Venezuela

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:

LABOUR MARKET

 

 

Labour market indicators

Unemployment rate in 1999: 14.9% (ILO data)


Working population:

Year

Total Population

Working population

Activity rate

2004  

26 127 000  
11 111 291  
43%  
Source : Worldbank


Employment by sector:

Year

Agriculture

Industry

Services

2003  

10.7%  
19.8%  
69.1%  
Sources: ILO, Eurostat, last available data

 

Employment contracts
Employment contracts are regulated by law and collective agreements.


Salaries

National monthly minimum wage as of 01/01/03: The monthly minimum wage at present exchange rates is $163 (190,080 bolivars) in the private sector for urban workers, $150 (174,240 bolivars) for employees of small and medium-sized companies, and $150 (174,072 bolivars) for rural workers.

Average wage for a employee in the manufacturing industry in 1997: 141122 bolivares by  month (ILO data)


Social security contributions

Employer: N/A.

Employee: N/A.

 

Number of hours

Legal definition of full time work (per week): 44 hours

Retirement age: N/A.

 

Unions

Average rate of union membership:28 %.

Unions: N/A.


Useful links

For further informations on the labour market, check out the following web sites:

- International Labour Organization (ILO): studies, statistics and reports on working conditions and labour markets

- NATLEX : ILO database on national labour laws

- Venezuela Labour Law Profile


Last modified in January 2006
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