Labour share of GDP in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Labour share of GDP was 9.8% in 2025. ◆ Volatile
Labour share of GDP in Venezuela (Bolivarian Republic of), 2004–2025
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for labour share of gdp in Venezuela (Bolivarian Republic of) is 9.8%, measured in 2025.
The figure is up 1.0% on the previous year and down 68.6% over ten years.
Over the whole period, labour share of gdp in Venezuela (Bolivarian Republic of) peaked at 48.3% in 2014 and was at its lowest, 9.6%, in 2022.
Venezuela (Bolivarian Republic of) ranks 103rd of 103 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Labour share of GDP in Venezuela (Bolivarian Republic of), year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 39.4% | — |
| 2005 | 38.0% | -3.6% |
| 2006 | 40.3% | +6.1% |
| 2007 | 41.9% | +4.0% |
| 2008 | 39.5% | -5.7% |
| 2009 | 46.0% | +16.5% |
| 2010 | 39.8% | -13.5% |
| 2011 | 39.7% | -0.3% |
| 2012 | 42.6% | +7.3% |
| 2013 | 42.4% | -0.5% |
| 2014 | 48.3% | +13.9% |
| 2015 | 31.2% | -35.4% |
| 2016 | 30.5% | -2.2% |
| 2017 | 25.4% | -16.7% |
| 2018 | 17.7% | -30.3% |
| 2019 | 10.2% | -42.4% |
| 2020 | 10.4% | +2.0% |
| 2021 | 10.1% | -2.9% |
| 2022 | 9.6% | -5.0% |
| 2023 | 9.7% | +1.0% |
| 2024 | 9.7% | +0.0% |
| 2025 | 9.8% | +1.0% |
Biggest year-on-year movements
Years where Labour share of GDP in Venezuela (Bolivarian Republic of) 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 |
|---|---|---|---|
| 2019 | -42.4% | 17.7% | 10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40.9% | 38.0% | 46.0% | 6 |
| 2010s | 32.8% | 10.2% | 48.3% | 10 |
| 2020s | 9.9% | 9.6% | 10.4% | 6 |
Countries ranked near Venezuela (Bolivarian Republic of)
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 4.86 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices -5.21 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 161,016 million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 14,501 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 0 million SLC (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 5,131 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 8.17 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -17.94 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -35.55 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 5.01 % (2024)
Frequently asked questions
- What is labour share of gdp in Venezuela (Bolivarian Republic of)?
- Labour share of gdp in Venezuela (Bolivarian Republic of) was 9.8% in 2025, according to United Nations Statistics Division, SDG Global Database.
- What is the highest labour share of gdp recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 48.3% in 2014.
- What is the lowest labour share of gdp recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 9.6% in 2022.
- How does Venezuela (Bolivarian Republic of) rank for labour share of gdp?
- Venezuela (Bolivarian Republic of) ranks 103rd out of 103 countries with data for 2025.
- Is labour share of gdp rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is down 68.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Labour share of GDP (%). Statizoid updates them automatically from the source API.
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