Venezuela: Unemployment rate forecast

The latest value from 2018 is 35.55 percent, an increase from 27.89 percent in 2017. In comparison, the world average is 7.85 percent, based on data from 112 countries. Historically, the average for Venezuela from 1999 to 2018 is 13.69 percent. The minimum value, 7.35 percent, was reached in 2008 while the maximum of 35.55 percent was recorded in 2018. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: The unemployment rate is the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). The series includes actual historical values for past years and forecast values for the current and the next few years.