Labor market, S1 - Firing costs in Venezuela
Venezuela: Labor market, S1 - Firing costs was 0 in 2014. ◆ Volatile
Labor market, S1 - Firing costs in Venezuela, 1973–2014
Source: International Monetary Fund.
Analysis
The most recent figure for labor market, s1 - firing costs in Venezuela 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 peaked at 0.8684 in 1974 and was at its lowest, 0, in 2002.
That places Venezuela 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, 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 | — |
Venezuela compared with similar countries
- Venezuela's 0 is below the median for lower middle income countries, which is 0.7181. (20 countries reporting)
- Venezuela's 0 is below the median for Latin America & Caribbean, which is 0.5594. (17 countries reporting)
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
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 - firing costs in Venezuela?
- Labor market, s1 - firing costs in Venezuela was 0 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - firing costs recorded in Venezuela?
- The highest recorded value was 0.8684 in 1974.
- What is the lowest labor market, s1 - firing costs recorded in Venezuela?
- The lowest recorded value was 0 in 2002.
- How does Venezuela rank for labor market, s1 - firing costs?
- Venezuela ranks 89th out of 90 countries with data for 2014.
- Where does this Venezuela 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.
Download this data
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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.