption is extensive, as reflected in Venezuela's ranking of 162nd out of 180 countries in Transparency International's 2007 Corruption Perceptions Index.

Business Indicators

Forex Regulations - Capital Controls

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