Productivity vs annual hours worked in Venezuela
Venezuela: Productivity vs annual hours worked was 1,829 in 2014. ▼ Falling
Latest (2014)
1,829
Change on year
down 0.6%
World rank
81st
of 129 countries
All-time high
2,179
in 1950
All-time low
1,801
in 2003
Years of data
65
1950–2014
Productivity vs annual hours worked in Venezuela, 1950–2014
Source: Our World in Data.
Analysis
In 2014, productivity vs annual hours worked in Venezuela stood at 1,829.
Compared with earlier readings it is down 0.6% on the previous year and down 3.6% over ten years.
Over the whole period, productivity vs annual hours worked in Venezuela peaked at 2,179 in 1950 and was at its lowest, 1,801, in 2003.
That places Venezuela 81st out of 129 countries with data for 2014, putting it in the middle of the range.
The long-run direction has been consistently falling across the 65 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 2,108 | 2,039 | 2,179 | 10 |
| 1960s | 1,991 | 1,958 | 2,024 | 10 |
| 1970s | 1,972 | 1,951 | 1,992 | 10 |
| 1980s | 1,948 | 1,900 | 1,997 | 10 |
| 1990s | 1,901 | 1,868 | 1,931 | 10 |
| 2000s | 1,873 | 1,801 | 1,923 | 10 |
| 2010s | 1,853 | 1,829 | 1,885 | 5 |
Countries ranked near Venezuela
- 78 Democratic Republic of Congo 1,841 compare
- 79 Cyprus 1,840 compare
- 80 Kyrgyzstan 1,830 compare
- 82 Romania 1,826 compare
- 83 Poland 1,807 compare
- 84 Madagascar 1,799 compare
More economy & growth data for Venezuela
- External balance on goods and services as a percent of gdp 4.79 (2025)
- Inflation of consumer prices 254.95 (2016)
- Gdp per capita worldbank constant usd 1,519 (2025)
- Manufacturing value added to gdp 0 (2011)
- Gdp worldbank constant usd 43.31 billion (2025)
- Gdp per capita in international and market dollars 1,519 (2025)
- DEC alternative conversion factor 165.46 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 996.97 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 6.03 billion current US$ (2025)
- Taxes less subsidies on products 0 current LCU (2011)
Frequently asked questions
- What is productivity vs annual hours worked in Venezuela?
- Productivity vs annual hours worked in Venezuela was 1,829 in 2014, according to Our World in Data.
- What is the highest productivity vs annual hours worked recorded in Venezuela?
- The highest recorded value was 2,179 in 1950.
- What is the lowest productivity vs annual hours worked recorded in Venezuela?
- The lowest recorded value was 1,801 in 2003.
- How does Venezuela rank for productivity vs annual hours worked?
- Venezuela ranks 81st out of 129 countries with data for 2014.
- Is productivity vs annual hours worked rising or falling in Venezuela?
- Over the last ten years it is down 3.6%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Our World in Data, published as part of Productivity vs annual hours worked. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (Our World in Data).