Unemployment rate (ILO modelled estimates) in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Unemployment rate (ILO modelled estimates) was 5.73 in 2027. ▼ Falling
Unemployment rate (ILO modelled estimates) in Venezuela, Bolivarian Republic of, 1991–2027
Source: International Labour Organization.
Analysis
Venezuela, Bolivarian Republic of recorded 5.73 for unemployment rate (ilo modelled estimates) in 2027.
The figure is up 1.0% on the previous year and up 13.6% over ten years.
Over the whole period, unemployment rate (ilo modelled estimates) in Venezuela, Bolivarian Republic of peaked at 16.78 in 2003 and was at its lowest, 5.04, in 2017.
Venezuela, Bolivarian Republic of ranks 81st of 188 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 37 years of available data.
Unemployment rate (ILO modelled estimates) in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 9.45 | — |
| 1992 | 7.69 | -18.6% |
| 1993 | 6.6 | -14.2% |
| 1994 | 8.56 | +29.7% |
| 1995 | 10.24 | +19.6% |
| 1996 | 11.77 | +14.9% |
| 1997 | 11.16 | -5.2% |
| 1998 | 11.15 | -0.1% |
| 1999 | 14.53 | +30.3% |
| 2000 | 13.99 | -3.7% |
| 2001 | 13.04 | -6.8% |
| 2002 | 16.17 | +24.0% |
| 2003 | 16.78 | +3.8% |
| 2004 | 15.07 | -10.2% |
| 2005 | 10.66 | -29.2% |
| 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% |
| 2013 | 7.54 | +14.2% |
| 2014 | 6.82 | -9.5% |
| 2015 | 6.14 | -10.0% |
| 2016 | 5.32 | -13.4% |
| 2017 | 5.04 | -5.2% |
| 2018 | 5.47 | +8.4% |
| 2019 | 5.89 | +7.7% |
| 2020 | 7.53 | +27.8% |
| 2021 | 7.03 | -6.7% |
| 2022 | 5.65 | -19.7% |
| 2023 | 5.41 | -4.2% |
| 2024 | 5.32 | -1.6% |
| 2025 | 5.31 | -0.3% |
| 2026 | 5.67 | +6.9% |
| 2027 | 5.73 | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.13 | 6.6 | 14.53 | 9 |
| 2000s | 11.39 | 6.1 | 16.78 | 10 |
| 2010s | 6.28 | 5.04 | 7.54 | 10 |
| 2020s | 5.96 | 5.31 | 7.53 | 8 |
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)
- 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)
- Legislation on sexual harassment in employment 1 (1=yes; 0=no) (2023)
Frequently asked questions
- What is unemployment rate (ilo modelled estimates) in Venezuela, Bolivarian Republic of?
- Unemployment rate (ilo modelled estimates) in Venezuela, Bolivarian Republic of was 5.73 in 2027, according to International Labour Organization.
- What is the highest unemployment rate (ilo modelled estimates) recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 16.78 in 2003.
- What is the lowest unemployment rate (ilo modelled estimates) recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 5.04 in 2017.
- How does Venezuela, Bolivarian Republic of rank for unemployment rate (ilo modelled estimates)?
- Venezuela, Bolivarian Republic of ranks 81st out of 188 countries with data for 2027.
- Is unemployment rate (ilo modelled estimates) rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 13.6%. 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 Unemployment rate (ILO modelled estimates) (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 37 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. 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 ILO Modelled Estimates (ILOEST) database description.