Gini index of hourly earnings of employees (15+) in Venezuela
Venezuela: Gini index of hourly earnings of employees (15+) was 0.386 in 2017. ▬ Flat
Gini index of hourly earnings of employees in Venezuela, 2005–2017
Source: International Labour Organization.
Analysis
In 2017, gini index of hourly earnings of employees in Venezuela stood at 0.386.
The figure is up 17.7% on the previous year and up 18.4% over ten years.
Over the whole period, gini index of hourly earnings of employees in Venezuela peaked at 0.397 in 2005 and was at its lowest, 0.272, in 2010.
That places Venezuela 27th out of 55 countries with data for 2017, putting it in the middle of the range.
Gini index of hourly earnings of employees (15+) in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 0.397 | — |
| 2006 | 0.341 | -14.1% |
| 2007 | 0.326 | -4.4% |
| 2008 | 0.317 | -2.8% |
| 2009 | 0.298 | -6.0% |
| 2010 | 0.272 | -8.7% |
| 2011 | 0.281 | +3.3% |
| 2012 | 0.281 | +0.0% |
| 2016 | 0.328 | +16.7% |
| 2017 | 0.386 | +17.7% |
Venezuela compared with similar countries
- Venezuela's 0.386 is below the median for lower middle income countries, which is 0.428, 90% of the median. (17 countries reporting)
- Venezuela's 0.386 is below the median for Latin America & Caribbean, which is 0.3885, 99% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3358 | 0.298 | 0.397 | 5 |
| 2010s | 0.3096 | 0.272 | 0.386 | 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 gini index of hourly earnings of employees in Venezuela?
- Gini index of hourly earnings of employees in Venezuela was 0.386 in 2017, according to International Labour Organization.
- What is the highest gini index of hourly earnings of employees recorded in Venezuela?
- The highest recorded value was 0.397 in 2005.
- What is the lowest gini index of hourly earnings of employees recorded in Venezuela?
- The lowest recorded value was 0.272 in 2010.
- How does Venezuela rank for gini index of hourly earnings of employees?
- Venezuela ranks 27th out of 55 countries with data for 2017.
- Is gini index of hourly earnings of employees rising or falling in Venezuela?
- Over the last ten years it is up 18.4%. The long-run trend across the full record is flat.
- Where does this Venezuela data come from?
- The figures come from International Labour Organization, published as part of Gini index of hourly 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 Gini index measures the degree of inequality in the distribution of earnings among employees. It ranges from 0 to 1, where 0 indicates perfect equality (all employees have the same earnings) and higher values indicate greater inequality. The index is calculated from the distribution of employees earnings. For more information, refer to the Wages and Working Time Statistics (COND) database description.