SDG indicator 8.5.2: Unemployment rate (previous ILO definition) in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: SDG indicator 8.5.2: Unemployment rate (previous ILO definition) was 7.53 in 2020. ▼ Falling
SDG indicator 8.5.2: Unemployment rate (previous ILO definition) in Venezuela, Bolivarian Republic of, 2001–2020
Source: International Labour Organization.
Analysis
Venezuela, Bolivarian Republic of recorded 7.53 for sdg indicator 8.5.2: unemployment rate (previous ilo definition) in 2020.
That represents a change of up 49.2% on the previous year and up 5.8% over ten years.
Over the whole period, sdg indicator 8.5.2: unemployment rate (previous ilo definition) in Venezuela, Bolivarian Republic of peaked at 16.78 in 2003 and was at its lowest, 5.04, in 2017.
That places Venezuela, Bolivarian Republic of 50th out of 179 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
SDG indicator 8.5.2: Unemployment rate (previous ILO definition) in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 8.83 | — |
| 2002 | 16.17 | +83.1% |
| 2003 | 16.78 | +3.8% |
| 2005 | 10.66 | -36.5% |
| 2006 | 8.61 | -19.3% |
| 2007 | 7.28 | -15.4% |
| 2008 | 6.25 | -14.2% |
| 2009 | 6.1 | -2.4% |
| 2010 | 7.11 | +16.6% |
| 2011 | 6.9 | -3.0% |
| 2012 | 6.6 | -4.4% |
| 2016 | 5.32 | -19.4% |
| 2017 | 5.04 | -5.2% |
| 2020 | 7.53 | +49.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.08 | 6.1 | 16.78 | 8 |
| 2010s | 6.2 | 5.04 | 7.11 | 5 |
| 2020s | 7.53 | 7.53 | 7.53 | 1 |
Countries ranked near Venezuela, Bolivarian Republic of
More work & labour data for Venezuela, Bolivarian Republic of
- 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 sdg indicator 8.5.2: unemployment rate (previous ilo definition) in Venezuela, Bolivarian Republic of?
- Sdg indicator 8.5.2: unemployment rate (previous ilo definition) in Venezuela, Bolivarian Republic of was 7.53 in 2020, according to International Labour Organization.
- What is the highest sdg indicator 8.5.2: unemployment rate (previous ilo definition) recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 16.78 in 2003.
- What is the lowest sdg indicator 8.5.2: unemployment rate (previous ilo definition) recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 5.04 in 2017.
- How does Venezuela, Bolivarian Republic of rank for sdg indicator 8.5.2: unemployment rate (previous ilo definition)?
- Venezuela, Bolivarian Republic of ranks 50th out of 179 countries with data for 2020.
- Is sdg indicator 8.5.2: unemployment rate (previous ilo definition) rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 5.8%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Labour Organization, published as part of SDG indicator 8.5.2: Unemployment rate (previous ILO definition - ICLS13) (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data may differ from nationally reported figures and the Global SDG Indicators Database due to differences in sources and/or reference years. The unemployment rate conveys the number of persons who are unemployed as a percent of the labour force (i.e., the employed plus the unemployed). The unemployed comprise all persons of working age who were: a) without work during the reference period, i.e. were not in paid employment or self-employment; b) currently available for work, i.e. were available for paid employment or self-employment during the reference period; and c) seeking work, i.e. had taken specific steps in a specified recent period to seek paid employment or self-employment. For more information, refer to the Labour Market-related SDG Indicators (ILOSDG) database description.