Venezuela Unemployment Rate 1991-2020

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • Venezuela unemployment rate for 2019 was 8.80%, a 1.58% increase from 2018.
  • Venezuela unemployment rate for 2018 was 7.22%, a 0.09% decline from 2017.
  • Venezuela unemployment rate for 2017 was 7.30%, a 0.09% decline from 2016.
  • Venezuela unemployment rate for 2016 was 7.39%, a 0.05% decline from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
South Africa 28.18%
St. Lucia 20.71%
Namibia 20.27%
Gabon 20.00%
St. Vincent and the Grenadines 18.88%
Libya 18.56%
Bosnia 18.43%
Botswana 18.19%
North Macedonia 17.76%
Armenia 16.99%
Montenegro 14.88%
Jordan 14.72%
Turkey 13.49%
Iraq 12.82%
Serbia 12.69%
Albania 12.33%
Brazil 12.08%
Costa Rica 11.85%
Guyana 11.85%
Algeria 11.70%
Iran 11.38%
Colombia 9.71%
Venezuela 8.80%
Samoa 8.36%
Jamaica 8.00%
Suriname 7.33%
Mauritius 6.67%
Equatorial Guinea 6.43%
Belize 6.41%
Lebanon 6.23%
Maldives 6.14%
Dominican Republic 5.85%
Azerbaijan 5.51%
Paraguay 4.81%
Belarus 4.60%
Kazakhstan 4.59%
Russia 4.59%
Bulgaria 4.34%
China 4.32%
Fiji 4.10%
Romania 3.98%
Ecuador 3.97%
Turkmenistan 3.91%
Mexico 3.43%
Malaysia 3.32%
Peru 3.31%
Guatemala 2.46%
Cuba 1.64%
Tonga 1.12%
Thailand 0.75%
Venezuela Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2019 8.80% 1.58%
2018 7.22% -0.09%
2017 7.30% -0.09%
2016 7.39% -0.05%
2015 7.44% -0.04%
2014 7.48% -0.06%
2013 7.54% 0.94%
2012 6.60% -0.30%
2011 6.90% -0.21%
2010 7.11% 1.02%
2009 6.10% -0.15%
2008 6.25% -1.03%
2007 7.28% -1.33%
2006 8.61% -2.06%
2005 10.66% -4.41%
2004 15.07% -1.71%
2003 16.78% 0.61%
2002 16.17% 3.13%
2001 13.04% -0.95%
2000 13.99% -0.54%
1999 14.53% 3.38%
1998 11.15% -0.01%
1997 11.16% -0.61%
1996 11.77% 1.53%
1995 10.24% 1.68%
1994 8.56% 1.96%
1993 6.60% -1.09%
1992 7.69% -1.76%
1991 9.45% -1.76%