Latin America & Caribbean Unemployment Rate 1991-2020

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • Latin America & Caribbean unemployment rate for 2018 was 8.06%, a 0.02% decline from 2017.
  • Latin America & Caribbean unemployment rate for 2017 was 8.08%, a 0.29% increase from 2016.
  • Latin America & Caribbean unemployment rate for 2016 was 7.78%, a 1.15% increase from 2015.
  • Latin America & Caribbean unemployment rate for 2015 was 6.64%, a 0.51% increase from 2014.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
Euro Area 8.20%
Latin America & Caribbean 8.06%
European Union 6.82%
Sub-Saharan Africa 6.10%
OECD members 5.32%
World 4.95%
North America 4.15%
East Asia & Pacific 3.87%
South Asia 2.75%
Latin America & Caribbean Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2018 8.06% -0.02%
2017 8.08% 0.29%
2016 7.78% 1.15%
2015 6.64% 0.51%
2014 6.13% -0.20%
2013 6.33% -0.08%
2012 6.41% -0.11%
2011 6.51% -0.52%
2010 7.03% -0.57%
2009 7.60% 1.09%
2008 6.50% -0.38%
2007 6.88% -0.39%
2006 7.27% -0.68%
2005 7.95% -0.46%
2004 8.41% -0.53%
2003 8.94% -0.16%
2002 9.10% 0.35%
2001 8.75% -0.44%
2000 9.19% -0.04%
1999 9.22% 0.89%
1998 8.33% 0.38%
1997 7.95% -0.12%
1996 8.07% 0.28%
1995 7.79% 1.19%
1994 6.60% 0.46%
1993 6.14% 0.06%
1992 6.07% -0.04%
1991 6.11% -0.04%