The number of unemployed persons in Venezuela decreased to 1018421 in December of 2018 from 1166087 in November of 2018.

Unemployed Persons in Venezuela averaged 1259836.17 from 1999 until 2018, reaching an all time high of 2406251 in February of 2003 and a record low of 760063 in November of 2008. This page provides - Venezuela Unemployed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Unemployed Persons - values, historical data and charts - was last updated on May of 2020. source: National Institute of Statistics, Venezuela

Unemployed Persons in Venezuela is expected to be 1160000.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Venezuela to stand at 1200000.00 in 12 months time. In the long-term, the Venezuela Unemployed Persons is projected to trend around 1350000.00 in 2021, according to our econometric models.

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Venezuela Unemployed Persons

Actual Previous Highest Lowest Dates Unit Frequency
1018421.00 1166087.00 2406251.00 760063.00 1999 - 2018 Monthly
Volume, NSA

Venezuela Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.40 7.30 20.70 5.50 percent [+]
Employed Persons 15011108.00 14715518.00 15011108.00 8505814.00 [+]
Unemployed Persons 1018421.00 1166087.00 2406251.00 760063.00 [+]
Minimum Wages 250000.00 150000.00 5196000.00 4.00 VEF/Month [+]
Population 32.22 31.83 32.22 7.58 Million [+]
Employment Rate 93.65 92.66 94.47 79.30 percent [+]


Venezuela Unemployed Persons
In Venezuela, unemployed persons are individuals who are without a job and actively seeking to work.