Output per hour worked, GDP constant 2021 international $ at PPP (ILO) in Venezuela
Venezuela: Output per hour worked, GDP constant 2021 international $ at PPP (ILO) was 15.41 in 2027. ▼ Falling
Output per hour worked, GDP constant 2021 international $ at PPP in Venezuela, 2005–2027
Source: International Labour Organization.
Analysis
The most recent figure for output per hour worked, gdp constant 2021 international $ at ppp in Venezuela 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 peaked at 42.15 in 2013 and was at its lowest, 15.15, in 2022.
That places Venezuela 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 (ILO) in Venezuela, 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% |
Venezuela compared with similar countries
- Venezuela's 15.41 is above the median for lower middle income countries, which is 8.87, 1.7× the median. (46 countries reporting)
- Venezuela's 15.41 is below the median for Latin America & Caribbean, which is 23.44, 66% of the median. (31 countries reporting)
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
More economy & growth data for Venezuela
- 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)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0477 units per US$ of GDP (2025)
Frequently asked questions
- What is output per hour worked, gdp constant 2021 international $ at ppp in Venezuela?
- Output per hour worked, gdp constant 2021 international $ at ppp in Venezuela 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?
- 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?
- The lowest recorded value was 15.15 in 2022.
- How does Venezuela rank for output per hour worked, gdp constant 2021 international $ at ppp?
- Venezuela 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?
- Over the last ten years it is down 42.5%. 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 Output per hour worked, GDP constant 2021 international $ at PPP (ILO modelled estimates). 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. 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.