Overview
Discussions Key data points
Last release
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Observation period
2023
Next release
—
Forecast
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Highest
20.70 % on Feb 28, 2003
Lowest
5.30 % on Dec 31, 2022
About Venezuela unemployment rate
In Venezuela, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Frequently Asked Questions
To calculate Venezuela unemployment rate you need to take the number of the country residents without a job and looking for work divided by the total number of residents in the labor force.
The lowest ever Venezuela unemployment rate is 5.30%.
The highest figure Venezuela unemployment rate has ever reached is 20.70%.
In 2023 Venezuela unemployment rate was 5.90%, and the previous year it amounted to 5.30%.