Monthly minimum wage, per square kilometre in Venezuela
Venezuela: Monthly minimum wage, per square kilometre was 0.0001 units per square kilometre in 2023. ◆ Volatile
Monthly minimum wage, per square kilometre in Venezuela, 1995–2023
Source: Statizoid (derived). Measured in units per square kilometre.
Analysis
Venezuela recorded 0.0001 units per square kilometre for monthly minimum wage, per square kilometre in 2023.
Compared with earlier readings it is down 95.6% over ten years.
Over the whole period, monthly minimum wage, per square kilometre in Venezuela peaked at 45.35 units per square kilometre in 2020 and was at its lowest, 0 units per square kilometre, in 1995.
Venezuela ranks 168th of 169 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage, per square kilometre in Venezuela, year by year
| Year | units per square kilometre | Change |
|---|---|---|
| 1995 | 0 units per square kilometre | — |
| 1996 | 0.0001 units per square kilometre | +65.6% |
| 1997 | 0.0001 units per square kilometre | +41.5% |
| 1998 | 0.0001 units per square kilometre | +33.3% |
| 1999 | 0.0001 units per square kilometre | +20.0% |
| 2000 | 0.0002 units per square kilometre | +20.0% |
| 2001 | 0.0002 units per square kilometre | +9.7% |
| 2002 | 0.0002 units per square kilometre | +20.3% |
| 2003 | 0.0003 units per square kilometre | +30.0% |
| 2004 | 0.0004 units per square kilometre | +30.0% |
| 2005 | 0.0005 units per square kilometre | +26.2% |
| 2006 | 0.0006 units per square kilometre | +26.4% |
| 2007 | 0.0007 units per square kilometre | +20.1% |
| 2008 | 0.0009 units per square kilometre | +29.9% |
| 2009 | 0.0011 units per square kilometre | +21.2% |
| 2010 | 0.0014 units per square kilometre | +26.4% |
| 2011 | 0.0018 units per square kilometre | +26.5% |
| 2012 | 0.0023 units per square kilometre | +32.3% |
| 2013 | 0.0034 units per square kilometre | +45.2% |
| 2018 | 0.5102 units per square kilometre | +15036.2% |
| 2019 | 12.75 units per square kilometre | +2400.0% |
| 2020 | 45.35 units per square kilometre | +255.6% |
| 2021 | 7.94 units per square kilometre | -82.5% |
| 2022 | 0.0001 units per square kilometre | -100.0% |
| 2023 | 0.0001 units per square kilometre | +0.0% |
Venezuela compared with similar countries
- Venezuela's 0.0001 units per square kilometre is below the median for lower middle income countries, which is 0.0667 units per square kilometre, 0% of the median. (42 countries reporting)
- Venezuela's 0.0001 units per square kilometre is below the median for Latin America & Caribbean, which is 0.1198 units per square kilometre, 0% of the median. (32 countries reporting)
Biggest year-on-year movements
Years where Monthly minimum wage, per square kilometre 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 |
|---|---|---|---|
| 2018 | +15036.2% | 0.0034 units per square kilometre | 0.5102 units per square kilometre |
| 2019 | +2400.0% | 0.5102 units per square kilometre | 12.75 units per square kilometre |
| 2020 | +255.6% | 12.75 units per square kilometre | 45.35 units per square kilometre |
| 2022 | -100.0% | 7.94 units per square kilometre | 0.0001 units per square kilometre |
| 2021 | -82.5% | 45.35 units per square kilometre | 7.94 units per square kilometre |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0001 units per square kilometre | 0 units per square kilometre | 0.0001 units per square kilometre | 5 |
| 2000s | 0.0005 units per square kilometre | 0.0002 units per square kilometre | 0.0011 units per square kilometre | 10 |
| 2010s | 2.21 units per square kilometre | 0.0014 units per square kilometre | 12.75 units per square kilometre | 6 |
| 2020s | 13.32 units per square kilometre | 0.0001 units per square kilometre | 45.35 units per square kilometre | 4 |
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 monthly minimum wage, per square kilometre in Venezuela?
- Monthly minimum wage, per square kilometre in Venezuela was 0.0001 units per square kilometre in 2023, according to Statizoid (derived).
- What is the highest monthly minimum wage, per square kilometre recorded in Venezuela?
- The highest recorded value was 45.35 units per square kilometre in 2020.
- What is the lowest monthly minimum wage, per square kilometre recorded in Venezuela?
- The lowest recorded value was 0 units per square kilometre in 1995.
- How does Venezuela rank for monthly minimum wage, per square kilometre?
- Venezuela ranks 168th out of 169 countries with data for 2023.
- Is monthly minimum wage, per square kilometre rising or falling in Venezuela?
- Over the last ten years it is down 95.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage, per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Monthly minimum wage divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Monthly minimum wage ÷ Land area (sq. km)
Computed from
- Monthly minimum wage International Labour Organization
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Monthly minimum wage divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.