Labor force participation rate by age in Venezuela
Venezuela: Labor force participation rate by age was 30.74 in 2024. ▼ Falling
Latest (2024)
30.74
Change on year
up 0.7%
World rank
142nd
of 188 countries
All-time high
49.95
in 1991
All-time low
27.99
in 2020
Years of data
35
1990–2024
Labor force participation rate by age in Venezuela, 1990–2024
Source: Our World in Data.
Analysis
The most recent figure for labor force participation rate by age in Venezuela is 30.74, measured in 2024.
That represents a change of up 0.7% on the previous year and down 17.6% over ten years.
Over the whole period, labor force participation rate by age in Venezuela peaked at 49.95 in 1991 and was at its lowest, 27.99, in 2020.
That places Venezuela 142nd out of 188 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 35 years of available data.
Labor force participation rate by age in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 49.86 | — |
| 1991 | 49.95 | +0.2% |
| 1992 | 49.88 | -0.1% |
| 1993 | 49.57 | -0.6% |
| 1994 | 49.15 | -0.9% |
| 1995 | 48.98 | -0.3% |
| 1996 | 48.62 | -0.7% |
| 1997 | 48.54 | -0.2% |
| 1998 | 48.2 | -0.7% |
| 1999 | 47.62 | -1.2% |
| 2000 | 47.45 | -0.4% |
| 2001 | 47.24 | -0.5% |
| 2002 | 46.51 | -1.5% |
| 2003 | 45.87 | -1.4% |
| 2004 | 46.24 | +0.8% |
| 2005 | 46.27 | +0.1% |
| 2006 | 45.61 | -1.4% |
| 2007 | 44.46 | -2.5% |
| 2008 | 43.85 | -1.4% |
| 2009 | 42.82 | -2.4% |
| 2010 | 41.61 | -2.8% |
| 2011 | 40.65 | -2.3% |
| 2012 | 39.85 | -2.0% |
| 2013 | 38.58 | -3.2% |
| 2014 | 37.33 | -3.2% |
| 2015 | 36.09 | -3.3% |
| 2016 | 34.87 | -3.4% |
| 2017 | 34.34 | -1.5% |
| 2018 | 33.77 | -1.6% |
| 2019 | 32.89 | -2.6% |
| 2020 | 27.99 | -14.9% |
| 2021 | 29.39 | +5.0% |
| 2022 | 30.4 | +3.4% |
| 2023 | 30.52 | +0.4% |
| 2024 | 30.74 | +0.7% |
Venezuela compared with similar countries
- Venezuela's 30.74 is below the median for lower middle income countries, which is 34.57, 89% of the median. (46 countries reporting)
- Venezuela's 30.74 is below the median for Latin America & Caribbean, which is 45.06, 68% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 49.04 | 47.62 | 49.95 | 10 |
| 2000s | 45.63 | 42.82 | 47.45 | 10 |
| 2010s | 37 | 32.89 | 41.61 | 10 |
| 2020s | 29.81 | 27.99 | 30.74 | 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 labor force participation rate by age in Venezuela?
- Labor force participation rate by age in Venezuela was 30.74 in 2024, according to Our World in Data.
- What is the highest labor force participation rate by age recorded in Venezuela?
- The highest recorded value was 49.95 in 1991.
- What is the lowest labor force participation rate by age recorded in Venezuela?
- The lowest recorded value was 27.99 in 2020.
- How does Venezuela rank for labor force participation rate by age?
- Venezuela ranks 142nd out of 188 countries with data for 2024.
- Is labor force participation rate by age rising or falling in Venezuela?
- Over the last ten years it is down 17.6%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Our World in Data, published as part of Labor force participation rate by age. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (Our World in Data).