Unemployment rate for persons ages 25 to 54 in Venezuela
Venezuela: Unemployment rate for persons ages 25 to 54 was 3.83 in 2017. ▼ Falling
Unemployment rate for persons ages 25 to 54 in Venezuela, 2005–2017
Source: International Labour Organization.
Analysis
In 2017, unemployment rate for persons ages 25 to 54 in Venezuela stood at 3.83. That is the lowest value across all 10 years on record.
The figure is down 5.6% on the previous year and down 33.7% over ten years.
Over the whole period, unemployment rate for persons ages 25 to 54 in Venezuela peaked at 8.59 in 2005 and was at its lowest, 3.83, in 2017.
Venezuela ranks 42nd of 82 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 10 years of available data.
Unemployment rate for persons ages 25 to 54 in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 8.59 | — |
| 2006 | 6.95 | -19.1% |
| 2007 | 5.77 | -17.0% |
| 2008 | 4.78 | -17.2% |
| 2009 | 4.71 | -1.5% |
| 2010 | 5.5 | +16.8% |
| 2011 | 5.34 | -2.9% |
| 2012 | 5.07 | -5.1% |
| 2016 | 4.05 | -20.0% |
| 2017 | 3.83 | -5.6% |
Venezuela compared with similar countries
- Venezuela's 3.83 is above the median for lower middle income countries, which is 2.96, 1.3× the median. (19 countries reporting)
- Venezuela's 3.83 is below the median for Latin America & Caribbean, which is 3.84, 100% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.16 | 4.71 | 8.59 | 5 |
| 2010s | 4.76 | 3.83 | 5.5 | 5 |
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 rate for persons ages 25 to 54 in Venezuela?
- Unemployment rate for persons ages 25 to 54 in Venezuela was 3.83 in 2017, according to International Labour Organization.
- What is the highest unemployment rate for persons ages 25 to 54 recorded in Venezuela?
- The highest recorded value was 8.59 in 2005.
- What is the lowest unemployment rate for persons ages 25 to 54 recorded in Venezuela?
- The lowest recorded value was 3.83 in 2017.
- How does Venezuela rank for unemployment rate for persons ages 25 to 54?
- Venezuela ranks 42nd out of 82 countries with data for 2017.
- Is unemployment rate for persons ages 25 to 54 rising or falling in Venezuela?
- Over the last ten years it is down 33.7%. 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 Unemployment rate for persons ages 25 to 54 (previous ILO definition - ICLS13). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 10 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. Prime-age refers to persons aged 25 to 54 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 Gender Equality and Non-Discrimination Indicators (GEND) database description.