Output per worker, GDP constant 2021 international $ at PPP in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Output per worker, GDP constant 2021 international $ at PPP was 30,625 in 2027. ▼ Falling
Output per worker, GDP constant 2021 international $ at PPP in Venezuela, Bolivarian Republic of, 1991–2027
Source: International Labour Organization.
Analysis
In 2027, output per worker, gdp constant 2021 international $ at ppp in Venezuela, Bolivarian Republic of stood at 30,625.
Compared with earlier readings it is up 1.3% on the previous year and down 43.1% over ten years.
Over the whole period, output per worker, gdp constant 2021 international $ at ppp in Venezuela, Bolivarian Republic of peaked at 86,962 in 2013 and was at its lowest, 29,928, in 2021.
That places Venezuela, Bolivarian Republic of 120th out of 188 countries with data for 2027, putting it 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 2021 international $ at PPP in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 85,372 | — |
| 1992 | 85,974 | +0.7% |
| 1993 | 82,957 | -3.5% |
| 1994 | 80,810 | -2.6% |
| 1995 | 83,062 | +2.8% |
| 1996 | 82,235 | -1.0% |
| 1997 | 84,176 | +2.4% |
| 1998 | 82,327 | -2.2% |
| 1999 | 79,079 | -3.9% |
| 2000 | 79,261 | +0.2% |
| 2001 | 78,923 | -0.4% |
| 2002 | 73,715 | -6.6% |
| 2003 | 67,663 | -8.2% |
| 2004 | 75,179 | +11.1% |
| 2005 | 76,354 | +1.6% |
| 2006 | 79,485 | +4.1% |
| 2007 | 83,998 | +5.7% |
| 2008 | 85,887 | +2.2% |
| 2009 | 81,771 | -4.8% |
| 2010 | 80,194 | -1.9% |
| 2011 | 82,178 | +2.5% |
| 2012 | 85,729 | +4.3% |
| 2013 | 86,962 | +1.4% |
| 2014 | 82,234 | -5.4% |
| 2015 | 75,990 | -7.6% |
| 2016 | 62,347 | -18.0% |
| 2017 | 53,811 | -13.7% |
| 2018 | 45,942 | -14.6% |
| 2019 | 36,306 | -21.0% |
| 2020 | 30,044 | -17.2% |
| 2021 | 29,928 | -0.4% |
| 2022 | 30,211 | +0.9% |
| 2023 | 30,682 | +1.6% |
| 2024 | 31,471 | +2.6% |
| 2025 | 31,317 | -0.5% |
| 2026 | 30,228 | -3.5% |
| 2027 | 30,625 | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 82,888 | 79,079 | 85,974 | 9 |
| 2000s | 78,224 | 67,663 | 85,887 | 10 |
| 2010s | 69,169 | 36,306 | 86,962 | 10 |
| 2020s | 30,563 | 29,928 | 31,471 | 8 |
Countries ranked near Venezuela, Bolivarian Republic of
- 117 Uzbekistan 31,973 compare
- 118 Mauritania 31,871 compare
- 119 Peru 30,925 compare
- 121 Viet Nam 30,426 compare
- 122 Ecuador 30,372 compare
- 123 Cape Verde 29,137 compare
More work & labour data for Venezuela, Bolivarian Republic of
- 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)
- 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)
- Legislation on sexual harassment in employment 1 (1=yes; 0=no) (2023)
- Criminal sanctions or compensation for workplace sexual harassment 1 (1=yes; 0=no) (2023)
- Women can take the same jobs as men 1 (1=yes; 0=no) (2023)
Frequently asked questions
- What is output per worker, gdp constant 2021 international $ at ppp in Venezuela, Bolivarian Republic of?
- Output per worker, gdp constant 2021 international $ at ppp in Venezuela, Bolivarian Republic of was 30,625 in 2027, according to International Labour Organization.
- What is the highest output per worker, gdp constant 2021 international $ at ppp recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 86,962 in 2013.
- What is the lowest output per worker, gdp constant 2021 international $ at ppp recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 29,928 in 2021.
- How does Venezuela, Bolivarian Republic of rank for output per worker, gdp constant 2021 international $ at ppp?
- Venezuela, Bolivarian Republic of ranks 120th out of 188 countries with data for 2027.
- Is output per worker, gdp constant 2021 international $ at ppp rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 43.1%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Labour Organization, published as part of Output per worker, GDP constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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About this data
This measure of labour productivity is calculated using data on GDP (in constant 2021 international dollars at PPP) 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.