Nicaragua vs Venezuela, Bolivarian Republic of: Rank in the Economic Complexity Index
Rank in the Economic Complexity Index over time
- Nicaragua
- Venezuela, Bolivarian Republic of
How they compare
Nicaragua currently reports 95 against 90 in Venezuela, Bolivarian Republic of, a difference of 5.
That makes Nicaragua's figure about 1.1 times Venezuela, Bolivarian Republic of's.
The two have swapped places 4 times across 50 shared years of data; in 1964 it was Nicaragua ahead.
Nicaragua ranks 16th and Venezuela, Bolivarian Republic of ranks 18th of 121 countries.
Across the 6 decades both report, Nicaragua averaged higher in 2 and Venezuela, Bolivarian Republic of in 4.
Head to head by decade
| Decade | Nicaragua | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 48.67 | 51.83 | 3.17 | Venezuela, Bolivarian Republic of |
| 1970s | 47.4 | 77.8 | 30.4 | Venezuela, Bolivarian Republic of |
| 1980s | 65 | 70.2 | 5.2 | Venezuela, Bolivarian Republic of |
| 1990s | 78.3 | 59.4 | 18.9 | Nicaragua |
| 2000s | 92.9 | 69.6 | 23.3 | Nicaragua |
| 2010s | 91.5 | 93.75 | 2.25 | Venezuela, Bolivarian Republic of |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher rank in the economic complexity index, Nicaragua or Venezuela, Bolivarian Republic of?
- Nicaragua, at 95 against 90 in Venezuela, Bolivarian Republic of as of 2015.
- What is the difference in rank in the economic complexity index between Nicaragua and Venezuela, Bolivarian Republic of?
- 5, with Nicaragua ahead.
- How many years of comparable data are there for Nicaragua and Venezuela, Bolivarian Republic of?
- 50 years are reported by both, from 1964 to 2013.
- How do Nicaragua and Venezuela, Bolivarian Republic of rank globally for rank in the economic complexity index?
- Nicaragua ranks 16th and Venezuela, Bolivarian Republic of ranks 18th of 121 countries.
- Where does this data come from?
- Observatory of Economic Complexity and Atlas of Economic Complexity (2016) – processed by Our World in Data, published as Rank in the Economic Complexity Index. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The Economic Complexity Index (ECI) takes data on exports, and reduces a country’s economic system into two dimensions: (i) The number or ‘diversification’ of products in the export basket, and (ii) the quality, or ‘ubiquity’ of products in the export basket. This map ranks countries by ECI scores. The highest rank is 1 and corresponds to the country with the most complex economy in that year.