Peru: Unemployment rate

* indicates monthly or quarterly data series
 Peru

Unemployment rate

 Latest value 3.85
 Year 2022
 Measure percent
 Data availability 1991 - 2022
 Average 4.37
 Min - Max 3.21 - 7.18
 Source The World Bank
For that indicator, we provide data for Peru from 1991 to 2022. The average value for Peru during that period was 4.37 percent with a minimum of 3.21 percent in 2014 and a maximum of 7.18 percent in 2020. The latest value from 2022 is 3.85 percent. For comparison, the world average in 2022 based on 179 countries is 7.25 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Peru - Unemployment rate - Recent values chart

Historical chart
Peru - Unemployment rate - historical chart - 1991-2022




The unemployment rate in Peru and other countries is defined as the number of unemployed people as percent of the labor force. The labor force includes the people who are either employed or unemployed, i.e. who don't have a job but are actively looking for one. The labor force does not include people who are not looking for work, children, and the retired.

The unemployment rate seldom declines below 4-5 percent even during boom times. There are always people who move between different sectors of the economy or between cities. When the economy goes into recession, then unemployment can reach much higher numbers, sometimes even in the double digits.
Definition: Unemployment refers to the share of the labor force that is without work but available for and seeking employment.


 Related indicators Latest value Reference Measure
 Labor force 18.16 2022 million people
 Unemployment rate 3.85 2022 percent
 Female unemployment 4.06 2022 percent
 Male unemployment 3.31 2022 percent
 Youth unemployment 7.86 2023 percent
 Labor force participation 72.58 2023 percent
 Labor force: percent female 46.75 2022 percent
 Female labor force participation 65.90 2023 percent
 Male labor force participation 79.52 2023 percent
 Self-employment 51.90 2022 percent
 Informal employment 70.10 2020 percent
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