Gdp vs services employment in Venezuela
Venezuela: Gdp vs services employment was 70.5 in 2011. ▲ Rising
Latest (2011)
70.5
Change on year
up 1.4%
World rank
12th
of 44 countries
All-time high
70.5
in 2011
All-time low
35.1
in 1951
Years of data
62
1950–2011
Gdp vs services employment in Venezuela, 1950–2011
Source: Our World in Data.
Analysis
In 2011, gdp vs services employment in Venezuela stood at 70.5. That is the highest value across all 62 years on record.
That represents a change of up 1.4% on the previous year and up 1.6% over ten years.
Over the whole period, gdp vs services employment in Venezuela peaked at 70.5 in 2011 and was at its lowest, 35.1, in 1951.
That places Venezuela 12th out of 44 countries with data for 2011, putting it in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Gdp vs services employment in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1950 | 36 | — |
| 1951 | 35.1 | -2.5% |
| 1952 | 35.7 | +1.7% |
| 1953 | 37.8 | +5.9% |
| 1954 | 40.2 | +6.3% |
| 1955 | 41.1 | +2.2% |
| 1956 | 41.5 | +1.0% |
| 1957 | 43.7 | +5.3% |
| 1958 | 44.4 | +1.6% |
| 1959 | 45.3 | +2.0% |
| 1960 | 46.2 | +2.0% |
| 1961 | 46.5 | +0.6% |
| 1962 | 46.7 | +0.4% |
| 1963 | 47.4 | +1.5% |
| 1964 | 48.2 | +1.7% |
| 1965 | 48.9 | +1.5% |
| 1966 | 49.7 | +1.6% |
| 1967 | 50 | +0.6% |
| 1968 | 50.5 | +1.0% |
| 1969 | 51.4 | +1.8% |
| 1970 | 52 | +1.2% |
| 1971 | 52.4 | +0.8% |
| 1972 | 52.9 | +1.0% |
| 1973 | 53.5 | +1.1% |
| 1974 | 56 | +4.7% |
| 1975 | 58.1 | +3.8% |
| 1976 | 58.8 | +1.2% |
| 1977 | 59.3 | +0.9% |
| 1978 | 58.8 | -0.8% |
| 1979 | 59.6 | +1.4% |
| 1980 | 60 | +0.7% |
| 1981 | 60 | +0.0% |
| 1982 | 60.2 | +0.3% |
| 1983 | 60.4 | +0.3% |
| 1984 | 61 | +1.0% |
| 1985 | 61 | +0.0% |
| 1986 | 61.1 | +0.2% |
| 1987 | 62.3 | +2.0% |
| 1988 | 62.5 | +0.3% |
| 1989 | 63.6 | +1.8% |
| 1990 | 62.7 | -1.4% |
| 1991 | 61.6 | -1.8% |
| 1992 | 62.2 | +1.0% |
| 1993 | 63.5 | +2.1% |
| 1994 | 63 | -0.8% |
| 1995 | 63.8 | +1.3% |
| 1996 | 64.7 | +1.4% |
| 1997 | 65 | +0.5% |
| 1998 | 65.8 | +1.2% |
| 1999 | 67.7 | +2.9% |
| 2000 | 67.9 | +0.3% |
| 2001 | 69.4 | +2.2% |
| 2002 | 70.4 | +1.4% |
| 2003 | 70.3 | -0.1% |
| 2004 | 69.9 | -0.6% |
| 2005 | 70.1 | +0.3% |
| 2006 | 68.8 | -1.9% |
| 2007 | 68.5 | -0.4% |
| 2008 | 69 | +0.7% |
| 2009 | 69.1 | +0.1% |
| 2010 | 69.5 | +0.6% |
| 2011 | 70.5 | +1.4% |
Venezuela compared with similar countries
- Venezuela's 70.5 is above the median for lower middle income countries, which is 36.2, 1.9× the median. (11 countries reporting)
- Venezuela's 70.5 is above the median for Latin America & Caribbean, which is 64.2, 1.1× the median. (9 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 40.08 | 35.1 | 45.3 | 10 |
| 1960s | 48.55 | 46.2 | 51.4 | 10 |
| 1970s | 56.14 | 52 | 59.6 | 10 |
| 1980s | 61.21 | 60 | 63.6 | 10 |
| 1990s | 64 | 61.6 | 67.7 | 10 |
| 2000s | 69.34 | 67.9 | 70.4 | 10 |
| 2010s | 70 | 69.5 | 70.5 | 2 |
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 gdp vs services employment in Venezuela?
- Gdp vs services employment in Venezuela was 70.5 in 2011, according to Our World in Data.
- What is the highest gdp vs services employment recorded in Venezuela?
- The highest recorded value was 70.5 in 2011.
- What is the lowest gdp vs services employment recorded in Venezuela?
- The lowest recorded value was 35.1 in 1951.
- How does Venezuela rank for gdp vs services employment?
- Venezuela ranks 12th out of 44 countries with data for 2011.
- Is gdp vs services employment rising or falling in Venezuela?
- Over the last ten years it is up 1.6%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Our World in Data, published as part of Gdp vs services employment. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under CC BY 4.0 (Our World in Data).