Unemployment rate,Percent in Venezuela
Venezuela: Unemployment rate,Percent was 6.9% in 2018. ▼ Falling
Latest (2018)
6.9%
Change on year
down 3.8%
World rank
21st
of 71 countries
All-time high
18.1%
in 2003
All-time low
6.8%
in 2015
Years of data
20
1999–2018
Unemployment rate,Percent in Venezuela, 1999–2018
Source: World Bank.
Analysis
The most recent figure for unemployment rate,percent in Venezuela is 6.9%, measured in 2018.
That represents a change of down 3.8% on the previous year and down 5.9% over ten years.
Over the whole period, unemployment rate,percent in Venezuela peaked at 18.1% in 2003 and was at its lowest, 6.8%, in 2015.
Venezuela ranks 21st of 71 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Unemployment rate,Percent in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 14.5% | — |
| 2000 | 14.0% | -3.6% |
| 2001 | 13.4% | -4.5% |
| 2002 | 16.2% | +21.6% |
| 2003 | 18.1% | +11.4% |
| 2004 | 15.0% | -17.0% |
| 2005 | 12.2% | -18.7% |
| 2006 | 9.9% | -18.5% |
| 2007 | 8.5% | -15.0% |
| 2008 | 7.3% | -13.2% |
| 2009 | 7.9% | +7.6% |
| 2010 | 8.5% | +7.8% |
| 2011 | 8.2% | -3.9% |
| 2012 | 7.8% | -4.7% |
| 2013 | 7.5% | -3.6% |
| 2014 | 6.9% | -7.9% |
| 2015 | 6.8% | -1.6% |
| 2016 | 7.3% | +7.0% |
| 2017 | 7.2% | -1.4% |
| 2018 | 6.9% | -3.8% |
Venezuela compared with similar countries
- Venezuela's 6.9% is above the median for lower middle income countries, which is 6.9%, 1.0× the median. (6 countries reporting)
- Venezuela's 6.9% is above the median for Latin America & Caribbean, which is 6.4%, 1.1× the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.5% | 14.5% | 14.5% | 1 |
| 2000s | 12.2% | 7.3% | 18.1% | 10 |
| 2010s | 7.5% | 6.8% | 8.5% | 9 |
Countries ranked near Venezuela
More reference data data for Venezuela
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.29 (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) - Manure applied to Soils 1.34 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2667 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Crop Residues 384.74 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied 1,190 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - IPCC Agriculture 14,168 (2050)
- Emission Totals - Direct emissions (N2O) - Manure left on Pasture 31.16 (2050)
- Emission Totals - Emissions (N2O) - Agricultural Soils 51.45 (2050)
Frequently asked questions
- What is unemployment rate,percent in Venezuela?
- Unemployment rate,percent in Venezuela was 6.9% in 2018, according to the World Bank.
- What is the highest unemployment rate,percent recorded in Venezuela?
- The highest recorded value was 18.1% in 2003.
- What is the lowest unemployment rate,percent recorded in Venezuela?
- The lowest recorded value was 6.8% in 2015.
- How does Venezuela rank for unemployment rate,percent?
- Venezuela ranks 21st out of 71 countries with data for 2018.
- Is unemployment rate,percent rising or falling in Venezuela?
- Over the last ten years it is down 5.9%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from the World Bank, published as part of Unemployment rate,Percent,,,. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).