Labour income share as a percent of GDP in Venezuela
Venezuela: Labour income share as a percent of GDP was 9.7 in 2026. ◆ Volatile
Labour income share as a percent of GDP in Venezuela, 2004–2026
Source: International Labour Organization.
Analysis
The most recent figure for labour income share as a percent of gdp in Venezuela is 9.7, measured in 2026.
The figure is down 68.3% over ten years.
Over the whole period, labour income share as a percent of gdp in Venezuela peaked at 48.2 in 2014 and was at its lowest, 9.56, in 2022.
That places Venezuela 188th out of 188 countries with data for 2026, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Labour income share as a percent of GDP in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 38.98 | — |
| 2005 | 38.05 | -2.4% |
| 2006 | 40.34 | +6.0% |
| 2007 | 41.86 | +3.8% |
| 2008 | 39.47 | -5.7% |
| 2009 | 45.99 | +16.5% |
| 2010 | 39.8 | -13.5% |
| 2011 | 39.7 | -0.3% |
| 2012 | 42.59 | +7.3% |
| 2013 | 42.38 | -0.5% |
| 2014 | 48.2 | +13.7% |
| 2015 | 31.26 | -35.1% |
| 2016 | 30.54 | -2.3% |
| 2017 | 25.39 | -16.9% |
| 2018 | 17.77 | -30.0% |
| 2019 | 10.13 | -43.0% |
| 2020 | 10.42 | +2.9% |
| 2021 | 10.11 | -3.0% |
| 2022 | 9.56 | -5.5% |
| 2023 | 9.63 | +0.8% |
| 2024 | 9.61 | -0.2% |
| 2025 | 9.69 | +0.8% |
| 2026 | 9.7 | +0.0% |
Venezuela compared with similar countries
- Venezuela's 9.7 is below the median for lower middle income countries, which is 44.01, 22% of the median. (46 countries reporting)
- Venezuela's 9.7 is below the median for Latin America & Caribbean, which is 50.23, 19% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Labour income share as a percent 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 | -43.0% | 17.77 | 10.13 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40.78 | 38.05 | 45.99 | 6 |
| 2010s | 32.78 | 10.13 | 48.2 | 10 |
| 2020s | 9.82 | 9.56 | 10.42 | 7 |
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 labour income share as a percent of gdp in Venezuela?
- Labour income share as a percent of gdp in Venezuela was 9.7 in 2026, according to International Labour Organization.
- What is the highest labour income share as a percent of gdp recorded in Venezuela?
- The highest recorded value was 48.2 in 2014.
- What is the lowest labour income share as a percent of gdp recorded in Venezuela?
- The lowest recorded value was 9.56 in 2022.
- How does Venezuela rank for labour income share as a percent of gdp?
- Venezuela ranks 188th out of 188 countries with data for 2026.
- Is labour income share as a percent of gdp rising or falling in Venezuela?
- Over the last ten years it is down 68.3%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from International Labour Organization, published as part of Labour income share as a percent of GDP (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. The labour income share in GDP is the ratio, in percentage, between total labour income and gross domestic product (a measure of total output), both provided in nominal terms. Labour income includes the compensation of employees and part of the income of the self-employed. Self-employed workers earn from both their work and capital ownership. Total compensation of employees refers to the remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. The labour income of self-employed is imputed on the basis of a statistical analysis of employees of similar characteristics. The labour income share after accounting for the labour income of the self-employed is often referred to as the adjusted labour income share in GDP. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.