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 2023 was 5.53%, a 0.22% decline from 2022.
- Venezuela unemployment rate for 2022 was 5.75%, a 1.28% decline from 2021.
- Venezuela unemployment rate for 2021 was 7.03%, a 0.5% decline from 2020.
- Venezuela unemployment rate for 2020 was 7.53%, a 1.64% increase from 2019.
| Similar Country Ranking | |
|---|---|
| Country Name | Unemployment Rate (%) |
| South Africa | 27.99% |
| Botswana | 23.38% |
| Gabon | 20.36% |
| Namibia | 19.42% |
| Libya | 18.74% |
| St. Vincent and the Grenadines | 18.67% |
| Jordan | 17.94% |
| Iraq | 15.53% |
| Montenegro | 15.25% |
| North Macedonia | 13.08% |
| Guyana | 12.43% |
| Algeria | 11.81% |
| Albania | 11.58% |
| Lebanon | 11.57% |
| St. Lucia | 11.09% |
| Bosnia | 10.42% |
| Samoa | 9.75% |
| Colombia | 9.57% |
| Turkey | 9.41% |
| Iran | 9.10% |
| Serbia | 8.68% |
| Equatorial Guinea | 8.67% |
| Armenia | 8.59% |
| Costa Rica | 8.30% |
| Belize | 8.26% |
| Brazil | 7.95% |
| Suriname | 7.70% |
| Mauritius | 6.06% |
| Paraguay | 5.78% |
| Azerbaijan | 5.64% |
| Romania | 5.60% |
| Dominican Republic | 5.56% |
| Venezuela | 5.53% |
| Kazakhstan | 4.85% |
| Peru | 4.82% |
| China | 4.67% |
| Jamaica | 4.42% |
| Fiji | 4.33% |
| Bulgaria | 4.30% |
| Maldives | 4.13% |
| Turkmenistan | 4.12% |
| Malaysia | 3.86% |
| Belarus | 3.57% |
| Ecuador | 3.37% |
| Russia | 3.33% |
| Mexico | 2.81% |
| Guatemala | 2.71% |
| Tonga | 2.30% |
| Cuba | 1.16% |
| Thailand | 0.91% |
| Venezuela Unemployment Rate - Historical Data | ||
|---|---|---|
| Year | Unemployment Rate (%) | Annual Change |
| 2023 | 5.53% | -0.22% |
| 2022 | 5.75% | -1.28% |
| 2021 | 7.03% | -0.50% |
| 2020 | 7.53% | 1.64% |
| 2019 | 5.89% | 0.42% |
| 2018 | 5.46% | 0.42% |
| 2017 | 5.05% | -0.27% |
| 2016 | 5.32% | -0.82% |
| 2015 | 6.14% | -0.68% |
| 2014 | 6.82% | -0.72% |
| 2013 | 7.54% | 0.94% |
| 2012 | 6.60% | -0.30% |
| 2011 | 6.90% | -0.21% |
| 2010 | 7.11% | 1.02% |
| 2009 | 6.10% | -0.15% |
| 2008 | 6.25% | -1.03% |
| 2007 | 7.28% | -1.33% |
| 2006 | 8.61% | -2.06% |
| 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% |