Flag of ve

Venezuela Annual Unemployment Rate

Venezuela's annual unemployment rate fell to 5.47% in 2024, down from 5.48% in 2023, according to World Bank. This represents a decrease of 0.01% from the previous year. Venezuela has annual unemployment rate higher than the global median (5.47% vs median 5.23%). Compared with the median in Americas, Venezuela is lower (5.47% vs regional median 6.45%) and ranks 20th out of 33 countries in Americas.

Yearly Historical Data (1991-2024)

(in %)
Year Annual Unemployment Rate (%)
2024 5.47%
2023 5.48%
2022 5.71%
2021 7.04%
2020 7.53%
2019 5.88%
2018 5.46%
2017 5.04%
2016 5.32%
2015 6.14%
2014 6.82%
2013 7.54%
2012 6.6%
2011 6.9%
2010 7.11%
2009 6.1%
2008 6.24%
2007 7.28%
2006 8.61%
2005 10.66%
2004 15.07%
2003 16.78%
2002 16.17%
2001 13.04%
2000 13.99%
1999 14.53%
1998 11.15%
1997 11.16%
1996 11.77%
1995 10.24%
1994 8.56%
1993 6.6%
1992 7.69%
1991 9.45%
Venezuela Annual Unemployment Rate : Definition
Annual Unemployment Rate measures the percentage of Venezuela's labor force that is looking for work but does not have a job.
Indicator Last Value Prior Value Period
Female Labor Force Rate 37.69% 38.02% 2024