Uruguay (38th) is the most prosperous country in Latin America and the Caribbean, ranking 16th in the world for Personal Freedom and 28th for Governance. More than 90% of survey respondents were satisfied with their degree of freedom to choose what to do with their lives.
Read MoreVenezuela is 145th in the overall Prosperity Index rankings. Since 2011, Venezuela has moved down the rankings table by 35 places.
Venezuela performs most strongly in Natural Environment and Social Capital but is weakest in Enterprise Conditions. The biggest improvement compared to a decade ago came in Venezuela did not show an improvement in any pillar rankings when compared to last year.
Visit our Rankings table to see how Venezuela compares to other countries.