Productivity: output per hour worked in Venezuela
Venezuela: Productivity: output per hour worked was 18.44 international-$ in 2021 prices per hour in 2014. ▲ Rising
Latest (2014)
18.44 international-$ in 2021 prices per hour
Change on year
down 34.2%
World rank
79th
of 130 countries
All-time high
30.06 international-$ in 2021 prices per hour
in 2012
All-time low
9.73 international-$ in 2021 prices per hour
in 1950
Years of data
65
1950–2014
Productivity: output per hour worked in Venezuela, 1950–2014
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices per hour.
Analysis
Venezuela recorded 18.44 international-$ in 2021 prices per hour for productivity: output per hour worked 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, productivity: output per hour worked in Venezuela peaked at 30.06 international-$ in 2021 prices per hour in 2012 and was at its lowest, 9.73 international-$ in 2021 prices per hour, 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.
Productivity: output per hour worked in Venezuela, year by year
| Year | international-$ in 2021 prices per hour | Change |
|---|---|---|
| 1950 | 9.73 international-$ in 2021 prices per hour | — |
| 1951 | 10.48 international-$ in 2021 prices per hour | +7.7% |
| 1952 | 11.68 international-$ in 2021 prices per hour | +11.4% |
| 1953 | 11.75 international-$ in 2021 prices per hour | +0.6% |
| 1954 | 12.66 international-$ in 2021 prices per hour | +7.7% |
| 1955 | 13.14 international-$ in 2021 prices per hour | +3.8% |
| 1956 | 13.83 international-$ in 2021 prices per hour | +5.3% |
| 1957 | 14.83 international-$ in 2021 prices per hour | +7.2% |
| 1958 | 15.29 international-$ in 2021 prices per hour | +3.1% |
| 1959 | 15.63 international-$ in 2021 prices per hour | +2.2% |
| 1960 | 14.39 international-$ in 2021 prices per hour | -7.9% |
| 1961 | 14.5 international-$ in 2021 prices per hour | +0.7% |
| 1962 | 15.2 international-$ in 2021 prices per hour | +4.8% |
| 1963 | 15.93 international-$ in 2021 prices per hour | +4.8% |
| 1964 | 17.29 international-$ in 2021 prices per hour | +8.5% |
| 1965 | 17.46 international-$ in 2021 prices per hour | +1.0% |
| 1966 | 17.2 international-$ in 2021 prices per hour | -1.5% |
| 1967 | 17.42 international-$ in 2021 prices per hour | +1.3% |
| 1968 | 18.95 international-$ in 2021 prices per hour | +8.8% |
| 1969 | 19.63 international-$ in 2021 prices per hour | +3.6% |
| 1970 | 21.64 international-$ in 2021 prices per hour | +10.3% |
| 1971 | 20.2 international-$ in 2021 prices per hour | -6.7% |
| 1972 | 20.2 international-$ in 2021 prices per hour | -0.0% |
| 1973 | 21.56 international-$ in 2021 prices per hour | +6.7% |
| 1974 | 24.82 international-$ in 2021 prices per hour | +15.1% |
| 1975 | 23.64 international-$ in 2021 prices per hour | -4.8% |
| 1976 | 25.21 international-$ in 2021 prices per hour | +6.7% |
| 1977 | 25.54 international-$ in 2021 prices per hour | +1.3% |
| 1978 | 23.99 international-$ in 2021 prices per hour | -6.1% |
| 1979 | 24.6 international-$ in 2021 prices per hour | +2.6% |
| 1980 | 21.63 international-$ in 2021 prices per hour | -12.1% |
| 1981 | 20.96 international-$ in 2021 prices per hour | -3.1% |
| 1982 | 19.49 international-$ in 2021 prices per hour | -7.0% |
| 1983 | 19.79 international-$ in 2021 prices per hour | +1.5% |
| 1984 | 20.24 international-$ in 2021 prices per hour | +2.3% |
| 1985 | 18.62 international-$ in 2021 prices per hour | -8.0% |
| 1986 | 16.7 international-$ in 2021 prices per hour | -10.3% |
| 1987 | 16.19 international-$ in 2021 prices per hour | -3.0% |
| 1988 | 15.89 international-$ in 2021 prices per hour | -1.8% |
| 1989 | 14.98 international-$ in 2021 prices per hour | -5.7% |
| 1990 | 15.43 international-$ in 2021 prices per hour | +3.0% |
| 1991 | 15.95 international-$ in 2021 prices per hour | +3.4% |
| 1992 | 16.01 international-$ in 2021 prices per hour | +0.4% |
| 1993 | 14.97 international-$ in 2021 prices per hour | -6.5% |
| 1994 | 13.82 international-$ in 2021 prices per hour | -7.7% |
| 1995 | 13.83 international-$ in 2021 prices per hour | +0.1% |
| 1996 | 13.44 international-$ in 2021 prices per hour | -2.8% |
| 1997 | 12.94 international-$ in 2021 prices per hour | -3.7% |
| 1998 | 11.35 international-$ in 2021 prices per hour | -12.3% |
| 1999 | 11.88 international-$ in 2021 prices per hour | +4.7% |
| 2000 | 14.07 international-$ in 2021 prices per hour | +18.5% |
| 2001 | 13.13 international-$ in 2021 prices per hour | -6.7% |
| 2002 | 12.26 international-$ in 2021 prices per hour | -6.6% |
| 2003 | 11.97 international-$ in 2021 prices per hour | -2.3% |
| 2004 | 14.24 international-$ in 2021 prices per hour | +19.0% |
| 2005 | 17.61 international-$ in 2021 prices per hour | +23.7% |
| 2006 | 19.96 international-$ in 2021 prices per hour | +13.3% |
| 2007 | 22.53 international-$ in 2021 prices per hour | +12.9% |
| 2008 | 25.99 international-$ in 2021 prices per hour | +15.4% |
| 2009 | 22.29 international-$ in 2021 prices per hour | -14.2% |
| 2010 | 26.68 international-$ in 2021 prices per hour | +19.7% |
| 2011 | 29.28 international-$ in 2021 prices per hour | +9.7% |
| 2012 | 30.06 international-$ in 2021 prices per hour | +2.7% |
| 2013 | 28.04 international-$ in 2021 prices per hour | -6.7% |
| 2014 | 18.44 international-$ in 2021 prices per hour | -34.2% |
Venezuela compared with similar countries
- Venezuela's 18.44 international-$ in 2021 prices per hour is above the median for lower middle income countries, which is 8.22 international-$ in 2021 prices per hour, 2.2× the median. (26 countries reporting)
- Venezuela's 18.44 international-$ in 2021 prices per hour is below the median for Latin America & Caribbean, which is 19.38 international-$ in 2021 prices per hour, 95% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 12.9 international-$ in 2021 prices per hour | 9.73 international-$ in 2021 prices per hour | 15.63 international-$ in 2021 prices per hour | 10 |
| 1960s | 16.8 international-$ in 2021 prices per hour | 14.39 international-$ in 2021 prices per hour | 19.63 international-$ in 2021 prices per hour | 10 |
| 1970s | 23.14 international-$ in 2021 prices per hour | 20.2 international-$ in 2021 prices per hour | 25.54 international-$ in 2021 prices per hour | 10 |
| 1980s | 18.45 international-$ in 2021 prices per hour | 14.98 international-$ in 2021 prices per hour | 21.63 international-$ in 2021 prices per hour | 10 |
| 1990s | 13.96 international-$ in 2021 prices per hour | 11.35 international-$ in 2021 prices per hour | 16.01 international-$ in 2021 prices per hour | 10 |
| 2000s | 17.41 international-$ in 2021 prices per hour | 11.97 international-$ in 2021 prices per hour | 25.99 international-$ in 2021 prices per hour | 10 |
| 2010s | 26.5 international-$ in 2021 prices per hour | 18.44 international-$ in 2021 prices per hour | 30.06 international-$ in 2021 prices per hour | 5 |
Countries ranked near Venezuela
- 76 Thailand 19.04 international-$ in 2021 prices per hour compare
- 77 Ecuador 18.8 international-$ in 2021 prices per hour compare
- 78 Syria 18.45 international-$ in 2021 prices per hour compare
- 80 Botswana 18.36 international-$ in 2021 prices per hour compare
- 81 Albania 17.84 international-$ in 2021 prices per hour compare
- 82 China 17.69 international-$ in 2021 prices per hour compare
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 productivity: output per hour worked in Venezuela?
- Productivity: output per hour worked in Venezuela was 18.44 international-$ in 2021 prices per hour in 2014, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest productivity: output per hour worked recorded in Venezuela?
- The highest recorded value was 30.06 international-$ in 2021 prices per hour in 2012.
- What is the lowest productivity: output per hour worked recorded in Venezuela?
- The lowest recorded value was 9.73 international-$ in 2021 prices per hour in 1950.
- How does Venezuela rank for productivity: output per hour worked?
- Venezuela ranks 79th out of 130 countries with data for 2014.
- Is productivity: output per hour worked 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 Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Productivity: output per hour worked. Statizoid updates them automatically from the source API.
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About this data
Productivity is calculated as GDP divided by the total number of hours worked in the economy. This data is adjusted for inflation and differences in living costs between countries.