Unemployment, male (% of male labor force) (national estimate) in Venezuela
Venezuela: Unemployment, male (% of male labor force) (national estimate) was 7.3% in 2020. ▼ Falling
Unemployment, male (% of male labor force) in Venezuela, 1977–2020
Source: Labour Force Statistics database (LFS), International Labour Organization (ILO).
Analysis
In 2020, unemployment, male (% of male labor force) in Venezuela stood at 7.3%.
That represents a change of up 61.7% on the previous year and up 0.9% over ten years.
Over the whole period, unemployment, male (% of male labor force) in Venezuela peaked at 14.4% in 2002 and was at its lowest, 4.5%, in 2017.
That places Venezuela 48th out of 181 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Unemployment, male (% of male labor force) (national estimate) in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1977 | 5.4% | — |
| 1979 | 6.4% | +18.5% |
| 1981 | 7.5% | +16.3% |
| 1982 | 8.9% | +18.1% |
| 1983 | 12.5% | +41.0% |
| 1984 | 13.9% | +10.9% |
| 1985 | 13.6% | -1.7% |
| 1986 | 11.3% | -16.8% |
| 1987 | 9.8% | -13.3% |
| 1988 | 7.8% | -21.0% |
| 1989 | 10.1% | +29.5% |
| 1990 | 13.9% | +38.7% |
| 1994 | 8.1% | -42.2% |
| 1995 | 9.0% | +11.2% |
| 2001 | 10.1% | +13.3% |
| 2002 | 14.4% | +42.3% |
| 2003 | 14.4% | -0.1% |
| 2005 | 10.0% | -30.3% |
| 2006 | 8.1% | -19.2% |
| 2007 | 7.0% | -13.1% |
| 2008 | 6.3% | -11.2% |
| 2009 | 6.2% | -1.3% |
| 2010 | 7.2% | +16.7% |
| 2011 | 6.7% | -7.1% |
| 2012 | 6.3% | -6.5% |
| 2016 | 5.3% | -16.1% |
| 2017 | 4.5% | -14.4% |
| 2020 | 7.3% | +61.7% |
Venezuela compared with similar countries
- Venezuela's 7.3% is above the median for lower middle income countries, which is 3.8%, 1.9× the median. (39 countries reporting)
- Venezuela's 7.3% is above the median for Latin America & Caribbean, which is 5.2%, 1.4× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.9% | 5.4% | 6.4% | 2 |
| 1980s | 10.6% | 7.5% | 13.9% | 9 |
| 1990s | 10.3% | 8.1% | 13.9% | 3 |
| 2000s | 9.6% | 6.2% | 14.4% | 8 |
| 2010s | 6.0% | 4.5% | 7.2% | 5 |
| 2020s | 7.3% | 7.3% | 7.3% | 1 |
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 unemployment, male (% of male labor force) in Venezuela?
- Unemployment, male (% of male labor force) in Venezuela was 7.3% in 2020, according to Labour Force Statistics database (LFS), International Labour Organization (ILO).
- What is the highest unemployment, male (% of male labor force) recorded in Venezuela?
- The highest recorded value was 14.4% in 2002.
- What is the lowest unemployment, male (% of male labor force) recorded in Venezuela?
- The lowest recorded value was 4.5% in 2017.
- How does Venezuela rank for unemployment, male (% of male labor force)?
- Venezuela ranks 48th out of 181 countries with data for 2020.
- Is unemployment, male (% of male labor force) rising or falling in Venezuela?
- Over the last ten years it is up 0.9%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Labour Force Statistics database (LFS), International Labour Organization (ILO), published as part of Unemployment, male (% of male labor force) (national estimate). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Definitions of labor force and unemployment differ by country.