Unemployment Rate in Venezuela decreased to 6.40 percent in December from 7.30 percent in November of 2018. source: National Institute of Statistics, Venezuela

Unemployment Rate in Venezuela averaged 10.15 percent from 1999 until 2018, reaching an all time high of 20.70 percent in February of 2003 and a record low of 5.50 percent in December of 2014. This page provides - Venezuela Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Unemployment Rate - values, historical data and charts - was last updated on December of 2021.

Unemployment Rate in Venezuela is expected to be 10.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Venezuela to stand at 10.00 in 12 months time. In the long-term, the Venezuela Unemployment Rate is projected to trend around 10.00 percent in 2022 and 9.70 percent in 2023, according to our econometric models.

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Venezuela Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 6.40 7.30 percent Dec/18
Employed Persons 15011108.00 14715518.00 Dec/18
Unemployed Persons 1018421.00 1166087.00 Dec/18
Population 32.60 32.22 Million Dec/20
Employment Rate 93.65 92.66 percent Dec/18
Venezuela Unemployment Rate
In Venezuela, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.