Unemployment Rate in Venezuela increased to 7.30 percent in April from 7.10 percent in March of 2016. source: National Institute of Statistics, Venezuela

Unemployment Rate in Venezuela averaged 10.62 percent from 1999 until 2016, reaching an all time high of 20.70 percent in February of 2003 and a record low of 5.50 percent in December of 2014. This page provides - Venezuela Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Unemployment Rate in Venezuela is expected to be 9.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Venezuela to stand at 10.50 in 12 months time. In the long-term, the Venezuela Unemployment Rate is projected to trend around 10.50 percent in 2021 and 11.00 percent in 2022, according to our econometric models.

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Venezuela Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.40 7.30 20.70 5.50 1999 - 2018 percent Monthly

Venezuela Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.40 7.30 20.70 5.50 percent [+]
Employed Persons 15011108.00 14715518.00 15011108.00 8505814.00 [+]
Unemployed Persons 1018421.00 1166087.00 2406251.00 760063.00 [+]
Minimum Wages 400000.00 250000.00 5196000.00 4.00 VEF/Month [+]
Population 32.22 31.83 32.22 7.58 Million [+]
Employment Rate 93.65 92.66 94.47 79.30 percent [+]

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