Average monthly earnings of employees in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Average monthly earnings of employees was 271,673 in 2017. ◆ Volatile
Average monthly earnings of employees in Venezuela, Bolivarian Republic of, 2005–2017
Source: International Labour Organization.
Analysis
In 2017, average monthly earnings of employees in Venezuela, Bolivarian Republic of stood at 271,673.
That represents a change of up 1,107.5% on the previous year and down 67.5% over ten years.
Over the whole period, average monthly earnings of employees in Venezuela, Bolivarian Republic of peaked at 837,002 in 2007 and was at its lowest, 1,109, in 2008.
Venezuela, Bolivarian Republic of ranks 14th of 99 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Average monthly earnings of employees in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 497,687 | — |
| 2006 | 648,132 | +30.2% |
| 2007 | 837,002 | +29.1% |
| 2008 | 1,109 | -99.9% |
| 2009 | 1,407 | +26.9% |
| 2010 | 1,775 | +26.2% |
| 2011 | 2,189 | +23.3% |
| 2012 | 2,797 | +27.8% |
| 2016 | 22,499 | +704.4% |
| 2017 | 271,673 | +1107.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 397,067 | 1,109 | 837,002 | 5 |
| 2010s | 60,187 | 1,775 | 271,673 | 5 |
Countries ranked near Venezuela, Bolivarian Republic of
More work & labour data for Venezuela, Bolivarian Republic of
- Persons outside the labour force (ILO modelled estimates) 10,601 (2027)
- Labour force participation rate (ILO modelled estimates) 51.65 (2027)
- Labour force (ILO modelled estimates) 11,326 (2027)
- Unemployment rate (ILO modelled estimates) 5.73 (2027)
- Labour dependency ratio 1.69 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,625 (2027)
- Output per worker, GDP constant 2015 US $ 10,899 (2027)
- Employment-to-population ratio (ILO modelled estimates) 48.69 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.43 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.9762 % change on previous year (2027)
Frequently asked questions
- What is average monthly earnings of employees in Venezuela, Bolivarian Republic of?
- Average monthly earnings of employees in Venezuela, Bolivarian Republic of was 271,673 in 2017, according to International Labour Organization.
- What is the highest average monthly earnings of employees recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 837,002 in 2007.
- What is the lowest average monthly earnings of employees recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 1,109 in 2008.
- How does Venezuela, Bolivarian Republic of rank for average monthly earnings of employees?
- Venezuela, Bolivarian Republic of ranks 14th out of 99 countries with data for 2017.
- Is average monthly earnings of employees rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 67.5%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Labour Organization, published as part of Average monthly earnings of employees (15+). Statizoid updates them automatically from the source API.
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About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. The earnings of employees relate to the gross remuneration in cash and in kind paid to employees, as a rule at regular intervals, for time worked or work done together with remuneration for time not worked, such as annual vacation, other type of paid leave or holidays. Earnings exclude employers' contributions in respect of their employees paid to social security and pension schemes and also the benefits received by employees under these schemes. Earnings also exclude severance and termination pay. For more information, refer to the Wages and Working Time Statistics (COND) database description.