Labor market, S1 - Redress measures in Venezuela
Venezuela: Labor market, S1 - Redress measures was 0.458 in 2014. ▼ Falling
Labor market, S1 - Redress measures in Venezuela, 1973–2014
Source: International Monetary Fund.
Analysis
The most recent figure for labor market, s1 - redress measures in Venezuela is 0.458, measured in 2014. That is the lowest value across all 42 years on record.
That represents a change of down 0.8% over ten years.
Over the whole period, labor market, s1 - redress measures in Venezuela peaked at 1 in 1973 and was at its lowest, 0.458, in 2012.
Venezuela ranks 67th of 90 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 42 years of available data.
Labor market, S1 - Redress measures in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 1 | — |
| 1974 | 1 | +0.0% |
| 1975 | 0.8193 | -18.1% |
| 1976 | 0.8193 | +0.0% |
| 1977 | 0.8193 | +0.0% |
| 1978 | 0.8193 | +0.0% |
| 1979 | 0.8193 | +0.0% |
| 1980 | 0.8193 | +0.0% |
| 1981 | 0.8193 | +0.0% |
| 1982 | 0.8193 | +0.0% |
| 1983 | 0.8193 | +0.0% |
| 1984 | 0.8193 | +0.0% |
| 1985 | 0.8193 | +0.0% |
| 1986 | 0.8193 | +0.0% |
| 1987 | 0.8193 | +0.0% |
| 1988 | 0.8193 | +0.0% |
| 1989 | 0.8193 | +0.0% |
| 1990 | 0.8193 | +0.0% |
| 1991 | 1 | +22.1% |
| 1992 | 1 | +0.0% |
| 1993 | 1 | +0.0% |
| 1994 | 1 | +0.0% |
| 1995 | 1 | +0.0% |
| 1996 | 1 | +0.0% |
| 1997 | 1 | +0.0% |
| 1998 | 1 | +0.0% |
| 1999 | 1 | +0.0% |
| 2000 | 1 | +0.0% |
| 2001 | 1 | +0.0% |
| 2002 | 0.4618 | -53.8% |
| 2003 | 0.4618 | +0.0% |
| 2004 | 0.4618 | +0.0% |
| 2005 | 0.4618 | +0.0% |
| 2006 | 0.4618 | +0.0% |
| 2007 | 0.4618 | +0.0% |
| 2008 | 0.4618 | +0.0% |
| 2009 | 0.4618 | +0.0% |
| 2010 | 0.4618 | +0.0% |
| 2011 | 0.4618 | +0.0% |
| 2012 | 0.458 | -0.8% |
| 2013 | 0.458 | +0.0% |
| 2014 | 0.458 | +0.0% |
Venezuela compared with similar countries
- Venezuela's 0.458 is below the median for lower middle income countries, which is 0.599, 76% of the median. (20 countries reporting)
- Venezuela's 0.458 is below the median for Latin America & Caribbean, which is 0.823, 56% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8709 | 0.8193 | 1 | 7 |
| 1980s | 0.8193 | 0.8193 | 0.8193 | 10 |
| 1990s | 0.9819 | 0.8193 | 1 | 10 |
| 2000s | 0.5694 | 0.4618 | 1 | 10 |
| 2010s | 0.4595 | 0.458 | 0.4618 | 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 - redress measures in Venezuela?
- Labor market, s1 - redress measures in Venezuela was 0.458 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - redress measures recorded in Venezuela?
- The highest recorded value was 1 in 1973.
- What is the lowest labor market, s1 - redress measures recorded in Venezuela?
- The lowest recorded value was 0.458 in 2012.
- How does Venezuela rank for labor market, s1 - redress measures?
- Venezuela ranks 67th out of 90 countries with data for 2014.
- Is labor market, s1 - redress measures rising or falling in Venezuela?
- Over the last ten years it is down 0.8%. 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 - Redress measures. 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.