Unemployment Rate in Bolivia increased to 3.60 percent in 2019 from 3 percent in 2018.

Unemployment Rate in Bolivia averaged 3.94 percent from 1991 until 2019, reaching an all time high of 6 percent in 1993 and a record low of 2.10 percent in 1997. This page provides - Bolivia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bolivia Unemployment Rate - values, historical data and charts - was last updated on July of 2020.

Unemployment Rate in Bolivia is expected to reach 4.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bolivia Unemployment Rate is projected to trend around 3.90 percent in 2021 and 3.40 percent in 2022, according to our econometric models.

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Bolivia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.00 6.00 2.10 1991 - 2019 percent Yearly

Bolivia Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.60 3.00 6.00 2.10 percent [+]
Minimum Wages 2122.00 2060.00 2122.00 400.00 BOB/Month [+]
Population 11.47 11.31 11.47 3.35 Million [+]
Unemployed Persons 214770.00 194171.00 255592.00 116111.00 Number of persons [+]
Labor Force Participation Rate 73.10 73.50 73.50 61.10 percent [+]
Employed Persons 5744465.00 5773042.00 5773042.00 3637048.00 Number of persons [+]
Employment Rate 70.40 71.10 71.10 59.40 percent [+]


Bolivia Unemployment Rate
In Bolivia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.