Venezuela: Youth unemployment

The latest value from 2023 is 11.66 percent, an increase from 10.98 percent in 2022. In comparison, the world average is 16.02 percent, based on data from 178 countries. Historically, the average for Venezuela from 1991 to 2023 is 16.17 percent. The minimum value, 10.92 percent, was reached in 1993 while the maximum of 28.09 percent was recorded in 2003. See the global rankings for that indicator or use the country comparator to compare trends over time.

We present the rate of youth unemployment for Venezuela and other countries. Youth unemployment is the percent of 15-24 year olds who are part of the labor force but are unemployed. Recall that the labor force includes the employed and the unemployed people.

Definition: Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment.