Output per hour worked, GDP constant 2021 international $ at PPP in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Output per hour worked, GDP constant 2021 international $ at PPP was 15.41 in 2027. ▼ Falling
Output per hour worked, GDP constant 2021 international $ at PPP in Venezuela, Bolivarian Republic of, 2005–2027
Source: International Labour Organization.
Analysis
The most recent figure for output per hour worked, gdp constant 2021 international $ at ppp in Venezuela, Bolivarian Republic of is 15.41, measured in 2027.
That represents a change of up 1.2% on the previous year and down 42.5% over ten years.
Over the whole period, output per hour worked, gdp constant 2021 international $ at ppp in Venezuela, Bolivarian Republic of peaked at 42.15 in 2013 and was at its lowest, 15.15, in 2022.
That places Venezuela, Bolivarian Republic of 117th 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 23 years of available data.
Output per hour worked, GDP constant 2021 international $ at PPP in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 35.53 | — |
| 2006 | 37.24 | +4.8% |
| 2007 | 39.9 | +7.1% |
| 2008 | 40.98 | +2.7% |
| 2009 | 39.16 | -4.4% |
| 2010 | 37.94 | -3.1% |
| 2011 | 39.36 | +3.7% |
| 2012 | 41.31 | +5.0% |
| 2013 | 42.15 | +2.0% |
| 2014 | 40.13 | -4.8% |
| 2015 | 37.33 | -7.0% |
| 2016 | 30.86 | -17.3% |
| 2017 | 26.78 | -13.2% |
| 2018 | 23 | -14.1% |
| 2019 | 18.27 | -20.6% |
| 2020 | 16.16 | -11.5% |
| 2021 | 15.39 | -4.8% |
| 2022 | 15.15 | -1.6% |
| 2023 | 15.42 | +1.8% |
| 2024 | 15.83 | +2.7% |
| 2025 | 15.76 | -0.4% |
| 2026 | 15.22 | -3.4% |
| 2027 | 15.41 | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 38.56 | 35.53 | 40.98 | 5 |
| 2010s | 33.71 | 18.27 | 42.15 | 10 |
| 2020s | 15.54 | 15.15 | 16.16 | 8 |
Countries ranked near Venezuela, Bolivarian Republic of
More economy & growth data for Venezuela, Bolivarian Republic of
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate -16.88 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.0562 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 196.28 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -45.2 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 120.25 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual -100 % change on previous year (1991)
- Agriculture, forestry, and fishing, value added (current LCU), per 0 current LCU per US$ of GDP (2011)
- Agriculture, forestry, and fishing, value added (current LCU), per 0 current LCU per person (2011)
Frequently asked questions
- What is output per hour worked, gdp constant 2021 international $ at ppp in Venezuela, Bolivarian Republic of?
- Output per hour worked, gdp constant 2021 international $ at ppp in Venezuela, Bolivarian Republic of was 15.41 in 2027, according to International Labour Organization.
- What is the highest output per hour worked, gdp constant 2021 international $ at ppp recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 42.15 in 2013.
- What is the lowest output per hour worked, gdp constant 2021 international $ at ppp recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 15.15 in 2022.
- How does Venezuela, Bolivarian Republic of rank for output per hour worked, gdp constant 2021 international $ at ppp?
- Venezuela, Bolivarian Republic of ranks 117th out of 188 countries with data for 2027.
- Is output per hour worked, gdp constant 2021 international $ at ppp rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 42.5%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Labour Organization, published as part of Output per hour worked, GDP constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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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. 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. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.