Venezuela Unemployment Rate 1991-2024

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • Venezuela unemployment rate for 2022 was 5.33%, a 1.14% decline from 2021.
  • Venezuela unemployment rate for 2021 was 6.47%, a 1.06% decline from 2020.
  • Venezuela unemployment rate for 2020 was 7.53%, a 2.44% increase from 2019.
  • Venezuela unemployment rate for 2019 was 5.09%, a 0.07% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
South Africa 29.81%
Gabon 21.47%
Namibia 20.85%
Botswana 20.68%
Libya 20.68%
St. Vincent and the Grenadines 18.98%
Jordan 17.87%
St. Lucia 17.36%
Iraq 15.55%
Montenegro 15.40%
North Macedonia 15.08%
Bosnia 14.05%
Lebanon 12.64%
Armenia 12.56%
Guyana 12.36%
Albania 11.81%
Algeria 11.55%
Costa Rica 11.45%
Iran 10.96%
Colombia 10.73%
Samoa 10.31%
Turkey 10.03%
Belize 9.69%
Serbia 9.47%
Brazil 9.46%
Equatorial Guinea 8.69%
Suriname 8.64%
Mauritius 7.23%
Dominican Republic 7.12%
Paraguay 6.89%
Jamaica 6.05%
Azerbaijan 5.46%
Romania 5.44%
Venezuela 5.33%
Turkmenistan 5.02%
Kazakhstan 5.01%
China 4.89%
Maldives 4.88%
Bulgaria 4.40%
Fiji 4.33%
Belarus 4.17%
Ecuador 3.96%
Malaysia 3.73%
Peru 3.66%
Mexico 3.31%
Tonga 3.01%
Guatemala 2.57%
Cuba 1.39%
Thailand 0.86%
Venezuela Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2022 5.33% -1.14%
2021 6.47% -1.06%
2020 7.53% 2.44%
2019 5.09% 0.07%
2018 5.02% -0.03%
2017 5.05% -0.27%
2016 5.32% -0.76%
2015 6.08% -0.79%
2014 6.87% -0.68%
2013 7.54% 0.94%
2012 6.60% -0.30%
2011 6.90% -0.21%
2010 7.11% 1.01%
2009 6.10% -0.15%
2008 6.25% -1.03%
2007 7.28% -1.33%
2006 8.61% -2.05%
2005 10.66% -4.41%
2004 15.07% -1.71%
2003 16.78% 0.61%
2002 16.17% 3.13%
2001 13.04% -0.95%
2000 13.99% -0.54%
1999 14.53% 3.38%
1998 11.15% -0.01%
1997 11.16% -0.61%
1996 11.77% 1.53%
1995 10.24% 1.68%
1994 8.56% 1.96%
1993 6.60% -1.09%
1992 7.69% -1.76%
1991 9.45% -1.76%