Labor market, S1 - Firing costs in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Labor market, S1 - Firing costs was 0 in 2014. ◆ Volatile
Labor market, S1 - Firing costs in Venezuela, Bolivarian Republic of, 1973–2014
Source: International Monetary Fund.
Analysis
The most recent figure for labor market, s1 - firing costs in Venezuela, Bolivarian Republic of is 0, measured in 2014. That is the lowest value across all 42 years on record.
Over the whole period, labor market, s1 - firing costs in Venezuela, Bolivarian Republic of peaked at 0.8684 in 1974 and was at its lowest, 0, in 2002.
That places Venezuela, Bolivarian Republic of 89th 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, S1 - Firing costs in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 0.3684 | — |
| 1974 | 0.8684 | +135.7% |
| 1975 | 0.8684 | +0.0% |
| 1976 | 0.8684 | +0.0% |
| 1977 | 0.8684 | +0.0% |
| 1978 | 0.8684 | +0.0% |
| 1979 | 0.8684 | +0.0% |
| 1980 | 0.8684 | +0.0% |
| 1981 | 0.8684 | +0.0% |
| 1982 | 0.8684 | +0.0% |
| 1983 | 0.8684 | +0.0% |
| 1984 | 0.8684 | +0.0% |
| 1985 | 0.8684 | +0.0% |
| 1986 | 0.8684 | +0.0% |
| 1987 | 0.8684 | +0.0% |
| 1988 | 0.8684 | +0.0% |
| 1989 | 0.8684 | +0.0% |
| 1990 | 0.8684 | +0.0% |
| 1991 | 0.3732 | -57.0% |
| 1992 | 0.3732 | +0.0% |
| 1993 | 0.3732 | +0.0% |
| 1994 | 0.3732 | +0.0% |
| 1995 | 0.3732 | +0.0% |
| 1996 | 0.3732 | +0.0% |
| 1997 | 0.3732 | +0.0% |
| 1998 | 0.3732 | +0.0% |
| 1999 | 0.3732 | +0.0% |
| 2000 | 0.3732 | +0.0% |
| 2001 | 0.3732 | +0.0% |
| 2002 | 0 | -100.0% |
| 2003 | 0 | — |
| 2004 | 0 | — |
| 2005 | 0 | — |
| 2006 | 0 | — |
| 2007 | 0 | — |
| 2008 | 0 | — |
| 2009 | 0 | — |
| 2010 | 0 | — |
| 2011 | 0 | — |
| 2012 | 0 | — |
| 2013 | 0 | — |
| 2014 | 0 | — |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.7969 | 0.3684 | 0.8684 | 7 |
| 1980s | 0.8684 | 0.8684 | 0.8684 | 10 |
| 1990s | 0.4228 | 0.3732 | 0.8684 | 10 |
| 2000s | 0.0746 | 0 | 0.3732 | 10 |
| 2010s | 0 | 0 | 0 | 5 |
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)
- 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)
- Legislation on sexual harassment in employment 1 (2023)
- Criminal penalties or civil remedies sexual harassment in employment 1 (2023)
- Women can take the same jobs as men 1 (2023)
- Labor force participation rate, total (% of total population ages 15+) 51.9% (2025)
- Labor force participation rate, male (% of male population ages 15+) 67.5% (2025)
Frequently asked questions
- What is labor market, s1 - firing costs in Venezuela, Bolivarian Republic of?
- Labor market, s1 - firing costs in Venezuela, Bolivarian Republic of was 0 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - firing costs recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 0.8684 in 1974.
- What is the lowest labor market, s1 - firing costs recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 0 in 2002.
- How does Venezuela, Bolivarian Republic of rank for labor market, s1 - firing costs?
- Venezuela, Bolivarian Republic of ranks 89th out of 90 countries with data for 2014.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Monetary Fund, published as part of Labor market, S1 - Firing costs. 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.