Labor market, S1 - Valid grounds in Venezuela
Venezuela: Labor market, S1 - Valid grounds was 0.0503 in 2014. ◆ Volatile
Labor market, S1 - Valid grounds in Venezuela, 1973–2014
Source: International Monetary Fund.
Analysis
Venezuela recorded 0.0503 for labor market, s1 - valid grounds in 2014.
Compared with earlier readings it is down 40.0% over ten years.
Over the whole period, labor market, s1 - valid grounds in Venezuela peaked at 0.849 in 1991 and was at its lowest, 0.0436, in 2002.
Venezuela ranks 89th of 90 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Labor market, S1 - Valid grounds in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 0.8154 | — |
| 1974 | 0.8154 | +0.0% |
| 1975 | 0.8154 | +0.0% |
| 1976 | 0.8154 | +0.0% |
| 1977 | 0.8154 | +0.0% |
| 1978 | 0.8154 | +0.0% |
| 1979 | 0.8154 | +0.0% |
| 1980 | 0.8154 | +0.0% |
| 1981 | 0.8154 | +0.0% |
| 1982 | 0.8154 | +0.0% |
| 1983 | 0.8154 | +0.0% |
| 1984 | 0.8154 | +0.0% |
| 1985 | 0.8154 | +0.0% |
| 1986 | 0.8154 | +0.0% |
| 1987 | 0.8154 | +0.0% |
| 1988 | 0.8154 | +0.0% |
| 1989 | 0.8154 | +0.0% |
| 1990 | 0.8154 | +0.0% |
| 1991 | 0.849 | +4.1% |
| 1992 | 0.849 | +0.0% |
| 1993 | 0.849 | +0.0% |
| 1994 | 0.849 | +0.0% |
| 1995 | 0.849 | +0.0% |
| 1996 | 0.849 | +0.0% |
| 1997 | 0.849 | +0.0% |
| 1998 | 0.849 | +0.0% |
| 1999 | 0.849 | +0.0% |
| 2000 | 0.849 | +0.0% |
| 2001 | 0.849 | +0.0% |
| 2002 | 0.0436 | -94.9% |
| 2003 | 0.0839 | +92.3% |
| 2004 | 0.0839 | +0.0% |
| 2005 | 0.0839 | +0.0% |
| 2006 | 0.0839 | +0.0% |
| 2007 | 0.0839 | +0.0% |
| 2008 | 0.0839 | +0.0% |
| 2009 | 0.0839 | +0.0% |
| 2010 | 0.0839 | +0.0% |
| 2011 | 0.0839 | +0.0% |
| 2012 | 0.0503 | -40.0% |
| 2013 | 0.0503 | +0.0% |
| 2014 | 0.0503 | +0.0% |
Venezuela compared with similar countries
- Venezuela's 0.0503 is below the median for lower middle income countries, which is 0.6628, 8% of the median. (20 countries reporting)
- Venezuela's 0.0503 is below the median for Latin America & Caribbean, which is 0.8154, 6% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8154 | 0.8154 | 0.8154 | 7 |
| 1980s | 0.8154 | 0.8154 | 0.8154 | 10 |
| 1990s | 0.8456 | 0.8154 | 0.849 | 10 |
| 2000s | 0.2329 | 0.0436 | 0.849 | 10 |
| 2010s | 0.0638 | 0.0503 | 0.0839 | 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 - valid grounds in Venezuela?
- Labor market, s1 - valid grounds in Venezuela was 0.0503 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - valid grounds recorded in Venezuela?
- The highest recorded value was 0.849 in 1991.
- What is the lowest labor market, s1 - valid grounds recorded in Venezuela?
- The lowest recorded value was 0.0436 in 2002.
- How does Venezuela rank for labor market, s1 - valid grounds?
- Venezuela ranks 89th out of 90 countries with data for 2014.
- Is labor market, s1 - valid grounds rising or falling in Venezuela?
- Over the last ten years it is down 40.0%. 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, S1 - Valid grounds. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.