Economic Freedom in Venezuela Plummeted Under Chavez
Created on April 15, 2013
1999: Chavez takes office
OVERALL SCORE IN THE INDEX OF ECONOMIC FREEDOM
Prior to 1999, when Hugo Chavez took office, Venezuela scored a 54 in the Index of Economic Freedom. Today, the nation scores only 36.1— fourth-worst in the world.
Source: Terry Miller, Kim R. Holmes, and Edwin J. Feulner, 2013 Index of Economic Freedom (Washington, D.C.: The Heritage Foundation and Dow Jones & Company, Inc., 2013), http://www.heritage.org/index.