Labor force participation rate for ages 15-24, male (%) in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Labor force participation rate for ages 15-24, male (%) was 45.6% in 2020. ▼ Falling
Labor force participation rate for ages 15-24, male (%) in Venezuela, Bolivarian Republic of, 1961–2020
Source: Labour Force Statistics database (LFS), International Labour Organization (ILO).
Analysis
Venezuela, Bolivarian Republic of recorded 45.6% for labor force participation rate for ages 15-24, male (%) in 2020. That is the lowest value across all 36 years on record.
The figure is down 14.9% on the previous year and down 16.1% over ten years.
Over the whole period, labor force participation rate for ages 15-24, male (%) in Venezuela, Bolivarian Republic of peaked at 76.5% in 1961 and was at its lowest, 45.6%, in 2020.
Venezuela, Bolivarian Republic of ranks 86th of 173 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 36 years of available data.
Labor force participation rate for ages 15-24, male (%) in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 76.5% | — |
| 1971 | 63.9% | -16.4% |
| 1977 | 62.4% | -2.5% |
| 1979 | 62.5% | +0.2% |
| 1981 | 61.3% | -1.8% |
| 1982 | 61.4% | +0.2% |
| 1983 | 59.5% | -3.2% |
| 1984 | 59.9% | +0.8% |
| 1985 | 61.4% | +2.5% |
| 1986 | 61.3% | -0.2% |
| 1987 | 61.0% | -0.4% |
| 1988 | 61.5% | +0.8% |
| 1989 | 62.1% | +1.0% |
| 1990 | 62.2% | +0.2% |
| 1991 | 63.1% | +1.3% |
| 1992 | 61.2% | -3.0% |
| 1993 | 57.4% | -6.2% |
| 1994 | 61.9% | +7.9% |
| 1995 | 63.4% | +2.5% |
| 1996 | 63.4% | -0.1% |
| 1997 | 65.7% | +3.6% |
| 1998 | 66.6% | +1.4% |
| 2001 | 65.3% | -2.0% |
| 2002 | 67.2% | +3.0% |
| 2003 | 65.4% | -2.7% |
| 2005 | 58.4% | -10.7% |
| 2006 | 58.3% | -0.2% |
| 2007 | 57.3% | -1.8% |
| 2008 | 56.6% | -1.1% |
| 2009 | 55.3% | -2.3% |
| 2010 | 54.3% | -1.8% |
| 2011 | 53.1% | -2.3% |
| 2012 | 52.1% | -1.9% |
| 2016 | 46.2% | -11.2% |
| 2017 | 53.6% | +15.8% |
| 2020 | 45.6% | -14.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 76.5% | 76.5% | 76.5% | 1 |
| 1970s | 62.9% | 62.4% | 63.9% | 3 |
| 1980s | 61.0% | 59.5% | 62.1% | 9 |
| 1990s | 62.8% | 57.4% | 66.6% | 9 |
| 2000s | 60.5% | 55.3% | 67.2% | 8 |
| 2010s | 51.9% | 46.2% | 54.3% | 5 |
| 2020s | 45.6% | 45.6% | 45.6% | 1 |
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 labor force participation rate for ages 15-24, male (%) in Venezuela, Bolivarian Republic of?
- Labor force participation rate for ages 15-24, male (%) in Venezuela, Bolivarian Republic of was 45.6% in 2020, according to Labour Force Statistics database (LFS), International Labour Organization (ILO).
- What is the highest labor force participation rate for ages 15-24, male (%) recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 76.5% in 1961.
- What is the lowest labor force participation rate for ages 15-24, male (%) recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 45.6% in 2020.
- How does Venezuela, Bolivarian Republic of rank for labor force participation rate for ages 15-24, male (%)?
- Venezuela, Bolivarian Republic of ranks 86th out of 173 countries with data for 2020.
- Is labor force participation rate for ages 15-24, male (%) rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 16.1%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Labour Force Statistics database (LFS), International Labour Organization (ILO), published as part of Labor force participation rate for ages 15-24, male (%) (national estimate). Statizoid updates them automatically from the source API.
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About this data
Labor force participation rate for ages 15-24 is the proportion of the population ages 15-24 that is economically active: all people who supply labor for the production of goods and services during a specified period.