Unemployment rates: modeled vs. national estimates in Venezuela
Venezuela: Unemployment rates: modeled vs. national estimates was 7.5% in 2020. ▼ Falling
Unemployment rates: modeled vs. national estimates in Venezuela, 1975–2020
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 Venezuela is 7.5%, measured in 2020.
That represents a change of up 49.2% on the previous year and up 5.8% over ten years.
Over the whole period, unemployment rates: modeled vs. national estimates in Venezuela peaked at 16.8% in 2003 and was at its lowest, 5.0%, in 1978.
That places Venezuela 58th out of 185 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 32 years of available data.
Unemployment rates: modeled vs. national estimates in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1975 | 7.0% | — |
| 1976 | 6.3% | -9.6% |
| 1977 | 5.1% | -19.5% |
| 1978 | 5.0% | -2.5% |
| 1979 | 5.8% | +16.7% |
| 1980 | 5.9% | +1.4% |
| 1981 | 7.0% | +18.8% |
| 1982 | 8.1% | +15.1% |
| 1983 | 11.5% | +42.6% |
| 1984 | 12.9% | +11.9% |
| 1985 | 13.2% | +2.3% |
| 1986 | 10.9% | -16.9% |
| 1987 | 9.1% | -16.7% |
| 1988 | 7.3% | -20.0% |
| 1989 | 9.7% | +33.9% |
| 1990 | 14.0% | +43.3% |
| 1994 | 8.6% | -38.7% |
| 1995 | 10.2% | +19.6% |
| 2001 | 8.8% | -13.7% |
| 2002 | 16.2% | +83.1% |
| 2003 | 16.8% | +3.8% |
| 2005 | 10.7% | -36.5% |
| 2006 | 8.6% | -19.3% |
| 2007 | 7.3% | -15.4% |
| 2008 | 6.2% | -14.2% |
| 2009 | 6.1% | -2.4% |
| 2010 | 7.1% | +16.6% |
| 2011 | 6.9% | -3.0% |
| 2012 | 6.6% | -4.4% |
| 2016 | 5.3% | -19.4% |
| 2017 | 5.0% | -5.2% |
| 2020 | 7.5% | +49.2% |
Venezuela compared with similar countries
- Venezuela's 7.5% is above the median for lower middle income countries, which is 5.0%, 1.5× the median. (42 countries reporting)
- Venezuela's 7.5% is above the median for Latin America & Caribbean, which is 6.3%, 1.2× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.9% | 5.0% | 7.0% | 5 |
| 1980s | 9.5% | 5.9% | 13.2% | 10 |
| 1990s | 10.9% | 8.6% | 14.0% | 3 |
| 2000s | 10.1% | 6.1% | 16.8% | 8 |
| 2010s | 6.2% | 5.0% | 7.1% | 5 |
| 2020s | 7.5% | 7.5% | 7.5% | 1 |
Countries ranked near Venezuela
More reference data data for Venezuela
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.34 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 6.85 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 10.29 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2667 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.29 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 4.49 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.91 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 38.02 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 53.46 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.45 (2050)
Frequently asked questions
- What is unemployment rates: modeled vs. national estimates in Venezuela?
- Unemployment rates: modeled vs. national estimates in Venezuela was 7.5% in 2020, 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 Venezuela?
- The highest recorded value was 16.8% in 2003.
- What is the lowest unemployment rates: modeled vs. national estimates recorded in Venezuela?
- The lowest recorded value was 5.0% in 1978.
- How does Venezuela rank for unemployment rates: modeled vs. national estimates?
- Venezuela ranks 58th out of 185 countries with data for 2020.
- Is unemployment rates: modeled vs. national estimates rising or falling in Venezuela?
- Over the last ten years it is up 5.8%. The long-run trend across the full record is falling.
- Where does this Venezuela 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.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
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.