Labor share of gdp in Venezuela
Venezuela: Labor share of gdp was 9.8 in 2025. ◆ Volatile
Labor share of gdp in Venezuela, 2004–2025
Source: Our World in Data.
Analysis
Venezuela recorded 9.8 for labor share of gdp in 2025.
The figure is up 1.0% on the previous year and down 68.6% over ten years.
Over the whole period, labor share of gdp in Venezuela peaked at 48.3 in 2014 and was at its lowest, 9.6, in 2022.
That places Venezuela 187th out of 187 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Labor share of gdp in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 39.4 | — |
| 2005 | 38 | -3.6% |
| 2006 | 40.3 | +6.1% |
| 2007 | 41.9 | +4.0% |
| 2008 | 39.5 | -5.7% |
| 2009 | 46 | +16.5% |
| 2010 | 39.8 | -13.5% |
| 2011 | 39.7 | -0.3% |
| 2012 | 42.6 | +7.3% |
| 2013 | 42.4 | -0.5% |
| 2014 | 48.3 | +13.9% |
| 2015 | 31.2 | -35.4% |
| 2016 | 30.5 | -2.2% |
| 2017 | 25.4 | -16.7% |
| 2018 | 17.7 | -30.3% |
| 2019 | 10.2 | -42.4% |
| 2020 | 10.4 | +2.0% |
| 2021 | 10.1 | -2.9% |
| 2022 | 9.6 | -5.0% |
| 2023 | 9.7 | +1.0% |
| 2024 | 9.7 | +0.0% |
| 2025 | 9.8 | +1.0% |
Venezuela compared with similar countries
- Venezuela's 9.8 is below the median for lower middle income countries, which is 44.95, 22% of the median. (46 countries reporting)
- Venezuela's 9.8 is below the median for Latin America & Caribbean, which is 50.4, 19% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Labor share of gdp in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | -42.4% | 17.7 | 10.2 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40.85 | 38 | 46 | 6 |
| 2010s | 32.78 | 10.2 | 48.3 | 10 |
| 2020s | 9.88 | 9.6 | 10.4 | 6 |
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 share of gdp in Venezuela?
- Labor share of gdp in Venezuela was 9.8 in 2025, according to Our World in Data.
- What is the highest labor share of gdp recorded in Venezuela?
- The highest recorded value was 48.3 in 2014.
- What is the lowest labor share of gdp recorded in Venezuela?
- The lowest recorded value was 9.6 in 2022.
- How does Venezuela rank for labor share of gdp?
- Venezuela ranks 187th out of 187 countries with data for 2025.
- Is labor share of gdp rising or falling in Venezuela?
- Over the last ten years it is down 68.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Our World in Data, published as part of Labor share of gdp. Statizoid updates them automatically from the source API.
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CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (Our World in Data).