Venezuela - Logistics performance index: Ease of arranging competitively priced shipments (1=low to 5=high)
The value for Logistics performance index: Ease of arranging competitively priced shipments (1=low to 5=high) in Venezuela was 2.38 as of 2018. As the graph below shows, over the past 11 years this indicator reached a maximum value of 3.05 in 2010 and a minimum value of 2.38 in 2018.
Definition: Data are from Logistics Performance Index surveys conducted by the World Bank in partnership with academic and international institutions and private companies and individuals engaged in international logistics. 2009 round of surveys covered more than 5,000 country assessments by nearly 1,000 international freight forwarders. Respondents evaluate eight markets on six core dimensions on a scale from 1 (worst) to 5 (best). The markets are chosen based on the most important export and import markets of the respondent's country, random selection, and, for landlocked countries, neighboring countries that connect them with international markets. Details of the survey methodology are in Arvis and others' Connecting to Compete 2010: Trade Logistics in the Global Economy (2010). Respondents assessed the ease of arranging competitively priced shipments to markets, on a rating ranging from 1 (very difficult) to 5 (very easy). Scores are averaged across all respondents.
Source: World Bank and Turku School of Economics, Logistic Performance Index Surveys. Data are available online at : http://www.worldbank.org/lpi. Summary results are published in Arvis and others' Connecting to Compete: Trade Logistics in the Global Economy, The
Aggregation method: Unweighted average
Sub-Topic: Trade facilitation