Labor force participation rate for ages 15-24, total (%) … national in Venezuela
Venezuela: Labor force participation rate for ages 15-24, total (%) … national was 37.2% in 2020. ▼ Falling
Labor force participation rate for ages 15-24, total (%) in Venezuela, 1961–2020
Source: Labour Force Statistics database (LFS), International Labour Organization (ILO).
Analysis
Venezuela recorded 37.2% for labor force participation rate for ages 15-24, total (%) in 2020.
The figure is down 11.8% on the previous year and down 10.6% over ten years.
Over the whole period, labor force participation rate for ages 15-24, total (%) in Venezuela peaked at 54.8% in 2002 and was at its lowest, 34.9%, in 2016.
Venezuela ranks 101st of 176 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, total (%) … national in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 49.2% | — |
| 1971 | 43.7% | -11.1% |
| 1977 | 44.1% | +0.9% |
| 1979 | 44.1% | -0.1% |
| 1981 | 42.7% | -3.2% |
| 1982 | 42.5% | -0.5% |
| 1983 | 41.1% | -3.2% |
| 1984 | 42.3% | +3.0% |
| 1985 | 42.5% | +0.5% |
| 1986 | 42.2% | -0.8% |
| 1987 | 41.7% | -1.1% |
| 1988 | 41.9% | +0.5% |
| 1989 | 43.1% | +2.8% |
| 1990 | 44.6% | +3.5% |
| 1991 | 45.7% | +2.4% |
| 1992 | 44.2% | -3.2% |
| 1993 | 40.9% | -7.5% |
| 1994 | 44.1% | +7.8% |
| 1995 | 46.4% | +5.2% |
| 1996 | 47.3% | +1.9% |
| 1997 | 50.2% | +6.2% |
| 1998 | 51.5% | +2.5% |
| 2001 | 52.3% | +1.6% |
| 2002 | 54.8% | +4.8% |
| 2003 | 54.1% | -1.3% |
| 2005 | 46.3% | -14.5% |
| 2006 | 45.6% | -1.4% |
| 2007 | 44.5% | -2.5% |
| 2008 | 43.9% | -1.4% |
| 2009 | 42.8% | -2.4% |
| 2010 | 41.6% | -2.8% |
| 2011 | 40.7% | -2.3% |
| 2012 | 39.9% | -2.0% |
| 2016 | 34.9% | -12.5% |
| 2017 | 42.2% | +20.9% |
| 2020 | 37.2% | -11.8% |
Venezuela compared with similar countries
- Venezuela's 37.2% is above the median for lower middle income countries, which is 37.2%, 1.0× the median. (38 countries reporting)
- Venezuela's 37.2% is below the median for Latin America & Caribbean, which is 43.8%, 85% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 49.2% | 49.2% | 49.2% | 1 |
| 1970s | 44.0% | 43.7% | 44.1% | 3 |
| 1980s | 42.2% | 41.1% | 43.1% | 9 |
| 1990s | 46.1% | 40.9% | 51.5% | 9 |
| 2000s | 48.0% | 42.8% | 54.8% | 8 |
| 2010s | 39.8% | 34.9% | 42.2% | 5 |
| 2020s | 37.2% | 37.2% | 37.2% | 1 |
Countries ranked near Venezuela
- 98 Suriname 37.6% compare
- 99 New Caledonia 37.5% compare
- 100 Malawi 37.4% compare
- 102 Cote d'Ivoire 37.2% compare
- 103 Togo 36.8% compare
- 104 Trinidad and Tobago 36.6% compare
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 for ages 15-24, total (%) in Venezuela?
- Labor force participation rate for ages 15-24, total (%) in Venezuela was 37.2% 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, total (%) recorded in Venezuela?
- The highest recorded value was 54.8% in 2002.
- What is the lowest labor force participation rate for ages 15-24, total (%) recorded in Venezuela?
- The lowest recorded value was 34.9% in 2016.
- How does Venezuela rank for labor force participation rate for ages 15-24, total (%)?
- Venezuela ranks 101st out of 176 countries with data for 2020.
- Is labor force participation rate for ages 15-24, total (%) rising or falling in Venezuela?
- Over the last ten years it is down 10.6%. The long-run trend across the full record is falling.
- Where does this Venezuela 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, total (%) (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.