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Venezuela unemployment rateVenezuela unemployment rateVenezuela unemployment rate

Venezuela unemployment rate

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Key data points


Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
20.70 % on Feb 28, 2003
Lowest
5.30 % on Dec 31, 2022

About Venezuela unemployment rate


Category
Labor
Source
National Institute of Statistics
Frequency
Annual
Units
%
In Venezuela, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Venezuela in figures — see more economic indicators tied to VEUR.
VEEMP
Employed Persons
VEEMR
Employment Rate
VEPOP
Population
VEUP
Unemployed Persons
VEUR
Unemployment Rate

Frequently Asked Questions


To calculate Venezuela unemployment rate you need to take the number of the country residents without a job and looking for work divided by the total number of residents in the labor force.
The lowest ever Venezuela unemployment rate is 5.30%.
The highest figure Venezuela unemployment rate has ever reached is 20.70%.
In 2023 Venezuela unemployment rate was 5.90%, and the year before it reached 5.30%.