Labor market, S1 - Additional requirements for collective dismissal in Venezuela
Venezuela: Labor market, S1 - Additional requirements for collective dismissal was 0.6792 in 2014. ▼ Falling
Labor market, S1 - Additional requirements for collective dismissal in Venezuela, 1973–2014
Source: International Monetary Fund.
Analysis
Venezuela recorded 0.6792 for labor market, s1 - additional requirements for collective dismissal in 2014.
That represents a change of up 41.7% over ten years.
Over the whole period, labor market, s1 - additional requirements for collective dismissal in Venezuela peaked at 1 in 1973 and was at its lowest, 0, in 2002.
That places Venezuela 74th out of 90 countries with data for 2014, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 42 years of available data.
Labor market, S1 - Additional requirements for collective dismissal in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 1 | — |
| 1974 | 1 | +0.0% |
| 1975 | 1 | +0.0% |
| 1976 | 1 | +0.0% |
| 1977 | 1 | +0.0% |
| 1978 | 1 | +0.0% |
| 1979 | 1 | +0.0% |
| 1980 | 1 | +0.0% |
| 1981 | 1 | +0.0% |
| 1982 | 1 | +0.0% |
| 1983 | 1 | +0.0% |
| 1984 | 1 | +0.0% |
| 1985 | 1 | +0.0% |
| 1986 | 1 | +0.0% |
| 1987 | 1 | +0.0% |
| 1988 | 1 | +0.0% |
| 1989 | 1 | +0.0% |
| 1990 | 1 | +0.0% |
| 1991 | 0.6292 | -37.1% |
| 1992 | 0.6292 | +0.0% |
| 1993 | 0.6292 | +0.0% |
| 1994 | 0.6292 | +0.0% |
| 1995 | 0.6292 | +0.0% |
| 1996 | 0.6292 | +0.0% |
| 1997 | 0.6292 | +0.0% |
| 1998 | 0.6292 | +0.0% |
| 1999 | 0.6292 | +0.0% |
| 2000 | 0.6292 | +0.0% |
| 2001 | 0.6292 | +0.0% |
| 2002 | 0 | -100.0% |
| 2003 | 0.4792 | — |
| 2004 | 0.4792 | +0.0% |
| 2005 | 0.4792 | +0.0% |
| 2006 | 0.4792 | +0.0% |
| 2007 | 0.4792 | +0.0% |
| 2008 | 0.4792 | +0.0% |
| 2009 | 0.4792 | +0.0% |
| 2010 | 0.4792 | +0.0% |
| 2011 | 0.4792 | +0.0% |
| 2012 | 0.6792 | +41.7% |
| 2013 | 0.6792 | +0.0% |
| 2014 | 0.6792 | +0.0% |
Venezuela compared with similar countries
- Venezuela's 0.6792 is below the median for lower middle income countries, which is 1, 68% of the median. (20 countries reporting)
- Venezuela's 0.6792 is below the median for Latin America & Caribbean, which is 1, 68% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1 | 1 | 1 | 7 |
| 1980s | 1 | 1 | 1 | 10 |
| 1990s | 0.6663 | 0.6292 | 1 | 10 |
| 2000s | 0.4613 | 0 | 0.6292 | 10 |
| 2010s | 0.5992 | 0.4792 | 0.6792 | 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, s1 - additional requirements for collective dismissal in Venezuela?
- Labor market, s1 - additional requirements for collective dismissal in Venezuela was 0.6792 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - additional requirements for collective dismissal recorded in Venezuela?
- The highest recorded value was 1 in 1973.
- What is the lowest labor market, s1 - additional requirements for collective dismissal recorded in Venezuela?
- The lowest recorded value was 0 in 2002.
- How does Venezuela rank for labor market, s1 - additional requirements for collective dismissal?
- Venezuela ranks 74th out of 90 countries with data for 2014.
- Is labor market, s1 - additional requirements for collective dismissal rising or falling in Venezuela?
- Over the last ten years it is up 41.7%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from International Monetary Fund, published as part of Labor market, S1 - Additional requirements for collective dismissal. 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.