Growth rate of real gdp per employed person in Venezuela
Venezuela: Growth rate of real gdp per employed person was -0.49 in 2025. ◆ Volatile
Growth rate of real gdp per employed person in Venezuela, 2000–2025
Source: Our World in Data.
Analysis
The most recent figure for growth rate of real gdp per employed person in Venezuela is -0.49, measured in 2025.
That represents a change of down 119.1% on the previous year and up 93.5% over ten years.
Over the whole period, growth rate of real gdp per employed person in Venezuela peaked at 11.11 in 2004 and was at its lowest, -20.98, in 2019.
Venezuela ranks 163rd of 187 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Growth rate of real gdp per employed person in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.23 | — |
| 2001 | -0.43 | -287.0% |
| 2002 | -6.6 | +1434.9% |
| 2003 | -8.21 | +24.4% |
| 2004 | 11.11 | -235.3% |
| 2005 | 1.56 | -86.0% |
| 2006 | 4.1 | +162.8% |
| 2007 | 5.68 | +38.5% |
| 2008 | 2.25 | -60.4% |
| 2009 | -4.79 | -312.9% |
| 2010 | -1.93 | -59.7% |
| 2011 | 2.47 | -228.0% |
| 2012 | 4.32 | +74.9% |
| 2013 | 1.44 | -66.7% |
| 2014 | -5.44 | -477.8% |
| 2015 | -7.59 | +39.5% |
| 2016 | -17.95 | +136.5% |
| 2017 | -13.69 | -23.7% |
| 2018 | -14.62 | +6.8% |
| 2019 | -20.98 | +43.5% |
| 2020 | -17.25 | -17.8% |
| 2021 | -0.39 | -97.7% |
| 2022 | 0.94 | -341.0% |
| 2023 | 1.56 | +66.0% |
| 2024 | 2.57 | +64.7% |
| 2025 | -0.49 | -119.1% |
Venezuela compared with similar countries
- Venezuela's -0.49 is below the median for lower middle income countries, which is 1.77. (46 countries reporting)
- Venezuela's -0.49 is below the median for Latin America & Caribbean, which is 1.23. (31 countries reporting)
Biggest year-on-year movements
Years where Growth rate of real gdp per employed person in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | -1434.9% | -0.43 | -6.6 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.49 | -8.21 | 11.11 | 10 |
| 2010s | -7.4 | -20.98 | 4.32 | 10 |
| 2020s | -2.18 | -17.25 | 2.57 | 6 |
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 growth rate of real gdp per employed person in Venezuela?
- Growth rate of real gdp per employed person in Venezuela was -0.49 in 2025, according to Our World in Data.
- What is the highest growth rate of real gdp per employed person recorded in Venezuela?
- The highest recorded value was 11.11 in 2004.
- What is the lowest growth rate of real gdp per employed person recorded in Venezuela?
- The lowest recorded value was -20.98 in 2019.
- How does Venezuela rank for growth rate of real gdp per employed person?
- Venezuela ranks 163rd out of 187 countries with data for 2025.
- Is growth rate of real gdp per employed person rising or falling in Venezuela?
- Over the last ten years it is up 93.5%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Our World in Data, published as part of Growth rate of real gdp per employed person. Statizoid updates them automatically from the source API.
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