Median earnings per hour, aged 15-24, local currency values in Venezuela

Venezuela: Median earnings per hour, aged 15-24, local currency values was 2,950 in 2006. β—† Volatile

Latest (2006)
2,950
Change on year
up 39.8%
World rank
5th
of 71 countries
All-time high
2,950
in 2006
All-time low
23.44
in 1989
Years of data
10
1989–2006

Median earnings per hour, aged 15-24, local currency values in Venezuela, 1989–2006

01.0k2.0k3.0k1989199720061989: 23.41992: 52.51995: 1561998: 6252000: 782.32001: 880.72002: 1.0k2004: 1.6k2005: 2.1k2006: 2.9k

Source: World Bank.

Analysis

The most recent figure for median earnings per hour, aged 15-24, local currency values in Venezuela is 2,950, measured in 2006. That is the highest value across all 10 years on record.

The figure is up 39.8% on the previous year and up 1,790.6% over ten years.

Over the whole period, median earnings per hour, aged 15-24, local currency values in Venezuela peaked at 2,950 in 2006 and was at its lowest, 23.44, in 1989.

That places Venezuela 5th out of 71 countries with data for 2006, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1980s 23.44 23.44 23.44 1
1990s 277.84 52.5 625 3
2000s 1,552 782.28 2,950 6

Countries ranked near Venezuela

  1. 2 Paraguay 8,678 compare
  2. 3 Korea 8,220 compare
  3. 4 Colombia 4,315 compare
  4. 6 Chile 1,534 compare
  5. 7 Costa Rica 1,390 compare
  6. 8 Tanzania 1,044 compare

See the full ranking of 71 places β†’

More reference data data for Venezuela

All data for Venezuela β†’

Frequently asked questions

What is median earnings per hour, aged 15-24, local currency values in Venezuela?
Median earnings per hour, aged 15-24, local currency values in Venezuela was 2,950 in 2006, according to the World Bank.
What is the highest median earnings per hour, aged 15-24, local currency values recorded in Venezuela?
The highest recorded value was 2,950 in 2006.
What is the lowest median earnings per hour, aged 15-24, local currency values recorded in Venezuela?
The lowest recorded value was 23.44 in 1989.
How does Venezuela rank for median earnings per hour, aged 15-24, local currency values?
Venezuela ranks 5th out of 71 countries with data for 2006.
Is median earnings per hour, aged 15-24, local currency values rising or falling in Venezuela?
Over the last ten years it is up 1,790.6%. The long-run trend across the full record is volatile.
Where does this Venezuela data come from?
The figures come from the World Bank, published as part of Median earnings per hour, aged 15-24, local currency values. Statizoid updates them automatically from the source API.

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Median earnings per hour, aged 15-24, local currency values in Venezuela. Statizoid. Retrieved 17 August 2026, from https://reference.statizoid.com/stat/median-earnings-per-hour-aged-15-24-local-currency-values/venezuela-rb/

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About this data

Indicator
Median earnings per hour, aged 15-24, local currency values
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
71 places, 948 data points, 1970–2021
Last refreshed