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.
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
- Spring temperature anomalies 0.7484 °C (2026)
- Summer temperature anomalies 0.717 °C (2026)
- Temperature anomalies by month 1.01 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.5589 °C (2025)
- Winter temperature anomalies 0.7491 °C (2025)
- Consumer price index 2,740 2010 = 100 (2016)
- Universal right to vote 2 (2025)
- Competitive elections 0 (2025)
- Men's universal right to vote 1 (2025)
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.