Unemployment with advanced education (% of total labor force) in Venezuela
Venezuela: Unemployment with advanced education (% of total labor force) was 5.8% in 2017. ▼ Falling
Unemployment with advanced education in Venezuela, 2005–2017
Source: Education and Mismatch Indicators database (EMI), International Labour Organization (ILO). Measured in % of total labor force with advanced education.
Analysis
The most recent figure for unemployment with advanced education in Venezuela is 5.8%, measured in 2017.
The figure is up 0.3% on the previous year and down 28.2% over ten years.
Over the whole period, unemployment with advanced education in Venezuela peaked at 10.5% in 2005 and was at its lowest, 5.7%, in 2016.
Venezuela ranks 48th of 130 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 with advanced education (% of total labor force) in Venezuela, year by year
| Year | % of total labor force with advanced education | Change |
|---|---|---|
| 2005 | 10.5% | — |
| 2006 | 8.8% | -16.8% |
| 2007 | 8.0% | -8.5% |
| 2008 | 6.9% | -13.6% |
| 2009 | 6.8% | -1.3% |
| 2010 | 8.1% | +18.5% |
| 2011 | 8.5% | +5.3% |
| 2012 | 7.9% | -6.9% |
| 2016 | 5.7% | -27.7% |
| 2017 | 5.8% | +0.3% |
Venezuela compared with similar countries
- Venezuela's 5.8% is below the median for lower middle income countries, which is 9.1%, 63% of the median. (25 countries reporting)
- Venezuela's 5.8% is above the median for Latin America & Caribbean, which is 4.3%, 1.3× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.2% | 6.8% | 10.5% | 5 |
| 2010s | 7.2% | 5.7% | 8.5% | 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 with advanced education in Venezuela?
- Unemployment with advanced education in Venezuela was 5.8% in 2017, according to Education and Mismatch Indicators database (EMI), International Labour Organization (ILO).
- What is the highest unemployment with advanced education recorded in Venezuela?
- The highest recorded value was 10.5% in 2005.
- What is the lowest unemployment with advanced education recorded in Venezuela?
- The lowest recorded value was 5.7% in 2016.
- How does Venezuela rank for unemployment with advanced education?
- Venezuela ranks 48th out of 130 countries with data for 2017.
- Is unemployment with advanced education rising or falling in Venezuela?
- Over the last ten years it is down 28.2%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Education and Mismatch Indicators database (EMI), International Labour Organization (ILO), published as part of Unemployment with advanced education (% of total labor force with advanced education). Statizoid updates them automatically from the source API.
Download this data
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About this data
The percentage of the labor force with an advanced level of education who are unemployed. Advanced education comprises short-cycle tertiary education, a bachelor’s degree or equivalent education level, a master’s degree or equivalent education level, or doctoral degree or equivalent education level according to the International Standard Classification of Education 2011 (ISCED 2011).