Unemployment rate young vs older adults in Venezuela
Venezuela: Unemployment rate young vs older adults was 10.16 in 2024. ▼ Falling
Unemployment rate young vs older adults in Venezuela, 1991–2024
Source: Our World in Data.
Analysis
Venezuela recorded 10.16 for unemployment rate young vs older adults in 2024. That is the lowest value across all 34 years on record.
Compared with earlier readings it is down 1.1% on the previous year and down 31.2% over ten years.
Over the whole period, unemployment rate young vs older adults in Venezuela peaked at 27.91 in 2003 and was at its lowest, 10.16, in 2024.
That places Venezuela 116th out of 188 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 34 years of available data.
Unemployment rate young vs older adults in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 15.59 | — |
| 1992 | 12.88 | -17.3% |
| 1993 | 11.02 | -14.5% |
| 1994 | 14.22 | +29.0% |
| 1995 | 17.04 | +19.9% |
| 1996 | 19.62 | +15.1% |
| 1997 | 18.81 | -4.1% |
| 1998 | 18.76 | -0.3% |
| 1999 | 24.33 | +29.7% |
| 2000 | 23.4 | -3.8% |
| 2001 | 21.94 | -6.2% |
| 2002 | 27.19 | +23.9% |
| 2003 | 27.91 | +2.7% |
| 2004 | 25.27 | -9.5% |
| 2005 | 18.25 | -27.8% |
| 2006 | 15.36 | -15.8% |
| 2007 | 13.57 | -11.6% |
| 2008 | 12.35 | -9.0% |
| 2009 | 12.13 | -1.8% |
| 2010 | 14.18 | +16.9% |
| 2011 | 14.05 | -0.9% |
| 2012 | 14.09 | +0.3% |
| 2013 | 16.22 | +15.2% |
| 2014 | 14.77 | -9.0% |
| 2015 | 13.33 | -9.7% |
| 2016 | 11.68 | -12.4% |
| 2017 | 12.25 | +4.9% |
| 2018 | 12.03 | -1.7% |
| 2019 | 11.77 | -2.2% |
| 2020 | 13.61 | +15.6% |
| 2021 | 12.94 | -4.9% |
| 2022 | 10.58 | -18.3% |
| 2023 | 10.27 | -2.9% |
| 2024 | 10.16 | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.92 | 11.02 | 24.33 | 9 |
| 2000s | 19.74 | 12.13 | 27.91 | 10 |
| 2010s | 13.44 | 11.68 | 16.22 | 10 |
| 2020s | 11.51 | 10.16 | 13.61 | 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)
- 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 (2023)
- Criminal penalties or civil remedies sexual harassment in employment 1 (2023)
- Women can take the same jobs as men 1 (2023)
- Labor force participation rate, total (% of total population ages 15+) 51.9% (2025)
Frequently asked questions
- What is unemployment rate young vs older adults in Venezuela?
- Unemployment rate young vs older adults in Venezuela was 10.16 in 2024, according to Our World in Data.
- What is the highest unemployment rate young vs older adults recorded in Venezuela?
- The highest recorded value was 27.91 in 2003.
- What is the lowest unemployment rate young vs older adults recorded in Venezuela?
- The lowest recorded value was 10.16 in 2024.
- How does Venezuela rank for unemployment rate young vs older adults?
- Venezuela ranks 116th out of 188 countries with data for 2024.
- Is unemployment rate young vs older adults rising or falling in Venezuela?
- Over the last ten years it is down 31.2%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Our World in Data, published as part of Unemployment rate young vs older adults. Statizoid updates them automatically from the source API.
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