Bolivia Unemployment Rate
Bolivia's unemployment rate fell to an all-time low of 2.4% in Q2 2025. This is a decrease from 3.1% in Q1 2025. Strong export performance, especially in lithium carbonate which grew by 1,145% year-over-year to US$19.6 million by August 2025, supports this decline. Other key exports like minerals and natural gas also contribute to economic activity. The World Bank expects Bolivia's GDP growth to slow to 1.5% in 2025. Bolivia's record low unemployment rate was 2.4% in Q2 2025 and record high was 6.2% in Q1 2021.
Quarterly Historical Data (2015-2025)
(in %)Bolivia Unemployment Rate : Definition
The Bolivia unemployment rate represents the share of the labor force actively seeking work but not employed. The National Institute of Statistics calculates this rate by dividing the number of unemployed persons by the total labor force and expressing the result as a percentage.