Economic Freedom 5 Years in Venezuela compared to Latin America

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Guyana 14.03%
Argentina 5.02%
Guatemala 3.46%
Colombia 2.49%
Nicaragua 2.23%
Ecuador 2.06%
Panama 1.63%
Paraguay 1.02%
Peru 0.29%
Honduras 0.07%
Uruguay -0.33%
Chile -2.24%
Mexico -2.68%
Costa Rica -4.37%
Bolivia -4.99%
El Salvador -6.66%
Suriname -8.69%
Brazil -8.72%
Venezuela -29.23%
 

Venezuela: Economic freedom index, 5-year change

Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a countrys score on the Heritage Foundations freedom index are calculated by the Global Property Guide to produce a 5-point rating:

  • Greatly Improved
  • Improved
  • Nuetral
  • Worse
  • Much Worse


Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal


Venezuela has no house price statistics, but there are construction cost time-series at the Banco Central de Venezuela site, which also has general statistics. There are also statistics at the Instituto Nacional de Estadist'ca under the Ministerio del Poder Popular para la Planificaci'n y Desarrollo.