Time-related underemployment (ILO modelled estimates) (15+) in Venezuela
Venezuela: Time-related underemployment (ILO modelled estimates) (15+) was 712.03 in 2027. ▼ Falling
Time-related underemployment (ILO modelled estimates) in Venezuela, 2005–2027
Source: International Labour Organization.
Analysis
In 2027, time-related underemployment (ilo modelled estimates) in Venezuela stood at 712.03.
Compared with earlier readings it is up 1.0% on the previous year and down 20.9% over ten years.
Over the whole period, time-related underemployment (ilo modelled estimates) in Venezuela peaked at 933.08 in 2016 and was at its lowest, 672.66, in 2023.
Venezuela ranks 44th of 188 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 23 years of available data.
Time-related underemployment (ILO modelled estimates) (15+) in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 858.31 | — |
| 2006 | 860.82 | +0.3% |
| 2007 | 853.7 | -0.8% |
| 2008 | 861.12 | +0.9% |
| 2009 | 905.11 | +5.1% |
| 2010 | 908.03 | +0.3% |
| 2011 | 904.93 | -0.3% |
| 2012 | 910.8 | +0.6% |
| 2013 | 917.32 | +0.7% |
| 2014 | 921.97 | +0.5% |
| 2015 | 926.36 | +0.5% |
| 2016 | 933.08 | +0.7% |
| 2017 | 900.11 | -3.5% |
| 2018 | 854.15 | -5.1% |
| 2019 | 778.48 | -8.9% |
| 2020 | 725.21 | -6.8% |
| 2021 | 693.65 | -4.4% |
| 2022 | 682.92 | -1.5% |
| 2023 | 672.66 | -1.5% |
| 2024 | 690.06 | +2.6% |
| 2025 | 696.57 | +0.9% |
| 2026 | 704.81 | +1.2% |
| 2027 | 712.03 | +1.0% |
Venezuela compared with similar countries
- Venezuela's 712.03 is above the median for lower middle income countries, which is 219.9, 3.2× the median. (46 countries reporting)
- Venezuela's 712.03 is above the median for Latin America & Caribbean, which is 178.79, 4.0× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 867.81 | 853.7 | 905.11 | 5 |
| 2010s | 895.52 | 778.48 | 933.08 | 10 |
| 2020s | 697.24 | 672.66 | 725.21 | 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 time-related underemployment (ilo modelled estimates) in Venezuela?
- Time-related underemployment (ilo modelled estimates) in Venezuela was 712.03 in 2027, according to International Labour Organization.
- What is the highest time-related underemployment (ilo modelled estimates) recorded in Venezuela?
- The highest recorded value was 933.08 in 2016.
- What is the lowest time-related underemployment (ilo modelled estimates) recorded in Venezuela?
- The lowest recorded value was 672.66 in 2023.
- How does Venezuela rank for time-related underemployment (ilo modelled estimates)?
- Venezuela ranks 44th out of 188 countries with data for 2027.
- Is time-related underemployment (ilo modelled estimates) rising or falling in Venezuela?
- Over the last ten years it is down 20.9%. 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 Time-related underemployment (ILO modelled estimates) (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. Persons in time-related underemployment comprise all persons in employment, who satisfy the following three criteria during the reference period: a) are willing to work additional hours; b) are available to work additional hours i.e., are ready, within a specified subsequent period, to work additional hours, given opportunities for additional work; and c) worked less than a threshold relating to working time i.e., persons whose hours actually worked in all jobs during the reference period were below a threshold, to be chosen according to national circumstances. For details, refer to the Resolution concerning the measurement of underemployment and inadequate employment situations. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.