Labor market, Overall in Venezuela
Venezuela: Labor market, Overall was 0.164 in 2014. ◆ Volatile
Labor market, Overall in Venezuela, 1973–2014
Source: International Monetary Fund.
Analysis
The most recent figure for labor market, overall in Venezuela is 0.164, measured in 2014.
The figure is up 31.3% over ten years.
Over the whole period, labor market, overall in Venezuela peaked at 0.9482 in 1974 and was at its lowest, 0, in 2002.
That places Venezuela 90th out of 90 countries with data for 2014, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Labor market, Overall in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 0.8279 | — |
| 1974 | 0.9482 | +14.5% |
| 1975 | 0.8619 | -9.1% |
| 1976 | 0.8619 | +0.0% |
| 1977 | 0.8619 | +0.0% |
| 1978 | 0.8619 | +0.0% |
| 1979 | 0.8619 | +0.0% |
| 1980 | 0.8619 | +0.0% |
| 1981 | 0.8619 | +0.0% |
| 1982 | 0.8619 | +0.0% |
| 1983 | 0.8619 | +0.0% |
| 1984 | 0.8619 | +0.0% |
| 1985 | 0.8619 | +0.0% |
| 1986 | 0.8619 | +0.0% |
| 1987 | 0.8619 | +0.0% |
| 1988 | 0.8619 | +0.0% |
| 1989 | 0.8619 | +0.0% |
| 1990 | 0.8619 | +0.0% |
| 1991 | 0.7159 | -16.9% |
| 1992 | 0.7159 | +0.0% |
| 1993 | 0.7159 | +0.0% |
| 1994 | 0.7159 | +0.0% |
| 1995 | 0.7159 | +0.0% |
| 1996 | 0.7159 | +0.0% |
| 1997 | 0.7159 | +0.0% |
| 1998 | 0.7159 | +0.0% |
| 1999 | 0.7159 | +0.0% |
| 2000 | 0.7159 | +0.0% |
| 2001 | 0.7159 | +0.0% |
| 2002 | 0 | -100.0% |
| 2003 | 0.1249 | — |
| 2004 | 0.1249 | +0.0% |
| 2005 | 0.1249 | +0.0% |
| 2006 | 0.1249 | +0.0% |
| 2007 | 0.1249 | +0.0% |
| 2008 | 0.1249 | +0.0% |
| 2009 | 0.1249 | +0.0% |
| 2010 | 0.1249 | +0.0% |
| 2011 | 0.1249 | +0.0% |
| 2012 | 0.164 | +31.3% |
| 2013 | 0.164 | +0.0% |
| 2014 | 0.164 | +0.0% |
Venezuela compared with similar countries
- Venezuela's 0.164 is below the median for lower middle income countries, which is 0.688, 24% of the median. (20 countries reporting)
- Venezuela's 0.164 is below the median for Latin America & Caribbean, which is 0.7804, 21% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8694 | 0.8279 | 0.9482 | 7 |
| 1980s | 0.8619 | 0.8619 | 0.8619 | 10 |
| 1990s | 0.7305 | 0.7159 | 0.8619 | 10 |
| 2000s | 0.2306 | 0 | 0.7159 | 10 |
| 2010s | 0.1484 | 0.1249 | 0.164 | 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 market, overall in Venezuela?
- Labor market, overall in Venezuela was 0.164 in 2014, according to International Monetary Fund.
- What is the highest labor market, overall recorded in Venezuela?
- The highest recorded value was 0.9482 in 1974.
- What is the lowest labor market, overall recorded in Venezuela?
- The lowest recorded value was 0 in 2002.
- How does Venezuela rank for labor market, overall?
- Venezuela ranks 90th out of 90 countries with data for 2014.
- Is labor market, overall rising or falling in Venezuela?
- Over the last ten years it is up 31.3%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from International Monetary Fund, published as part of Labor market, Overall. Statizoid updates them automatically from the source API.
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About this data
The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.