Average monthly earnings of public sector employees in Venezuela
Venezuela: Average monthly earnings of public sector employees was 296,641 in 2017. ◆ Volatile
Average monthly earnings of public sector employees in Venezuela, 2005–2017
Source: International Labour Organization.
Analysis
The most recent figure for average monthly earnings of public sector employees in Venezuela is 296,641, measured in 2017.
The figure is up 1,209.7% on the previous year and down 70.7% over ten years.
Over the whole period, average monthly earnings of public sector employees in Venezuela peaked at 1.01 million in 2007 and was at its lowest, 1,285, in 2008.
That places Venezuela 12th out of 63 countries with data for 2017, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Average monthly earnings of public sector employees in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 624,102 | — |
| 2006 | 796,725 | +27.7% |
| 2007 | 1.01 million | +27.2% |
| 2008 | 1,285 | -99.9% |
| 2009 | 1,592 | +23.9% |
| 2010 | 1,997 | +25.5% |
| 2011 | 2,453 | +22.8% |
| 2012 | 3,106 | +26.6% |
| 2016 | 22,649 | +629.1% |
| 2017 | 296,641 | +1209.7% |
Venezuela compared with similar countries
- Venezuela's 296,641 is above the median for lower middle income countries, which is 30,027, 9.9× the median. (20 countries reporting)
- Venezuela's 296,641 is above the median for Latin America & Caribbean, which is 18,656, 15.9× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 487,371 | 1,285 | 1.01 million | 5 |
| 2010s | 65,369 | 1,997 | 296,641 | 5 |
Countries ranked near Venezuela
- 9 Uganda 1.04 million compare
- 10 Costa Rica 994,952 compare
- 11 Zimbabwe 441,106 compare
- 13 Senegal 294,400 compare
- 14 Cote d'Ivoire 273,081 compare
- 15 Burkina Faso 242,956
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 public sector employees in Venezuela?
- Average monthly earnings of public sector employees in Venezuela was 296,641 in 2017, according to International Labour Organization.
- What is the highest average monthly earnings of public sector employees recorded in Venezuela?
- The highest recorded value was 1.01 million in 2007.
- What is the lowest average monthly earnings of public sector employees recorded in Venezuela?
- The lowest recorded value was 1,285 in 2008.
- How does Venezuela rank for average monthly earnings of public sector employees?
- Venezuela ranks 12th out of 63 countries with data for 2017.
- Is average monthly earnings of public sector employees rising or falling in Venezuela?
- Over the last ten years it is down 70.7%. 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 public sector employees. 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.