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    Venezuela

    Extended
    Americas · #103 of 117 markets · IEPA 2024 (final) · 2026 current estimate available
    36.8▲ +4.1 YoY
    ●●○0.70IEPA COMPOSITE

    Venezuela scores 36.8 out of 100 on the IEPA (2024 edition), ranking #103 of 117 economies. That is up 4.1 points on the year before. Its strongest zone is Entrepreneurship Capacity at 66.8. Its binding constraint, the lowest-scoring of its six zones, is FDI Accelerator at 15.5. How the IEPA works →

    SIX FACTORS · CLICK ANY SCORE FOR ITS EVIDENCE
    IEPA TRAJECTORY · 2010–2026
    2010201220142016201820202022202420262432404856
    CAPITAL FLOWS · FDI NET INFLOWS % OF GDP
    20102011201220132014201520162017201820192020202120222024-1.201.22.43.6
    IE FDI intelligence · synced weekly
    PRODUCTIVE CAPABILITY
    IE COMPLEXITY LAYER · VINTAGE 2024
    #133of 145 ranked economies▼ 69 places since 2010
    How much productive know-how this market has demonstrated, read from the range and rarity of what it makes competitively.
    2010201120122013201420152016201720182019202020212022202320246383103134
    CAPABILITY RANK · HIGHER IS BETTER
    0.52% / yr
    Implied growth
    Annual growth the current capability base points to.
    37
    Diversity
    Distinct products made at competitive scale.
    -1.60
    Capability score
    Standardized: 0 is the world average.
    -1.21
    Outlook
    Value of the new products within reach of what it already does.
    INDUSTRY STRENGTHS · REVEALED FROM TRADE EVIDENCE
    VINTAGE 2022-2024
    POSITION IN THE PRODUCT SPACE
    IE COMPLEXITY LAYER · VINTAGE 2024
    Minerals5 of 48 made · 33% of the rest within reach
    Agriculture8 of 200 made · 16% of the rest within reach
    Industrial Chemicals and Metals7 of 157 made · 9% of the rest within reach
    Construction, Building, and Home Supplies3 of 104 made · 8% of the rest within reach
    Metalworking and Electrical Machinery and Parts2 of 155 made · 4% of the rest within reach
    Electronic and Electrical Goods0 of 73 made · 0% of the rest within reach
    Textile and Home Goods0 of 78 made · 5% of the rest within reach
    Textile Apparel and Accessories0 of 50 made · 0% of the rest within reach
    MADE COMPETITIVELYONE STEP AWAY
    Electronic and Electrical Goods is the furthest: 0% made, and only 0% of the rest is within one step. A move there means building capability rather than extending it.
    READ ON THE 25 OF 37 COMPETITIVE PRODUCTS THAT CARRY A POSITION IN THE CAPABILITY MAP
    POSITIONED TO BUILD NEXT
    IE COMPLEXITY LAYER · VINTAGE 2024
    Polymers of ethylene$74B world market
    Chemicals & PlasticsOPENS 0.15 · COMPLEXITY +0.20
    Malt extract$24B world market
    Agrifood & FisheriesOPENS 0.09 · COMPLEXITY -0.34
    Slag, ash and residues containing metals$6B world market
    Mining, Metals & MaterialsOPENS 0.08 · COMPLEXITY -0.72
    THE NEAREST OPTIONS AMONG 465 PRODUCTS ASSESSED · RANKED BY HOW MUCH EACH OPENS UP NEXT
    LIVE SIGNALS
    EXCLUSIVE: AI surveillance startup Flock Safety to cut several hundred jobs amid backlash, sources say - Reuters
    Google News · Venezuela · Startups & Innovation · Oct 9 · Startup Ecosystem
    PEERS · EXTENDED
    🇲🇿Mozambique34.0→🇲🇬Madagascar33.5→🇪🇹Ethiopia33.5→🇮🇷Iran35.2→
    ECOSYSTEM DENSITY
    IE Ecosystem Registry · 2026-07-17
    107organizations indexed across 7 types · 106 mapped
    Universities & research bodies
    64
    Research organizations
    18
    Health research
    9
    Government bodies
    8
    Corporate R&D
    4
    Fab labs & makerspaces
    3
    Science & tech parks
    1
    Universities, corporate R&D, government bodies, incubators, accelerators, science parks, and special economic zones, indexed today.Explore the directory →
    ORGANIZATIONS
    a sample of 107 indexed
    Central University of Venezuela
    Universities & research bodies · Caracas · 1721
    Universidad del Zulia
    Universities & research bodies · Maracaibo · 1891
    Seguros Caracas Liberty Mutual (Venezuela)
    Corporate R&D · Caracas · 1943
    Tenaris (Venezuela)
    Corporate R&D · Caracas · 1909
    Provita
    Research organizations · Caracas · 1987
    Hospital San Juan de Dios
    Health research · Caracas · 1943
    Clínica Santa Sofía
    Health research · Caracas · 1977
    Fundacion Venezolana de Investigaciones Sismologicas
    Government bodies · Caracas · 1972
    Fab Lab Caracas
    Fab labs & makerspaces · Caracas
    artelaservzla
    Fab labs & makerspaces · Carrizal
    Members get the full directory, filters, and exports.See all 107 organizations →

    Venezuela: common questions

    What is Venezuela's IEPA score?
    Venezuela scores 36.8 out of 100 on the IEPA, 2024 edition, which ranks it #103 of 117 economies.
    What is Venezuela's strongest zone?
    Entrepreneurship Capacity, at 66.8. The six zones are scored separately, so a market's strengths stay visible instead of being averaged away.
    What is holding Venezuela back?
    Its binding constraint is FDI Accelerator, at 15.5, the lowest of its six zones. The IEPA reports every zone separately so the constraint stays visible instead of being averaged into the composite.
    How does Venezuela compare with its peers?
    The closest scored peers are Mozambique (34.0), Madagascar (33.5), Ethiopia (33.5), Iran (35.2).
    What is the IEPA?
    The Innovation Ecosystem Prosperity Assessment (IEPA) scores economies across six zones: innovation capacity, entrepreneurship capacity, resilience, alignment, the FDI accelerator, and prosperity outcomes. Every score carries a confidence band and traces to the evidence behind it.
    Run the full diagnostic →Talk to IE about Venezuela →