Latin America & Caribbean Unemployment Rate 1991-2021

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 2020 was 10.28%, a 2.29% increase from 2019.
  • Latin America & Caribbean unemployment rate for 2019 was 7.99%, a 0.03% increase from 2018.
  • Latin America & Caribbean unemployment rate for 2018 was 7.96%, a 0.13% decline from 2017.
  • Latin America & Caribbean unemployment rate for 2017 was 8.08%, a 0.28% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
Latin America & Caribbean 10.28%
North America 8.44%
Euro Area 8.20%
OECD members 7.38%
European Union 7.37%
Sub-Saharan Africa 6.63%
South Asia 6.63%
World 6.47%
East Asia & Pacific 4.34%
Latin America & Caribbean Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2020 10.28% 2.29%
2019 7.99% 0.03%
2018 7.96% -0.13%
2017 8.08% 0.28%
2016 7.81% 1.11%
2015 6.69% 0.52%
2014 6.17% -0.17%
2013 6.34% -0.05%
2012 6.39% -0.08%
2011 6.48% -0.47%
2010 6.95% -0.54%
2009 7.49% 1.00%
2008 6.49% -0.37%
2007 6.86% -0.39%
2006 7.26% -0.67%
2005 7.92% -0.46%
2004 8.38% -0.54%
2003 8.92% -0.16%
2002 9.08% 0.34%
2001 8.74% -0.42%
2000 9.16% -0.04%
1999 9.20% 0.86%
1998 8.33% 0.39%
1997 7.94% -0.13%
1996 8.07% 0.28%
1995 7.79% 1.14%
1994 6.66% 0.51%
1993 6.14% 0.04%
1992 6.11% -0.07%
1991 6.17% -0.07%