SDG indicator 8.2.1: Annual growth rate of output per worker … 2021 in Venezuela
Venezuela: SDG indicator 8.2.1: Annual growth rate of output per worker … 2021 was 1.31 in 2027. ◆ Volatile
SDG indicator 8.2.1: Annual growth rate of output per worker, GDP in Venezuela, 2000–2027
Source: International Labour Organization.
Analysis
In 2027, sdg indicator 8.2.1: annual growth rate of output per worker, gdp in Venezuela stood at 1.31.
Compared with earlier readings it is up 137.7% on the previous year and up 109.6% over ten years.
Over the whole period, sdg indicator 8.2.1: annual growth rate of output per worker, gdp in Venezuela peaked at 11.11 in 2004 and was at its lowest, -20.98, in 2019.
Venezuela ranks 132nd of 188 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
SDG indicator 8.2.1: Annual growth rate of output per worker … 2021 in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.231 | — |
| 2001 | -0.427 | -284.8% |
| 2002 | -6.6 | +1445.4% |
| 2003 | -8.21 | +24.4% |
| 2004 | 11.11 | -235.3% |
| 2005 | 1.56 | -85.9% |
| 2006 | 4.1 | +162.4% |
| 2007 | 5.68 | +38.5% |
| 2008 | 2.25 | -60.4% |
| 2009 | -4.79 | -313.1% |
| 2010 | -1.93 | -59.8% |
| 2011 | 2.48 | -228.4% |
| 2012 | 4.32 | +74.6% |
| 2013 | 1.44 | -66.7% |
| 2014 | -5.44 | -477.8% |
| 2015 | -7.59 | +39.7% |
| 2016 | -17.95 | +136.5% |
| 2017 | -13.69 | -23.7% |
| 2018 | -14.62 | +6.8% |
| 2019 | -20.98 | +43.5% |
| 2020 | -17.25 | -17.8% |
| 2021 | -0.386 | -97.8% |
| 2022 | 0.944 | -344.6% |
| 2023 | 1.56 | +65.3% |
| 2024 | 2.57 | +64.7% |
| 2025 | -0.487 | -118.9% |
| 2026 | -3.48 | +614.0% |
| 2027 | 1.31 | -137.7% |
Venezuela compared with similar countries
- Venezuela's 1.31 is below the median for lower middle income countries, which is 1.6, 82% of the median. (46 countries reporting)
- Venezuela's 1.31 is below the median for Latin America & Caribbean, which is 1.63, 80% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where SDG indicator 8.2.1: Annual growth rate of output per worker … 2021 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 |
|---|---|---|---|
| 2002 | -1445.4% | -0.427 | -6.6 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.4901 | -8.21 | 11.11 | 10 |
| 2010s | -7.4 | -20.98 | 4.32 | 10 |
| 2020s | -1.9 | -17.25 | 2.57 | 8 |
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 sdg indicator 8.2.1: annual growth rate of output per worker, gdp in Venezuela?
- Sdg indicator 8.2.1: annual growth rate of output per worker, gdp in Venezuela was 1.31 in 2027, according to International Labour Organization.
- What is the highest sdg indicator 8.2.1: annual growth rate of output per worker, gdp recorded in Venezuela?
- The highest recorded value was 11.11 in 2004.
- What is the lowest sdg indicator 8.2.1: annual growth rate of output per worker, gdp recorded in Venezuela?
- The lowest recorded value was -20.98 in 2019.
- How does Venezuela rank for sdg indicator 8.2.1: annual growth rate of output per worker, gdp?
- Venezuela ranks 132nd out of 188 countries with data for 2027.
- Is sdg indicator 8.2.1: annual growth rate of output per worker, gdp rising or falling in Venezuela?
- Over the last ten years it is up 109.6%. 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 SDG indicator 8.2.1: Annual growth rate of output per worker, GDP constant 2021 international dollars at PPP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
The series is part of the ILO modelled estimates and is harmonized to account for differences in national data and scope of coverage, collection and tabulation methodologies as well as for other country-specific factors. This indicator conveys the annual growth rates of labour productivity. Labour productivity represents the total volume of output (measured in terms of Gross Domestic Product, GDP) produced per unit of labour (measured in terms of the number of employed persons) during a given time reference period. The indicator allows data users to assess GDP-to-labour input levels and growth rates over time, thus providing general information about the efficiency and quality of human capital in the production process for a given economic and social context, including other complementary inputs and innovations used in production. For more information, refer to the Labour Market-related SDG Indicators (ILOSDG) database description.