Unemployment with basic education (% of total labor force with basic) in Venezuela
Venezuela: Unemployment with basic education (% of total labor force with basic) was 3.9% in 2017. ▼ Falling
Unemployment with basic education in Venezuela, 2005–2017
Source: Education and Mismatch Indicators database (EMI), International Labour Organization (ILO). Measured in % of total labor force with basic education.
Analysis
The most recent figure for unemployment with basic education in Venezuela is 3.9%, measured in 2017. That is the lowest value across all 10 years on record.
That represents a change of down 15.6% on the previous year and down 45.4% over ten years.
Over the whole period, unemployment with basic education in Venezuela peaked at 11.0% in 2005 and was at its lowest, 3.9%, in 2017.
Venezuela ranks 91st 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 basic education (% of total labor force with basic) in Venezuela, year by year
| Year | % of total labor force with basic education | Change |
|---|---|---|
| 2005 | 11.0% | — |
| 2006 | 8.7% | -20.3% |
| 2007 | 7.2% | -17.5% |
| 2008 | 6.1% | -15.1% |
| 2009 | 6.0% | -2.7% |
| 2010 | 6.8% | +14.3% |
| 2011 | 6.3% | -6.9% |
| 2012 | 6.1% | -4.1% |
| 2016 | 4.7% | -23.2% |
| 2017 | 3.9% | -15.6% |
Venezuela compared with similar countries
- Venezuela's 3.9% is above the median for lower middle income countries, which is 3.5%, 1.1× the median. (26 countries reporting)
- Venezuela's 3.9% is below the median for Latin America & Caribbean, which is 5.1%, 78% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.8% | 6.0% | 11.0% | 5 |
| 2010s | 5.6% | 3.9% | 6.8% | 5 |
Countries ranked near Venezuela
- 88 Trinidad and Tobago 4.1% compare
- 89 San Marino 4.1% compare
- 90 Seychelles 4.0%
- 92 Kenya 3.8% compare
- 93 Zambia 3.6%
- 94 Fiji 3.6% compare
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 basic education in Venezuela?
- Unemployment with basic education in Venezuela was 3.9% in 2017, according to Education and Mismatch Indicators database (EMI), International Labour Organization (ILO).
- What is the highest unemployment with basic education recorded in Venezuela?
- The highest recorded value was 11.0% in 2005.
- What is the lowest unemployment with basic education recorded in Venezuela?
- The lowest recorded value was 3.9% in 2017.
- How does Venezuela rank for unemployment with basic education?
- Venezuela ranks 91st out of 130 countries with data for 2017.
- Is unemployment with basic education rising or falling in Venezuela?
- Over the last ten years it is down 45.4%. 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 basic education (% of total labor force with basic education). Statizoid updates them automatically from the source API.
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About this data
The percentage of the labor force with a basic level of education who are unemployed. Basic education comprises primary education or lower secondary education according to the International Standard Classification of Education 2011 (ISCED 2011).