Output per worker, GDP constant 2021 international $ at PPP (ILO) in Venezuela
Venezuela: Output per worker, GDP constant 2021 international $ at PPP (ILO) was 30,625 in 2027. ▼ Falling
Output per worker, GDP constant 2021 international $ at PPP in Venezuela, 1991–2027
Source: International Labour Organization.
Analysis
In 2027, output per worker, gdp constant 2021 international $ at ppp in Venezuela 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 peaked at 86,962 in 2013 and was at its lowest, 29,928, in 2021.
That places Venezuela 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 (ILO) in Venezuela, 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% |
Venezuela compared with similar countries
- Venezuela's 30,625 is above the median for lower middle income countries, which is 18,707, 1.6× the median. (46 countries reporting)
- Venezuela's 30,625 is below the median for Latin America & Caribbean, which is 48,945, 63% of the median. (31 countries reporting)
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
- 117 Uzbekistan 31,973 compare
- 118 Mauritania 31,871 compare
- 119 Peru 30,925 compare
- 121 Vietnam 30,426 compare
- 122 Ecuador 30,372 compare
- 123 Cape Verde 29,137 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 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)
Frequently asked questions
- What is output per worker, gdp constant 2021 international $ at ppp in Venezuela?
- Output per worker, gdp constant 2021 international $ at ppp in Venezuela 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?
- 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?
- The lowest recorded value was 29,928 in 2021.
- How does Venezuela rank for output per worker, gdp constant 2021 international $ at ppp?
- Venezuela 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?
- 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 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.