Latin America & Caribbean Unemployment Rate 1991-2023
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 2022 was 7.02%, a 2.21% decline from 2021.
- Latin America & Caribbean unemployment rate for 2021 was 9.24%, a 0.96% decline from 2020.
- Latin America & Caribbean unemployment rate for 2020 was 10.20%, a 2.22% increase from 2019.
- Latin America & Caribbean unemployment rate for 2019 was 7.98%, a 0.05% increase from 2018.
| Latin America & Caribbean Unemployment Rate - Historical Data |
| Year |
Unemployment Rate (%) |
Annual Change |
| 2022 |
7.02% |
-2.21% |
| 2021 |
9.24% |
-0.96% |
| 2020 |
10.20% |
2.22% |
| 2019 |
7.98% |
0.05% |
| 2018 |
7.94% |
-0.11% |
| 2017 |
8.05% |
0.26% |
| 2016 |
7.78% |
1.11% |
| 2015 |
6.67% |
0.49% |
| 2014 |
6.17% |
-0.20% |
| 2013 |
6.37% |
-0.04% |
| 2012 |
6.41% |
-0.29% |
| 2011 |
6.70% |
-0.37% |
| 2010 |
7.06% |
-0.69% |
| 2009 |
7.76% |
0.97% |
| 2008 |
6.79% |
-0.37% |
| 2007 |
7.15% |
-0.44% |
| 2006 |
7.60% |
-0.70% |
| 2005 |
8.29% |
-0.45% |
| 2004 |
8.75% |
-0.60% |
| 2003 |
9.34% |
-0.16% |
| 2002 |
9.50% |
0.44% |
| 2001 |
9.06% |
-0.27% |
| 2000 |
9.33% |
-0.13% |
| 1999 |
9.46% |
0.96% |
| 1998 |
8.50% |
0.34% |
| 1997 |
8.16% |
-0.15% |
| 1996 |
8.31% |
0.39% |
| 1995 |
7.92% |
1.28% |
| 1994 |
6.63% |
0.57% |
| 1993 |
6.06% |
0.00% |
| 1992 |
6.06% |
-0.06% |
| 1991 |
6.12% |
-0.06% |
