Labor productivity per hour pennworldtable in Venezuela
Venezuela: Labor productivity per hour pennworldtable was 18.44 in 2014. ▲ Rising
Latest (2014)
18.44
Change on year
down 34.2%
World rank
79th
of 130 countries
All-time high
30.06
in 2012
All-time low
9.73
in 1950
Years of data
65
1950–2014
Labor productivity per hour pennworldtable in Venezuela, 1950–2014
Source: Our World in Data.
Analysis
Venezuela recorded 18.44 for labor productivity per hour pennworldtable in 2014.
Compared with earlier readings it is down 34.2% on the previous year and up 29.5% over ten years.
Over the whole period, labor productivity per hour pennworldtable in Venezuela peaked at 30.06 in 2012 and was at its lowest, 9.73, in 1950.
That places Venezuela 79th out of 130 countries with data for 2014, putting it in the middle of the range.
The long-run direction has been consistently rising across the 65 years of available data.
Labor productivity per hour pennworldtable in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1950 | 9.73 | — |
| 1951 | 10.48 | +7.7% |
| 1952 | 11.68 | +11.4% |
| 1953 | 11.75 | +0.6% |
| 1954 | 12.66 | +7.7% |
| 1955 | 13.14 | +3.8% |
| 1956 | 13.83 | +5.3% |
| 1957 | 14.83 | +7.2% |
| 1958 | 15.29 | +3.1% |
| 1959 | 15.63 | +2.2% |
| 1960 | 14.39 | -7.9% |
| 1961 | 14.5 | +0.7% |
| 1962 | 15.2 | +4.8% |
| 1963 | 15.93 | +4.8% |
| 1964 | 17.29 | +8.5% |
| 1965 | 17.46 | +1.0% |
| 1966 | 17.2 | -1.5% |
| 1967 | 17.42 | +1.3% |
| 1968 | 18.95 | +8.8% |
| 1969 | 19.63 | +3.6% |
| 1970 | 21.64 | +10.3% |
| 1971 | 20.2 | -6.7% |
| 1972 | 20.2 | -0.0% |
| 1973 | 21.56 | +6.7% |
| 1974 | 24.82 | +15.1% |
| 1975 | 23.64 | -4.8% |
| 1976 | 25.21 | +6.7% |
| 1977 | 25.54 | +1.3% |
| 1978 | 23.99 | -6.1% |
| 1979 | 24.6 | +2.6% |
| 1980 | 21.63 | -12.1% |
| 1981 | 20.96 | -3.1% |
| 1982 | 19.49 | -7.0% |
| 1983 | 19.79 | +1.5% |
| 1984 | 20.24 | +2.3% |
| 1985 | 18.62 | -8.0% |
| 1986 | 16.7 | -10.3% |
| 1987 | 16.19 | -3.0% |
| 1988 | 15.89 | -1.8% |
| 1989 | 14.98 | -5.7% |
| 1990 | 15.43 | +3.0% |
| 1991 | 15.95 | +3.4% |
| 1992 | 16.01 | +0.4% |
| 1993 | 14.97 | -6.5% |
| 1994 | 13.82 | -7.7% |
| 1995 | 13.83 | +0.1% |
| 1996 | 13.44 | -2.8% |
| 1997 | 12.94 | -3.7% |
| 1998 | 11.35 | -12.3% |
| 1999 | 11.88 | +4.7% |
| 2000 | 14.07 | +18.5% |
| 2001 | 13.13 | -6.7% |
| 2002 | 12.26 | -6.6% |
| 2003 | 11.97 | -2.3% |
| 2004 | 14.24 | +19.0% |
| 2005 | 17.61 | +23.7% |
| 2006 | 19.96 | +13.3% |
| 2007 | 22.53 | +12.9% |
| 2008 | 25.99 | +15.4% |
| 2009 | 22.29 | -14.2% |
| 2010 | 26.68 | +19.7% |
| 2011 | 29.28 | +9.7% |
| 2012 | 30.06 | +2.7% |
| 2013 | 28.04 | -6.7% |
| 2014 | 18.44 | -34.2% |
Venezuela compared with similar countries
- Venezuela's 18.44 is above the median for lower middle income countries, which is 8.22, 2.2× the median. (26 countries reporting)
- Venezuela's 18.44 is below the median for Latin America & Caribbean, which is 19.38, 95% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 12.9 | 9.73 | 15.63 | 10 |
| 1960s | 16.8 | 14.39 | 19.63 | 10 |
| 1970s | 23.14 | 20.2 | 25.54 | 10 |
| 1980s | 18.45 | 14.98 | 21.63 | 10 |
| 1990s | 13.96 | 11.35 | 16.01 | 10 |
| 2000s | 17.41 | 11.97 | 25.99 | 10 |
| 2010s | 26.5 | 18.44 | 30.06 | 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 productivity per hour pennworldtable in Venezuela?
- Labor productivity per hour pennworldtable in Venezuela was 18.44 in 2014, according to Our World in Data.
- What is the highest labor productivity per hour pennworldtable recorded in Venezuela?
- The highest recorded value was 30.06 in 2012.
- What is the lowest labor productivity per hour pennworldtable recorded in Venezuela?
- The lowest recorded value was 9.73 in 1950.
- How does Venezuela rank for labor productivity per hour pennworldtable?
- Venezuela ranks 79th out of 130 countries with data for 2014.
- Is labor productivity per hour pennworldtable rising or falling in Venezuela?
- Over the last ten years it is up 29.5%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Our World in Data, published as part of Labor productivity per hour pennworldtable. Statizoid updates them automatically from the source API.
Download this data
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