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 2019 was 8.07%, a 0.11% increase from 2018.
  • Latin America & Caribbean unemployment rate for 2018 was 7.95%, a 0.13% decline from 2017.
  • Latin America & Caribbean unemployment rate for 2017 was 8.09%, a 0.27% increase from 2016.
  • Latin America & Caribbean unemployment rate for 2016 was 7.81%, a 1.11% increase from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
Latin America & Caribbean 8.07%
Euro Area 7.50%
European Union 6.67%
Sub-Saharan Africa 6.19%
World 5.40%
OECD members 5.36%
South Asia 5.11%
North America 3.89%
East Asia & Pacific 3.83%
Latin America & Caribbean Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2019 8.07% 0.11%
2018 7.95% -0.13%
2017 8.09% 0.27%
2016 7.81% 1.11%
2015 6.70% 0.55%
2014 6.15% -0.17%
2013 6.32% -0.08%
2012 6.40% -0.09%
2011 6.48% -0.48%
2010 6.96% -0.53%
2009 7.49% 0.99%
2008 6.50% -0.37%
2007 6.87% -0.38%
2006 7.25% -0.67%
2005 7.92% -0.46%
2004 8.38% -0.54%
2003 8.92% -0.16%
2002 9.09% 0.36%
2001 8.73% -0.41%
2000 9.14% -0.03%
1999 9.17% 0.87%
1998 8.30% 0.39%
1997 7.91% -0.12%
1996 8.03% 0.28%
1995 7.75% 1.14%
1994 6.62% 0.50%
1993 6.12% 0.04%
1992 6.08% -0.07%
1991 6.15% -0.07%