Time-related underemployment (ILO modelled estimates) (15+) … unit in Venezuela
Venezuela: Time-related underemployment (ILO modelled estimates) (15+) … unit was 0 units per US$ of GDP in 2025. ◆ Volatile
Time-related underemployment (ILO modelled estimates) (15+), per unit in Venezuela, 2005–2025
Source: Statizoid (derived). Measured in units per US$ of GDP.
Analysis
The most recent figure for time-related underemployment (ilo modelled estimates) (15+), per unit in Venezuela is 0 units per US$ of GDP, measured in 2025.
Compared with earlier readings it is up 22.1% on the previous year and down 5.5% over ten years.
Over the whole period, time-related underemployment (ilo modelled estimates) (15+), per unit in Venezuela peaked at 0 units per US$ of GDP in 2020 and was at its lowest, 0 units per US$ of GDP, in 2010.
Venezuela ranks 42nd of 185 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Time-related underemployment (ILO modelled estimates) (15+) … unit in Venezuela, year by year
| Year | units per US$ of GDP | Change |
|---|---|---|
| 2005 | 0 units per US$ of GDP | — |
| 2006 | 0 units per US$ of GDP | -20.5% |
| 2007 | 0 units per US$ of GDP | -21.0% |
| 2008 | 0 units per US$ of GDP | -26.5% |
| 2009 | 0 units per US$ of GDP | +0.7% |
| 2010 | 0 units per US$ of GDP | -15.9% |
| 2011 | 0 units per US$ of GDP | +23.8% |
| 2012 | 0 units per US$ of GDP | -14.3% |
| 2013 | 0 units per US$ of GDP | +44.9% |
| 2014 | 0 units per US$ of GDP | +20.9% |
| 2015 | 0 units per US$ of GDP | +72.3% |
| 2016 | 0 units per US$ of GDP | +11.7% |
| 2017 | 0 units per US$ of GDP | -6.0% |
| 2018 | 0 units per US$ of GDP | +7.8% |
| 2019 | 0 units per US$ of GDP | +27.3% |
| 2020 | 0 units per US$ of GDP | +58.8% |
| 2021 | 0 units per US$ of GDP | -27.6% |
| 2022 | 0 units per US$ of GDP | -37.4% |
| 2023 | 0 units per US$ of GDP | -14.4% |
| 2024 | 0 units per US$ of GDP | -12.9% |
| 2025 | 0 units per US$ of GDP | +22.1% |
Venezuela compared with similar countries
- Venezuela's 0 units per US$ of GDP is above the median for lower middle income countries, which is 0 units per US$ of GDP, 1.3× the median. (46 countries reporting)
- Venezuela's 0 units per US$ of GDP is above the median for Latin America & Caribbean, which is 0 units per US$ of GDP, 2.7× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 5 |
| 2010s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 2020s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 6 |
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 time-related underemployment (ilo modelled estimates) (15+), per unit in Venezuela?
- Time-related underemployment (ilo modelled estimates) (15+), per unit in Venezuela was 0 units per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest time-related underemployment (ilo modelled estimates) (15+), per unit recorded in Venezuela?
- The highest recorded value was 0 units per US$ of GDP in 2020.
- What is the lowest time-related underemployment (ilo modelled estimates) (15+), per unit recorded in Venezuela?
- The lowest recorded value was 0 units per US$ of GDP in 2010.
- How does Venezuela rank for time-related underemployment (ilo modelled estimates) (15+), per unit?
- Venezuela ranks 42nd out of 185 countries with data for 2025.
- Is time-related underemployment (ilo modelled estimates) (15+), per unit rising or falling in Venezuela?
- Over the last ten years it is down 5.5%. 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 Time-related underemployment (ILO modelled estimates) (15+), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Time-related underemployment (ILO modelled estimates) (15+) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Time-related underemployment (ILO modelled estimates) (15+) ÷ GDP (current US$)
Computed from
- Time-related underemployment (ILO modelled estimates) International Labour Organization
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Time-related underemployment (ILO modelled estimates) (15+) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.