Output per worker, GDP constant 2015 US $ (ILO modelled estimates) in Venezuela
Venezuela: Output per worker, GDP constant 2015 US $ (ILO modelled estimates) was 10,899 in 2027. ▼ Falling
Output per worker, GDP constant 2015 US $ in Venezuela, 1991–2027
Source: International Labour Organization.
Analysis
Venezuela recorded 10,899 for output per worker, gdp constant 2015 us $ in 2027.
The figure is up 1.3% on the previous year and down 43.1% over ten years.
Over the whole period, output per worker, gdp constant 2015 us $ in Venezuela peaked at 30,950 in 2013 and was at its lowest, 10,651, in 2021.
Venezuela ranks 119th of 188 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 37 years of available data.
Output per worker, GDP constant 2015 US $ (ILO modelled estimates) in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 30,384 | — |
| 1992 | 30,598 | +0.7% |
| 1993 | 29,524 | -3.5% |
| 1994 | 28,760 | -2.6% |
| 1995 | 29,561 | +2.8% |
| 1996 | 29,267 | -1.0% |
| 1997 | 29,958 | +2.4% |
| 1998 | 29,300 | -2.2% |
| 1999 | 28,144 | -3.9% |
| 2000 | 28,209 | +0.2% |
| 2001 | 28,088 | -0.4% |
| 2002 | 26,235 | -6.6% |
| 2003 | 24,081 | -8.2% |
| 2004 | 26,756 | +11.1% |
| 2005 | 27,174 | +1.6% |
| 2006 | 28,288 | +4.1% |
| 2007 | 29,895 | +5.7% |
| 2008 | 30,567 | +2.2% |
| 2009 | 29,102 | -4.8% |
| 2010 | 28,541 | -1.9% |
| 2011 | 29,247 | +2.5% |
| 2012 | 30,511 | +4.3% |
| 2013 | 30,950 | +1.4% |
| 2014 | 29,267 | -5.4% |
| 2015 | 27,045 | -7.6% |
| 2016 | 22,189 | -18.0% |
| 2017 | 19,151 | -13.7% |
| 2018 | 16,351 | -14.6% |
| 2019 | 12,921 | -21.0% |
| 2020 | 10,693 | -17.2% |
| 2021 | 10,651 | -0.4% |
| 2022 | 10,752 | +0.9% |
| 2023 | 10,920 | +1.6% |
| 2024 | 11,200 | +2.6% |
| 2025 | 11,146 | -0.5% |
| 2026 | 10,758 | -3.5% |
| 2027 | 10,899 | +1.3% |
Venezuela compared with similar countries
- Venezuela's 10,899 is above the median for lower middle income countries, which is 5,609, 1.9× the median. (46 countries reporting)
- Venezuela's 10,899 is below the median for Latin America & Caribbean, which is 21,448, 51% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29,499 | 28,144 | 30,598 | 9 |
| 2000s | 27,839 | 24,081 | 30,567 | 10 |
| 2010s | 24,617 | 12,921 | 30,950 | 10 |
| 2020s | 10,877 | 10,651 | 11,200 | 8 |
Countries ranked near Venezuela
- 116 Sri Lanka 12,196 compare
- 117 Guatemala 11,988 compare
- 118 Uzbekistan 11,903 compare
- 120 Sao Tome and Principe 10,797 compare
- 121 El Salvador 10,612 compare
- 122 Jamaica 10,582 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)
- 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)
- Legislation on sexual harassment in employment 1 (1=yes; 0=no) (2023)
Frequently asked questions
- What is output per worker, gdp constant 2015 us $ in Venezuela?
- Output per worker, gdp constant 2015 us $ in Venezuela was 10,899 in 2027, according to International Labour Organization.
- What is the highest output per worker, gdp constant 2015 us $ recorded in Venezuela?
- The highest recorded value was 30,950 in 2013.
- What is the lowest output per worker, gdp constant 2015 us $ recorded in Venezuela?
- The lowest recorded value was 10,651 in 2021.
- How does Venezuela rank for output per worker, gdp constant 2015 us $?
- Venezuela ranks 119th out of 188 countries with data for 2027.
- Is output per worker, gdp constant 2015 us $ rising or falling in Venezuela?
- Over the last ten years it is down 43.1%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from International Labour Organization, published as part of Output per worker, GDP constant 2015 US $ (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 37 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
This measure of labour productivity is calculated using data on GDP in constant 2015 US dollars derived from the World Development Indicators database of the World Bank. To compute labour productivity as GDP per worker, ILO estimates for total employment are used. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.