LU2: Combined rate of time-related underemployment and unemployment in Venezuela
Venezuela: LU2: Combined rate of time-related underemployment and unemployment was 12.02 in 2027. ▼ Falling
LU2: Combined rate of time-related underemployment and unemployment in Venezuela, 2005–2027
Source: International Labour Organization.
Analysis
Venezuela recorded 12.02 for lu2: combined rate of time-related underemployment and unemployment in 2027.
That represents a change of up 0.5% on the previous year and up 1.4% over ten years.
Over the whole period, lu2: combined rate of time-related underemployment and unemployment in Venezuela peaked at 17.97 in 2005 and was at its lowest, 11.57, in 2025.
Venezuela ranks 78th of 188 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
LU2: Combined rate of time-related underemployment and unemployment in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 17.97 | — |
| 2006 | 15.71 | -12.6% |
| 2007 | 14.23 | -9.5% |
| 2008 | 13.13 | -7.7% |
| 2009 | 13.22 | +0.7% |
| 2010 | 14.15 | +7.0% |
| 2011 | 13.82 | -2.4% |
| 2012 | 13.5 | -2.3% |
| 2013 | 14.42 | +6.9% |
| 2014 | 13.68 | -5.1% |
| 2015 | 12.98 | -5.1% |
| 2016 | 12.2 | -6.1% |
| 2017 | 11.85 | -2.8% |
| 2018 | 12.3 | +3.8% |
| 2019 | 12.67 | +3.0% |
| 2020 | 14.86 | +17.3% |
| 2021 | 13.98 | -5.9% |
| 2022 | 12.14 | -13.2% |
| 2023 | 11.67 | -3.9% |
| 2024 | 11.59 | -0.7% |
| 2025 | 11.57 | -0.1% |
| 2026 | 11.96 | +3.3% |
| 2027 | 12.02 | +0.5% |
Venezuela compared with similar countries
- Venezuela's 12.02 is above the median for lower middle income countries, which is 11.95, 1.0× the median. (46 countries reporting)
- Venezuela's 12.02 is below the median for Latin America & Caribbean, which is 12.17, 99% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.85 | 13.13 | 17.97 | 5 |
| 2010s | 13.16 | 11.85 | 14.42 | 10 |
| 2020s | 12.48 | 11.57 | 14.86 | 8 |
Countries ranked near Venezuela
More work & labour data for Venezuela
- Persons outside the labour force (ILO modelled estimates) 10,601 (2027)
- Labour force participation rate (ILO modelled estimates) 51.65 (2027)
- Labour force (ILO modelled estimates) 11,326 (2027)
- Unemployment rate (ILO modelled estimates) 5.73 (2027)
- Labour dependency ratio 1.69 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,625 (2027)
- Output per worker, GDP constant 2015 US $ 10,899 (2027)
- Employment-to-population ratio (ILO modelled estimates) 48.69 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.43 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.9762 % change on previous year (2027)
Frequently asked questions
- What is lu2: combined rate of time-related underemployment and unemployment in Venezuela?
- Lu2: combined rate of time-related underemployment and unemployment in Venezuela was 12.02 in 2027, according to International Labour Organization.
- What is the highest lu2: combined rate of time-related underemployment and unemployment recorded in Venezuela?
- The highest recorded value was 17.97 in 2005.
- What is the lowest lu2: combined rate of time-related underemployment and unemployment recorded in Venezuela?
- The lowest recorded value was 11.57 in 2025.
- How does Venezuela rank for lu2: combined rate of time-related underemployment and unemployment?
- Venezuela ranks 78th out of 188 countries with data for 2027.
- Is lu2: combined rate of time-related underemployment and unemployment rising or falling in Venezuela?
- Over the last ten years it is up 1.4%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from International Labour Organization, published as part of LU2: Combined rate of time-related underemployment and unemployment (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. LU2 represents the share of the labour force that are either in unemployment or time-related underemployment. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.