Unemployment, youth total (% of total labor force ages 15-24) in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Unemployment, youth total (% of total labor force ages 15-24) was 13.6% in 2020. ▼ Falling
Unemployment, youth total (% of total labor force ages 15-24) in Venezuela, Bolivarian Republic of, 1990–2020
Source: Labour Force Statistics database (LFS), International Labour Organization (ILO).
Analysis
In 2020, unemployment, youth total (% of total labor force ages 15-24) in Venezuela, Bolivarian Republic of stood at 13.6%.
Compared with earlier readings it is up 13.2% on the previous year and down 4.0% over ten years.
Over the whole period, unemployment, youth total (% of total labor force ages 15-24) in Venezuela, Bolivarian Republic of peaked at 22.5% in 1990 and was at its lowest, 11.7%, in 2016.
That places Venezuela, Bolivarian Republic of 82nd out of 160 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 total (% of total labor force ages 15-24) in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 22.5% | — |
| 2001 | 16.2% | -27.8% |
| 2005 | 18.2% | +12.6% |
| 2006 | 15.4% | -15.7% |
| 2007 | 13.6% | -11.6% |
| 2008 | 12.4% | -8.9% |
| 2009 | 12.2% | -1.8% |
| 2010 | 14.2% | +16.9% |
| 2011 | 14.1% | -0.8% |
| 2012 | 14.2% | +0.4% |
| 2016 | 11.7% | -17.0% |
| 2017 | 12.1% | +2.6% |
| 2020 | 13.6% | +13.2% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 13.6% is above the median for lower middle income countries, which is 9.0%, 1.5× the median. (32 countries reporting)
- Venezuela, Bolivarian Republic of's 13.6% is below the median for Latin America & Caribbean, which is 15.1%, 91% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.5% | 22.5% | 22.5% | 1 |
| 2000s | 14.7% | 12.2% | 18.2% | 6 |
| 2010s | 13.3% | 11.7% | 14.2% | 5 |
| 2020s | 13.6% | 13.6% | 13.6% | 1 |
Countries ranked near Venezuela, Bolivarian Republic of
More work & labour data for Venezuela, Bolivarian Republic of
- 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 total (% of total labor force ages 15-24) in Venezuela, Bolivarian Republic of?
- Unemployment, youth total (% of total labor force ages 15-24) in Venezuela, Bolivarian Republic of was 13.6% in 2020, according to Labour Force Statistics database (LFS), International Labour Organization (ILO).
- What is the highest unemployment, youth total (% of total labor force ages 15-24) recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 22.5% in 1990.
- What is the lowest unemployment, youth total (% of total labor force ages 15-24) recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 11.7% in 2016.
- How does Venezuela, Bolivarian Republic of rank for unemployment, youth total (% of total labor force ages 15-24)?
- Venezuela, Bolivarian Republic of ranks 82nd out of 160 countries with data for 2020.
- Is unemployment, youth total (% of total labor force ages 15-24) rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 4.0%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Labour Force Statistics database (LFS), International Labour Organization (ILO), published as part of Unemployment, youth total (% of total 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.