Wage bill as a percentage of GDP in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Wage bill as a percentage of GDP was 1.4% in 2022. ▼ Falling
Wage bill as a percentage of GDP in Venezuela, Bolivarian Republic of, 2000–2022
Source: World Bank.
Analysis
In 2022, wage bill as a percentage of gdp in Venezuela, Bolivarian Republic of stood at 1.4%.
Compared with earlier readings it is up 300.0% on the previous year and down 70.3% over ten years.
Over the whole period, wage bill as a percentage of gdp in Venezuela, Bolivarian Republic of peaked at 5.3% in 2009 and was at its lowest, 0.4%, in 2019.
Venezuela, Bolivarian Republic of ranks 189th of 190 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 23 years of available data.
Wage bill as a percentage of GDP in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.1% | — |
| 2001 | 4.9% | +21.6% |
| 2002 | 4.6% | -6.6% |
| 2003 | 4.7% | +0.8% |
| 2004 | 4.2% | -9.3% |
| 2005 | 3.8% | -9.8% |
| 2006 | 4.1% | +8.3% |
| 2007 | 4.2% | +2.1% |
| 2008 | 4.5% | +6.9% |
| 2009 | 5.3% | +17.6% |
| 2010 | 4.4% | -16.3% |
| 2011 | 4.6% | +3.7% |
| 2012 | 4.8% | +4.9% |
| 2013 | 5.1% | +4.9% |
| 2014 | 4.0% | -20.4% |
| 2015 | 3.4% | -15.1% |
| 2016 | 3.6% | +4.9% |
| 2017 | 3.6% | +0.0% |
| 2018 | 3.6% | +0.0% |
| 2019 | 0.4% | -90.0% |
| 2020 | 0.4% | +0.0% |
| 2021 | 0.4% | +0.0% |
| 2022 | 1.4% | +300.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.4% | 3.8% | 5.3% | 10 |
| 2010s | 3.7% | 0.4% | 5.1% | 10 |
| 2020s | 0.7% | 0.4% | 1.4% | 3 |
Countries ranked near Venezuela, Bolivarian Republic of
- 186 Equatorial Guinea 2.1% compare
- 187 Nigeria 1.7% compare
- 188 Bangladesh 1.6% compare
- 190 India 1.0% compare
More reference data data for Venezuela, Bolivarian Republic of
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.34 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 6.85 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 10.29 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2667 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.29 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 4.49 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.91 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 38.02 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 53.46 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.45 (2050)
Frequently asked questions
- What is wage bill as a percentage of gdp in Venezuela, Bolivarian Republic of?
- Wage bill as a percentage of gdp in Venezuela, Bolivarian Republic of was 1.4% in 2022, according to the World Bank.
- What is the highest wage bill as a percentage of gdp recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 5.3% in 2009.
- What is the lowest wage bill as a percentage of gdp recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 0.4% in 2019.
- How does Venezuela, Bolivarian Republic of rank for wage bill as a percentage of gdp?
- Venezuela, Bolivarian Republic of ranks 189th out of 190 countries with data for 2022.
- Is wage bill as a percentage of gdp rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 70.3%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from the World Bank, published as part of Wage bill as a percentage of GDP. Statizoid updates them automatically from the source API.
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