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GOAL 8: Decent Work and Economic Growth in Venezuela

Venezuela: GOAL 8: Decent Work and Economic Growth was 0.75 5 year moving average in 2023. ▲ Rising

Latest (2023)
0.75 5 year moving average
Change on year
up 34.9%
World rank
101st
of 215 countries
All-time high
0.75 5 year moving average
in 2021
All-time low
0.214 5 year moving average
in 2019
Years of data
20
2004–2023

GOAL 8: Decent Work and Economic Growth in Venezuela, 2004–2023

0.20.40.60.82004201320232004: 0.222 5 year moving average2005: 0.4 5 year moving average2006: 0.4 5 year moving average2007: 0.4 5 year moving average2008: 0.364 5 year moving average2009: 0.4 5 year moving average2010: 0.364 5 year moving average2011: 0.333 5 year moving average2012: 0.333 5 year moving average2013: 0.333 5 year moving average2014: 0.333 5 year moving average2015: 0.333 5 year moving average2016: 0.308 5 year moving average2017: 0.231 5 year moving average2018: 0.231 5 year moving average2019: 0.214 5 year moving average2020: 0.286 5 year moving average2021: 0.75 5 year moving average2022: 0.556 5 year moving average2023: 0.75 5 year moving average

Source: Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators). Measured in 5 year moving average.

Analysis

In 2023, goal 8: decent work and economic growth in Venezuela stood at 0.75 5 year moving average. That is the highest value across all 20 years on record.

Compared with earlier readings it is up 34.9% on the previous year and up 125.2% over ten years.

Over the whole period, goal 8: decent work and economic growth in Venezuela peaked at 0.75 5 year moving average in 2021 and was at its lowest, 0.214 5 year moving average, in 2019.

Venezuela ranks 101st of 215 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 20 years of available data.

GOAL 8: Decent Work and Economic Growth in Venezuela, year by year

Year 5 year moving average Change
2004 0.222 5 year moving average —
2005 0.4 5 year moving average +80.2%
2006 0.4 5 year moving average +0.0%
2007 0.4 5 year moving average +0.0%
2008 0.364 5 year moving average -9.0%
2009 0.4 5 year moving average +9.9%
2010 0.364 5 year moving average -9.0%
2011 0.333 5 year moving average -8.5%
2012 0.333 5 year moving average +0.0%
2013 0.333 5 year moving average +0.0%
2014 0.333 5 year moving average +0.0%
2015 0.333 5 year moving average +0.0%
2016 0.308 5 year moving average -7.5%
2017 0.231 5 year moving average -25.0%
2018 0.231 5 year moving average +0.0%
2019 0.214 5 year moving average -7.4%
2020 0.286 5 year moving average +33.6%
2021 0.75 5 year moving average +162.2%
2022 0.556 5 year moving average -25.9%
2023 0.75 5 year moving average +34.9%

Venezuela compared with similar countries

  • Venezuela's 0.75 5 year moving average is below the median for lower middle income countries, which is 0.875 5 year moving average, 86% of the median. (47 countries reporting)
  • Venezuela's 0.75 5 year moving average is above the median for Latin America & Caribbean, which is 0.75 5 year moving average, 1.0× the median. (42 countries reporting)

Biggest year-on-year movements

Years where GOAL 8: Decent Work and Economic Growth in Venezuela 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.

YearChange FromTo
2021 +162.2% 0.286 5 year moving average 0.75 5 year moving average
2005 +80.2% 0.222 5 year moving average 0.4 5 year moving average

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.3643 5 year moving average 0.222 5 year moving average 0.4 5 year moving average 6
2010s 0.3013 5 year moving average 0.214 5 year moving average 0.364 5 year moving average 10
2020s 0.5855 5 year moving average 0.286 5 year moving average 0.75 5 year moving average 4

Countries ranked near Venezuela

  1. 101 Angola 0.75 5 year moving average compare
  2. 101 Azerbaijan 0.75 5 year moving average compare
  3. 101 Belize 0.75 5 year moving average compare
  4. 101 Bhutan 0.75 5 year moving average compare
  5. 101 Bulgaria 0.75 5 year moving average compare
  6. 101 Cape Verde 0.75 5 year moving average compare
  7. 101 Cameroon 0.75 5 year moving average compare
  8. 101 China 0.75 5 year moving average compare
  9. 101 Croatia 0.75 5 year moving average compare
  10. 101 Cyprus 0.75 5 year moving average compare
  11. 101 Grenada 0.75 5 year moving average compare
  12. 101 Guyana 0.75 5 year moving average compare
  13. 101 Hong Kong 0.75 5 year moving average compare
  14. 101 Iran 0.75 5 year moving average compare
  15. 101 Kazakhstan 0.75 5 year moving average compare
  16. 101 Maldives 0.75 5 year moving average compare
  17. 101 Malta 0.75 5 year moving average compare
  18. 101 Marshall Islands 0.75 5 year moving average compare
  19. 101 Montenegro 0.75 5 year moving average compare
  20. 101 Morocco 0.75 5 year moving average compare
  21. 101 Mozambique 0.75 5 year moving average compare
  22. 101 Niger 0.75 5 year moving average compare
  23. 101 Papua New Guinea 0.75 5 year moving average compare
  24. 101 Paraguay 0.75 5 year moving average compare
  25. 101 Romania 0.75 5 year moving average compare
  26. 101 Rwanda 0.75 5 year moving average compare
  27. 101 Saudi Arabia 0.75 5 year moving average compare
  28. 101 Singapore 0.75 5 year moving average compare
  29. 101 Saint Lucia 0.75 5 year moving average compare
  30. 101 East Timor 0.75 5 year moving average compare
  31. 101 Ukraine 0.75 5 year moving average compare
  32. 101 United Arab Emirates 0.75 5 year moving average compare
  33. 101 Uruguay 0.75 5 year moving average compare
  34. 101 Uzbekistan 0.75 5 year moving average compare
  35. 101 Vanuatu 0.75 5 year moving average compare

See the full ranking of 215 places →

More reference data data for Venezuela

All data for Venezuela →

Frequently asked questions

What is goal 8: decent work and economic growth in Venezuela?
Goal 8: decent work and economic growth in Venezuela was 0.75 5 year moving average in 2023, according to Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
What is the highest goal 8: decent work and economic growth recorded in Venezuela?
The highest recorded value was 0.75 5 year moving average in 2021.
What is the lowest goal 8: decent work and economic growth recorded in Venezuela?
The lowest recorded value was 0.214 5 year moving average in 2019.
How does Venezuela rank for goal 8: decent work and economic growth?
Venezuela ranks 101st out of 215 countries with data for 2023.
Is goal 8: decent work and economic growth rising or falling in Venezuela?
Over the last ten years it is up 125.2%. The long-run trend across the full record is rising.
Where does this Venezuela data come from?
The figures come from Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators), published as part of GOAL 8: Decent Work and Economic Growth (5 year moving average). Statizoid updates them automatically from the source API.

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GOAL 8: Decent Work and Economic Growth in Venezuela. Statizoid, drawing on Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators). Retrieved 29 September 2026, from https://reference.statizoid.com/stat/goal-8-decent-work-and-economic-growth-5-year-moving-average/venezuela-rb/

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About this data

Indicator
GOAL 8: Decent Work and Economic Growth (5 year moving average)
Unit
5 year moving average
Source
Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
215 places, 4,300 data points, 2004–2023
Last refreshed

SDG Goal 8 data availability. Source: UN Global SDG Indicators Database