Venezuela Unemployment Rate 1960-2024

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • Venezuela unemployment rate for 2022 was 5.62%, a 1.51% decline from 2021.
  • Venezuela unemployment rate for 2021 was 7.13%, a 0.4% decline from 2020.
  • Venezuela unemployment rate for 2020 was 7.53%, a 1.61% increase from 2019.
  • Venezuela unemployment rate for 2019 was 5.92%, a 0.41% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
South Africa 28.84%
Botswana 23.62%
Gabon 20.61%
Namibia 19.99%
St. Vincent and the Grenadines 19.55%
Libya 19.30%
Jordan 19.19%
St. Lucia 15.77%
Iraq 15.32%
Montenegro 15.25%
North Macedonia 14.43%
Bosnia 12.66%
Algeria 12.49%
Guyana 12.30%
Lebanon 11.75%
Albania 11.63%
Costa Rica 11.32%
Colombia 10.55%
Turkey 10.43%
Samoa 10.04%
Brazil 9.23%
Iran 8.82%
Serbia 8.68%
Belize 8.67%
Armenia 8.59%
Equatorial Guinea 8.58%
Suriname 8.23%
Paraguay 6.75%
Mauritius 6.32%
Azerbaijan 5.65%
Venezuela 5.62%
Romania 5.61%
Dominican Republic 5.50%
Jamaica 5.50%
China 4.98%
Kazakhstan 4.86%
Fiji 4.56%
Maldives 4.39%
Bulgaria 4.27%
Turkmenistan 4.13%
Russia 3.87%
Peru 3.85%
Ecuador 3.76%
Malaysia 3.63%
Belarus 3.57%
Mexico 3.26%
Guatemala 3.05%
Tonga 2.43%
Cuba 1.25%
Thailand 0.94%
Nauru 0.00%
Dominica 0.00%
Grenada 0.00%
Tuvalu 0.00%
American Samoa 0.00%
Marshall Islands 0.00%
Venezuela Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2022 5.62% -1.51%
2021 7.13% -0.40%
2020 7.53% 1.61%
2019 5.92% 0.41%
2018 5.51% 0.46%
2017 5.05% -0.27%
2016 5.32% -0.77%
2015 6.09% -0.71%
2014 6.80% -0.74%
2013 7.54% 0.94%
2012 6.60% -0.30%
2011 6.90% -0.21%
2010 7.11% 1.01%
2009 6.10% -0.15%
2008 6.25% -1.03%
2007 7.28% -1.33%
2006 8.61% -2.05%
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% 9.45%
1990 0.00% 0.00%
1989 0.00% 0.00%
1988 0.00% 0.00%
1987 0.00% 0.00%
1986 0.00% 0.00%
1985 0.00% 0.00%
1984 0.00% 0.00%
1983 0.00% 0.00%
1982 0.00% 0.00%
1981 0.00% 0.00%
1980 0.00% 0.00%
1979 0.00% 0.00%
1978 0.00% 0.00%
1977 0.00% 0.00%
1976 0.00% 0.00%
1975 0.00% 0.00%
1974 0.00% 0.00%
1973 0.00% 0.00%
1972 0.00% 0.00%
1971 0.00% 0.00%
1970 0.00% 0.00%
1969 0.00% 0.00%
1968 0.00% 0.00%
1967 0.00% 0.00%
1966 0.00% 0.00%
1965 0.00% 0.00%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%