Gini index of monthly earnings of employees in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Gini index of monthly earnings of employees was 0.363 in 2017. ▬ Flat
Gini index of monthly earnings of employees in Venezuela, Bolivarian Republic of, 2005–2017
Source: International Labour Organization.
Analysis
In 2017, gini index of monthly earnings of employees in Venezuela, Bolivarian Republic of stood at 0.363.
Compared with earlier readings it is up 15.6% on the previous year and up 21.0% over ten years.
Over the whole period, gini index of monthly earnings of employees in Venezuela, Bolivarian Republic of peaked at 0.37 in 2005 and was at its lowest, 0.252, in 2010.
That places Venezuela, Bolivarian Republic of 35th out of 93 countries with data for 2017, putting it in the middle of the range.
Gini index of monthly earnings of employees in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 0.37 | — |
| 2006 | 0.314 | -15.1% |
| 2007 | 0.3 | -4.5% |
| 2008 | 0.29 | -3.3% |
| 2009 | 0.271 | -6.6% |
| 2010 | 0.252 | -7.0% |
| 2011 | 0.261 | +3.6% |
| 2012 | 0.268 | +2.7% |
| 2016 | 0.314 | +17.2% |
| 2017 | 0.363 | +15.6% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 0.363 is below the median for lower middle income countries, which is 0.424, 86% of the median. (21 countries reporting)
- Venezuela, Bolivarian Republic of's 0.363 is below the median for Latin America & Caribbean, which is 0.365, 99% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.309 | 0.271 | 0.37 | 5 |
| 2010s | 0.2916 | 0.252 | 0.363 | 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 gini index of monthly earnings of employees in Venezuela, Bolivarian Republic of?
- Gini index of monthly earnings of employees in Venezuela, Bolivarian Republic of was 0.363 in 2017, according to International Labour Organization.
- What is the highest gini index of monthly earnings of employees recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 0.37 in 2005.
- What is the lowest gini index of monthly earnings of employees recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 0.252 in 2010.
- How does Venezuela, Bolivarian Republic of rank for gini index of monthly earnings of employees?
- Venezuela, Bolivarian Republic of ranks 35th out of 93 countries with data for 2017.
- Is gini index of monthly earnings of employees rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 21.0%. The long-run trend across the full record is flat.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Labour Organization, published as part of Gini index of 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 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.