Unemployment Rate rose to 8.36% in Venezuela in 2018

Unemployment Rate (%)
Labour | Venezuela | May 18, 2019
$2.99
Excel Sheet

Unemployment Rate reached 8.36 % in 2018 in Venezuela. This is 12.7 % more than in the previous year.

Historically, Unemployment Rate in Venezuela reached an all time high of 16.8 % in 2003 and an all time low of 5.43 % in 1980. When compared to Venezuela's main peers, Unemployment Rate in Brazil amounted to 12.5 %, 9.09 % in Colombia, 12.2 % in Guyana and 2.83 % in Trinidad and Tobago in 2018.

Venezuela has been ranked 51st within the group of 177 countries we follow in terms of Unemployment Rate, 24 places above the position seen 10 years ago.

Unemployment refers to the share of the labour force that is without work but available for and seeking employment.

Unemployment Rate Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Bolivia % 3.23% 3.26% 4.00% 4.00% 4.00%
Brazil % 12.8% 12.5% 10.7% 10.2% 9.80%
Colombia % 8.87% 9.09% 9.10% 9.00% 9.00%
Guyana % 12.1% 12.2% ... ... ... ... ...
Peru % 3.46% 2.84% 6.81% 6.72% 6.66%
Puerto Rico % 10.8% 11.4% 11.0% 11.2% 11.4%
Suriname % 7.60% 7.63% 7.85% 7.23% 6.70%
Trinidad and Tobago % 2.82% 2.83% 4.90% 4.82% 4.74%
Venezuela % 7.42% 8.36% 38.0% 39.8% 41.4%