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 October of 2021.

Unemployment Rate in Bolivia is expected to reach 4.50 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 3.80 percent in 2022 and 3.40 percent in 2023, according to our econometric models.

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Bolivia Unemployment Rate


Bolivia Last Unit Reference Previous Highest Lowest
Unemployment Rate 5.60 percent Dec/20 3.60 6.00 2.10
Minimum Wages 2164.00 BOB/Month Dec/21 2122.00 2164.00 400.00
Population 11.68 Million Dec/20 11.51 11.68 3.35
Unemployed Persons 352771.00 Number of persons Jun/21 400193.00 400193.00 116111.00
Labor Force Participation Rate 76.10 percent Jun/21 75.30 76.10 61.10
Employment Rate 72.00 percent Jun/21 70.60 72.00 59.40
Employed Persons 6145039.00 Number of persons Jun/21 5996501.00 6145039.00 3637048.00


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.