Venezuela: Unemployment rate
* indicates monthly or quarterly data series
The most recent value is 6.4 percent as of December 2018, a decline compared to the previous value of 7.3 percent. Historically, the average for Venezuela from February 2003 to December 2018 is 9.11 percent. The minimum of 5.5 percent was recorded in December 2014, while the maximum of 20.7 percent was reached in February 2003.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: National Institute of Statistics of Venezuela
| Recent values | Venezuela: Unemployment rate, percent |
|---|---|
| 2018 Dec | 6.4 |
| 2018 Nov | 7.3 |
| 2018 Oct | 6.8 |
| 2018 Sep | 6.7 |
| 2018 Aug | 6.6 |
| 2018 Jul | 6.7 |
| 2018 Jun | 6.6 |
| 2018 May | 6.8 |
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Definition: The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Labor force | 11.55 | 2023 | million people |
| Unemployment rate | 5.53 | 2023 | percent |
| Female unemployment | 6.03 | 2023 | percent |
| Male unemployment | 5.24 | 2023 | percent |
| Youth unemployment | 10.77 | 2023 | percent |
| Labor force participation | 54.66 | 2023 | percent |
| Labor force: percent female | 36.85 | 2023 | percent |
| Female labor force participation | 39.30 | 2023 | percent |
| Male labor force participation | 70.81 | 2023 | percent |
| Self-employment | 40.15 | 2022 | percent |
| Employment | 15.01 | 12/2018 | million employed people |
| Unemployment rate | 6.40 | 12/2018 | percent |