Unemployment rates: modeled vs. national estimates in Bolivia

Bolivia: Unemployment rates: modeled vs. national estimates was 2.7% in 2024. ◆ Volatile

Latest (2024)
2.7%
Change on year
down 7.4%
World rank
152nd
of 185 countries
All-time high
20.3%
in 1987
All-time low
2.0%
in 2014
Years of data
50
1971–2024

Unemployment rates: modeled vs. national estimates in Bolivia, 1971–2024

05101520197119972024

Source: Labour Force Statistics, via World Bank (2026) – processed by Our World in Data. Measured in %.

Analysis

The most recent figure for unemployment rates: modeled vs. national estimates in Bolivia is 2.7%, measured in 2024.

The figure is down 7.4% on the previous year and up 35.1% over ten years.

Over the whole period, unemployment rates: modeled vs. national estimates in Bolivia peaked at 20.3% in 1987 and was at its lowest, 2.0%, in 2014.

That places Bolivia 152nd out of 185 countries with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Unemployment rates: modeled vs. national estimates in Bolivia, year by year

Annual values for Unemployment rates: modeled vs. national estimates in Bolivia, 1971 to 2024.
Year % Change
1971 9.0%
1972 8.1% -10.0%
1973 7.1% -12.3%
1974 6.1% -14.1%
1975 5.2% -14.8%
1976 5.3% +1.9%
1977 5.3% -0.1%
1978 5.5% +3.8%
1979 5.6% +1.8%
1981 5.1% -8.5%
1982 10.5% +104.9%
1983 14.2% +35.2%
1984 14.7% +3.3%
1985 19.3% +31.5%
1986 19.8% +2.5%
1987 20.3% +2.9%
1988 18.0% -11.4%
1989 10.1% -43.9%
1990 7.3% -27.8%
1991 5.9% -19.2%
1992 5.5% -6.5%
1993 6.0% +8.5%
1994 3.1% -48.6%
1995 3.7% +20.0%
1996 3.8% +2.9%
1997 3.7% -2.6%
1999 3.9% +6.1%
2000 4.8% +22.0%
2001 5.2% +9.4%
2002 5.5% +4.5%
2004 4.2% -23.9%
2005 5.4% +30.7%
2006 5.1% -6.7%
2007 5.2% +1.9%
2008 2.6% -49.7%
2009 3.0% +14.2%
2011 2.3% -24.2%
2012 2.1% -8.4%
2013 2.4% +18.0%
2014 2.0% -17.1%
2015 3.1% +53.9%
2016 3.5% +12.4%
2017 3.7% +4.5%
2018 3.5% -3.7%
2019 3.7% +4.6%
2020 7.9% +114.6%
2021 4.9% -37.5%
2022 3.5% -30.1%
2023 2.9% -14.6%
2024 2.7% -7.4%

Bolivia compared with similar countries

  • Bolivia's 2.7% is below the median for lower middle income countries, which is 5.0%, 54% of the median. (42 countries reporting)
  • Bolivia's 2.7% is below the median for Latin America & Caribbean, which is 6.3%, 43% of the median. (36 countries reporting)

Biggest year-on-year movements

Years where Unemployment rates: modeled vs. national estimates in Bolivia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2020 +114.6% 3.7% 7.9%

Averages by decade

DecadeAverage LowestHighest Years
1970s 6.4% 5.2% 9.0% 9
1980s 14.7% 5.1% 20.3% 9
1990s 4.8% 3.1% 7.3% 9
2000s 4.6% 2.6% 5.5% 9
2010s 2.9% 2.0% 3.7% 9
2020s 4.4% 2.7% 7.9% 5

Countries ranked near Bolivia

  1. 149 Czechia 2.8% compare
  2. 150 South Korea 2.8% compare
  3. 151 Kiribati 2.8% compare
  4. 153 El Salvador 2.7% compare
  5. 154 Papua New Guinea 2.7% compare
  6. 155 Isle of Man 2.7% compare

See the full ranking of 185 places →

More reference data data for Bolivia

All data for Bolivia →

Frequently asked questions

What is unemployment rates: modeled vs. national estimates in Bolivia?
Unemployment rates: modeled vs. national estimates in Bolivia was 2.7% in 2024, according to Labour Force Statistics, via World Bank (2026) – processed by Our World in Data.
What is the highest unemployment rates: modeled vs. national estimates recorded in Bolivia?
The highest recorded value was 20.3% in 1987.
What is the lowest unemployment rates: modeled vs. national estimates recorded in Bolivia?
The lowest recorded value was 2.0% in 2014.
How does Bolivia rank for unemployment rates: modeled vs. national estimates?
Bolivia ranks 152nd out of 185 countries with data for 2024.
Is unemployment rates: modeled vs. national estimates rising or falling in Bolivia?
Over the last ten years it is up 35.1%. The long-run trend across the full record is volatile.
Where does this Bolivia data come from?
The figures come from Labour Force Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Unemployment rates: modeled vs. national estimates. Statizoid updates them automatically from the source API.

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Unemployment rates: modeled vs. national estimates in Bolivia. Statizoid, drawing on Labour Force Statistics, via World Bank (2026) – processed by Our World in Data. Retrieved 22 September 2026, from https://reference.statizoid.com/stat/ilo-national-vs-modeled-data/bolivia/

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About this data

Indicator
Unemployment rates: modeled vs. national estimates
Unit
%
Source
Labour Force Statistics, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
185 places, 5,169 data points, 1960–2025
Last refreshed

Share of the labor force without work, but actively looking for a job and available to start soon. Figures refer to national estimates and may not be fully comparable across countries.