Unemployment, youth male (% of male labor force ages 15-24) in Venezuela
Venezuela: Unemployment, youth male (% of male labor force ages 15-24) was 11.7% in 2020. ▼ Falling
Unemployment, youth male (% of male labor force ages 15-24) in Venezuela, 1990–2020
Source: Labour Force Statistics database (LFS), International Labour Organization (ILO).
Analysis
The most recent figure for unemployment, youth male (% of male labor force ages 15-24) in Venezuela is 11.7%, measured in 2020.
The figure is up 11.5% on the previous year and down 11.4% over ten years.
Over the whole period, unemployment, youth male (% of male labor force ages 15-24) in Venezuela peaked at 20.9% in 1990 and was at its lowest, 10.4%, in 2016.
That places Venezuela 86th out of 157 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 13 years of available data.
Unemployment, youth male (% of male labor force ages 15-24) in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 20.9% | — |
| 2001 | 17.3% | -17.5% |
| 2005 | 16.4% | -5.1% |
| 2006 | 13.5% | -17.9% |
| 2007 | 12.3% | -8.2% |
| 2008 | 11.6% | -6.1% |
| 2009 | 11.5% | -0.9% |
| 2010 | 13.2% | +15.2% |
| 2011 | 12.8% | -3.5% |
| 2012 | 12.1% | -5.4% |
| 2016 | 10.4% | -14.2% |
| 2017 | 10.5% | +1.5% |
| 2020 | 11.7% | +11.5% |
Venezuela compared with similar countries
- Venezuela's 11.7% is above the median for lower middle income countries, which is 8.6%, 1.4× the median. (32 countries reporting)
- Venezuela's 11.7% is below the median for Latin America & Caribbean, which is 12.7%, 92% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.9% | 20.9% | 20.9% | 1 |
| 2000s | 13.8% | 11.5% | 17.3% | 6 |
| 2010s | 11.8% | 10.4% | 13.2% | 5 |
| 2020s | 11.7% | 11.7% | 11.7% | 1 |
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, youth male (% of male labor force ages 15-24) in Venezuela?
- Unemployment, youth male (% of male labor force ages 15-24) in Venezuela was 11.7% in 2020, according to Labour Force Statistics database (LFS), International Labour Organization (ILO).
- What is the highest unemployment, youth male (% of male labor force ages 15-24) recorded in Venezuela?
- The highest recorded value was 20.9% in 1990.
- What is the lowest unemployment, youth male (% of male labor force ages 15-24) recorded in Venezuela?
- The lowest recorded value was 10.4% in 2016.
- How does Venezuela rank for unemployment, youth male (% of male labor force ages 15-24)?
- Venezuela ranks 86th out of 157 countries with data for 2020.
- Is unemployment, youth male (% of male labor force ages 15-24) rising or falling in Venezuela?
- Over the last ten years it is down 11.4%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Labour Force Statistics database (LFS), International Labour Organization (ILO), published as part of Unemployment, youth male (% of male labor force ages 15-24) (national estimate). Statizoid updates them automatically from the source API.
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About this data
Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment. Definitions of labor force and unemployment differ by country.