Latin America & Caribbean Unemployment Rate 1991-2022

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 2021 was 9.96%, a 0.1% decline from 2020.
  • Latin America & Caribbean unemployment rate for 2020 was 10.06%, a 2.13% increase from 2019.
  • Latin America & Caribbean unemployment rate for 2019 was 7.93%, a 0.06% increase from 2018.
  • Latin America & Caribbean unemployment rate for 2018 was 7.87%, a 0.11% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
Latin America & Caribbean 9.96%
Euro Area 7.76%
Sub-Saharan Africa 7.66%
European Union 7.04%
OECD members 6.33%
World 6.18%
South Asia 5.79%
North America 5.70%
East Asia & Pacific 4.20%
Latin America & Caribbean Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2021 9.96% -0.10%
2020 10.06% 2.13%
2019 7.93% 0.06%
2018 7.87% -0.11%
2017 7.99% 0.27%
2016 7.72% 1.09%
2015 6.63% 0.48%
2014 6.15% -0.21%
2013 6.36% -0.05%
2012 6.41% -0.07%
2011 6.48% -0.32%
2010 6.80% -0.63%
2009 7.44% 0.98%
2008 6.45% -0.35%
2007 6.80% -0.44%
2006 7.24% -0.62%
2005 7.86% -0.44%
2004 8.31% -0.51%
2003 8.81% -0.13%
2002 8.94% 0.24%
2001 8.70% -0.30%
2000 9.01% -0.13%
1999 9.14% 0.88%
1998 8.26% 0.37%
1997 7.89% -0.18%
1996 8.07% 0.35%
1995 7.72% 1.17%
1994 6.55% 0.46%
1993 6.09% 0.01%
1992 6.08% -0.04%
1991 6.12% -0.04%