Venezuela: Youth unemployment

The latest value from 2024 is 10.55 percent, an increase from 10.41 percent in 2023. In comparison, the world average is 15.70 percent, based on data from 176 countries. Historically, the average for Venezuela from 1991 to 2024 is 15.92 percent. The minimum value, 10.41 percent, was reached in 2023 while the maximum of 27.86 percent was recorded in 2003. See the global rankings or world map 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.