Average monthly earnings of employees ages 25 to 54 in Venezuela
Venezuela: Average monthly earnings of employees ages 25 to 54 was 283,126 in 2017. ◆ Volatile
Average monthly earnings of employees ages 25 to 54 in Venezuela, 2005–2017
Source: International Labour Organization.
Analysis
The most recent figure for average monthly earnings of employees ages 25 to 54 in Venezuela is 283,126, measured in 2017.
Compared with earlier readings it is up 1,017.1% on the previous year and down 66.0% over ten years.
Over the whole period, average monthly earnings of employees ages 25 to 54 in Venezuela peaked at 833,716 in 2007 and was at its lowest, 1,115, in 2008.
Venezuela ranks 7th of 25 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 ages 25 to 54 in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 496,055 | — |
| 2006 | 644,877 | +30.0% |
| 2007 | 833,716 | +29.3% |
| 2008 | 1,115 | -99.9% |
| 2009 | 1,424 | +27.7% |
| 2010 | 1,765 | +23.9% |
| 2011 | 2,167 | +22.7% |
| 2012 | 2,764 | +27.6% |
| 2016 | 25,344 | +816.8% |
| 2017 | 283,126 | +1017.1% |
Venezuela compared with similar countries
- Venezuela's 283,126 is above the median for lower middle income countries, which is 19,300, 14.7× the median. (6 countries reporting)
- Venezuela's 283,126 is above the median for Latin America & Caribbean, which is 11,345, 25.0× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 395,437 | 1,115 | 833,716 | 5 |
| 2010s | 63,033 | 1,765 | 283,126 | 5 |
Countries ranked near Venezuela
More work & labour data for Venezuela
- 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 ages 25 to 54 in Venezuela?
- Average monthly earnings of employees ages 25 to 54 in Venezuela was 283,126 in 2017, according to International Labour Organization.
- What is the highest average monthly earnings of employees ages 25 to 54 recorded in Venezuela?
- The highest recorded value was 833,716 in 2007.
- What is the lowest average monthly earnings of employees ages 25 to 54 recorded in Venezuela?
- The lowest recorded value was 1,115 in 2008.
- How does Venezuela rank for average monthly earnings of employees ages 25 to 54?
- Venezuela ranks 7th out of 25 countries with data for 2017.
- Is average monthly earnings of employees ages 25 to 54 rising or falling in Venezuela?
- Over the last ten years it is down 66.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from International Labour Organization, published as part of Average monthly earnings of employees ages 25 to 54. Statizoid updates them automatically from the source API.
Download this data
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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.