Unemployment rate in Venezuela
Venezuela: Unemployment rate was 5.31 in 2025. ▼ Falling
Latest (2025)
5.31
Change on year
down 0.3%
World rank
90th
of 186 countries
All-time high
16.78
in 2003
All-time low
5.04
in 2017
Years of data
35
1991–2025
Unemployment rate in Venezuela, 1991–2025
Source: Our World in Data.
Analysis
The most recent figure for unemployment rate in Venezuela is 5.31, measured in 2025.
Compared with earlier readings it is down 0.3% on the previous year and down 13.6% over ten years.
Over the whole period, unemployment rate in Venezuela peaked at 16.78 in 2003 and was at its lowest, 5.04, in 2017.
Venezuela ranks 90th of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
Unemployment rate in Venezuela, 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% |
Venezuela compared with similar countries
- Venezuela's 5.31 is above the median for lower middle income countries, which is 5.06, 1.0× the median. (46 countries reporting)
- Venezuela's 5.31 is below the median for Latin America & Caribbean, which is 5.99, 89% of the median. (31 countries reporting)
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 | 6.04 | 5.31 | 7.53 | 6 |
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 in Venezuela?
- Unemployment rate in Venezuela was 5.31 in 2025, according to Our World in Data.
- What is the highest unemployment rate recorded in Venezuela?
- The highest recorded value was 16.78 in 2003.
- What is the lowest unemployment rate recorded in Venezuela?
- The lowest recorded value was 5.04 in 2017.
- How does Venezuela rank for unemployment rate?
- Venezuela ranks 90th out of 186 countries with data for 2025.
- Is unemployment rate rising or falling in Venezuela?
- Over the last ten years it is down 13.6%. 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (Our World in Data).