Unemployment Rate in Bolivia increased to 5.60 percent in 2020 from 3.60 percent in 2019. source: Instituto Nacional de Estadística de Bolivia

Unemployment Rate in Bolivia averaged 4 percent from 1991 until 2020, reaching an all time high of 6 percent in 1993 and a record low of 2.10 percent in 1997. This page provides - Bolivia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bolivia Unemployment Rate - values, historical data and charts - was last updated on July of 2021.

Unemployment Rate in Bolivia is expected to reach 3.90 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bolivia Unemployment Rate is projected to trend around 3.70 percent in 2022 and 3.40 percent in 2023, according to our econometric models.

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Bolivia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.60 3.60 6.00 2.10 1991 - 2020 percent Yearly

Bolivia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.60 3.60 6.00 2.10 percent [+]
Minimum Wages 2164.00 2122.00 2164.00 400.00 BOB/Month [+]
Population 11.68 11.51 11.68 3.35 Million [+]
Labor Force Participation Rate 73.70 73.10 73.70 61.10 percent [+]
Employed Persons 5788074.00 5744465.00 5788074.00 3637048.00 Number of persons [+]
Employment Rate 70.60 70.40 71.10 59.40 percent [+]
Unemployed Persons 255576.00 214770.00 255592.00 116111.00 Number of persons [+]

Bolivia Unemployment Rate
In Bolivia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.