Labor force participation rate, total (% of total population ages 15+) in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Labor force participation rate, total (% of total population ages 15+) was 59.9% in 2020. ▲ Rising
Labor force participation rate, total (% of total population ages 15+) in Venezuela, Bolivarian Republic of, 1961–2020
Source: Labour Force Statistics database (LFS), International Labour Organization (ILO).
Analysis
The most recent figure for labor force participation rate, total (% of total population ages 15+) in Venezuela, Bolivarian Republic of is 59.9%, measured in 2020.
That represents a change of down 9.8% on the previous year and down 6.2% over ten years.
Over the whole period, labor force participation rate, total (% of total population ages 15+) in Venezuela, Bolivarian Republic of peaked at 69.2% in 2002 and was at its lowest, 31.1%, in 1975.
Venezuela, Bolivarian Republic of ranks 123rd of 199 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Labor force participation rate, total (% of total population ages 15+) in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 55.4% | — |
| 1971 | 51.1% | -7.7% |
| 1975 | 31.1% | -39.1% |
| 1977 | 55.2% | +77.3% |
| 1979 | 55.1% | -0.1% |
| 1981 | 54.8% | -0.6% |
| 1982 | 54.5% | -0.6% |
| 1983 | 54.2% | -0.6% |
| 1984 | 55.9% | +3.1% |
| 1985 | 56.0% | +0.3% |
| 1986 | 56.1% | +0.1% |
| 1987 | 56.3% | +0.4% |
| 1988 | 57.2% | +1.6% |
| 1989 | 58.3% | +1.9% |
| 1990 | 59.1% | +1.2% |
| 1991 | 60.2% | +1.9% |
| 1992 | 59.4% | -1.2% |
| 1993 | 57.9% | -2.6% |
| 1994 | 59.1% | +2.2% |
| 1995 | 61.6% | +4.2% |
| 1996 | 62.9% | +2.1% |
| 1997 | 64.5% | +2.5% |
| 1998 | 65.4% | +1.5% |
| 2001 | 67.6% | +3.3% |
| 2002 | 69.2% | +2.3% |
| 2005 | 64.3% | -7.1% |
| 2006 | 64.9% | +0.9% |
| 2007 | 64.4% | -0.7% |
| 2008 | 64.3% | -0.2% |
| 2009 | 64.0% | -0.4% |
| 2010 | 63.9% | -0.3% |
| 2011 | 63.6% | -0.4% |
| 2012 | 63.1% | -0.8% |
| 2016 | 61.2% | -3.1% |
| 2017 | 66.4% | +8.5% |
| 2020 | 59.9% | -9.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 55.4% | 55.4% | 55.4% | 1 |
| 1970s | 48.1% | 31.1% | 55.2% | 4 |
| 1980s | 55.9% | 54.2% | 58.3% | 9 |
| 1990s | 61.1% | 57.9% | 65.4% | 9 |
| 2000s | 65.5% | 64.0% | 69.2% | 7 |
| 2010s | 63.6% | 61.2% | 66.4% | 5 |
| 2020s | 59.9% | 59.9% | 59.9% | 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, total (% of total population ages 15+) in Venezuela, Bolivarian Republic of?
- Labor force participation rate, total (% of total population ages 15+) in Venezuela, Bolivarian Republic of was 59.9% in 2020, according to Labour Force Statistics database (LFS), International Labour Organization (ILO).
- What is the highest labor force participation rate, total (% of total population ages 15+) recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 69.2% in 2002.
- What is the lowest labor force participation rate, total (% of total population ages 15+) recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 31.1% in 1975.
- How does Venezuela, Bolivarian Republic of rank for labor force participation rate, total (% of total population ages 15+)?
- Venezuela, Bolivarian Republic of ranks 123rd out of 199 countries with data for 2020.
- Is labor force participation rate, total (% of total population ages 15+) rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 6.2%. The long-run trend across the full record is rising.
- 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, total (% of total population ages 15+) (national estimate). Statizoid updates them automatically from the source API.
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About this data
Labor force participation rate is the proportion of the population ages 15 and older that is economically active: all people who supply labor for the production of goods and services during a specified period.