Unemployment Rate in Venezuela remained unchanged at 5.50 percent in 2024 from 5.50 percent in 2023. This dataset provides - Venezuela Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the unemployment rate in Venezuela amounted to 5.48 percent. Between 1991 and 2024, the figure dropped by 3.97 percentage points, though the decline followed an uneven course rather than a steady trajectory.

Key information about Venezuela Unemployment Rate

• Venezuela Unemployment Rate dropped to 6.35% in Dec 2018, from the previously reported figure of 7.34% in Nov 2018.
• Venezuela Unemployment Rate is updated monthly, available from Jan 1999 to Dec 2018, with an average rate of 8.42%.
• The data reached an all-time high of 20.70% in Feb 2003 and a record low of 5.53% in Dec 2014.
• The data is reported by reported by National Institute of Statistics.
• In the latest reports, Venezuela Population reached 34.09 million people in Jun 2024.

In 2024, the youth unemployment rate in Venezuela amounted to 10.55 percent. Between 1991 and 2024, the figure dropped by 4.95 percentage points, though the decline followed an uneven course rather than a steady trajectory.

Graph and download economic data for Youth Unemployment Rate for the Bolivarian Republic of Venezuela (SLUEM1524ZSVEN) from 1991 to 2024 about Venezuela, 15 to 24 years, unemployment, and rate.

Unemployment, total (% of total labor force) (modeled ILO estimate) in Venezuela was reported at 5.475 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Unemployment, total - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Venezuela VE: Unemployment Rate: % Change over Previous Period data was reported at 3.458 % in Apr 2016. This records an increase from the previous number of -2.624 % for Mar 2016. Venezuela VE: Unemployment Rate: % Change over Previous Period data is updated monthly, averaging -2.313 % from Feb 1999 (Median) to Apr 2016, with 204 observations. The data reached an all-time high of 69.779 % in Jan 2014 and a record low of -25.264 % in Feb 2008. Venezuela VE: Unemployment Rate: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Venezuela – Table VE.IMF.IFS: Labour Force, Employment and Unemployment.

Venezuela VE: Unemployment: % Change over Previous Period data was reported at 20.843 % in Mar 2016. This records an increase from the previous number of -10.089 % for Dec 2015. Venezuela VE: Unemployment: % Change over Previous Period data is updated quarterly, averaging -2.506 % from Jun 1999 (Median) to Mar 2016, with 65 observations. The data reached an all-time high of 32.578 % in Mar 2002 and a record low of -22.452 % in Dec 2007. Venezuela VE: Unemployment: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Venezuela – Table VE.IMF.IFS: Labour Force, Employment and Unemployment: Quarterly.

Historical dataset showing Venezuela unemployment rate by year from 1991 to 2024.

Venezuela: Unemployment rate for males: The latest value from 2023 is 5.24 percent, a decline from 5.46 percent in 2022. In comparison, the world average is 6.42 percent, based on data from 178 countries. Historically, the average for Venezuela from 1991 to 2023 is 8.33 percent. The minimum value, 4.52 percent, was reached in 2017 while the maximum of 14.57 percent was recorded in 2003.

The unemployment rate in Venezuela stands at 6.4 percent according to the latest data from . That reading shows a decrease from the level of 7.3 percent in the previous month and an increase from the level of 6.1 percent in the same month of the previous year. The unemployment rate data in...

Venezuela VE: Unemployment Rate: % Change data was reported at 4.041 % in Apr 2016. This records a decrease from the previous number of 13.901 % for Mar 2016. Venezuela VE: Unemployment Rate: % Change data is updated monthly, averaging -4.671 % from Jan 2000 (Median) to Apr 2016, with 192 observations. The data reached an all-time high of 38.000 % in Feb 2003 and a record low of -29.665 % in Feb 2008. Venezuela VE: Unemployment Rate: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Venezuela – Table VE.IMF.IFS: Labour Force, Employment and Unemployment.

Historical dataset showing Venezuela youth unemployment rate by year from 1991 to 2024.

Youth Unemployment Rate for the Bolivarian Republic of Venezuela was 10.55% in January of 2024, according to the United States Federal Reserve. Historically, Youth Unemployment Rate for the Bolivarian Republic of Venezuela reached a record high of 27.72 in January of 2003 and a record low of 10.41 in January of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for Youth Unemployment Rate for the Bolivarian Republic of Venezuela - last updated from the United States Federal Reserve on September of 2025.

Venezuela VE: Unemployment Rate: % Change over Previous Period data was reported at -1.911 % in 2015. This records an increase from the previous number of -7.847 % for 2014. Venezuela VE: Unemployment Rate: % Change over Previous Period data is updated yearly, averaging -3.665 % from Dec 1986 (Median) to 2015, with 30 observations. The data reached an all-time high of 35.616 % in 1989 and a record low of -20.652 % in 1988. Venezuela VE: Unemployment Rate: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Venezuela – Table VE.IMF.IFS: Labour Force, Employment and Unemployment: Annual.

Unemployment, total (% of total labor force) (national estimate) in Venezuela was reported at 7.53 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Unemployment, total (national estimate) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Unemployment with advanced education (% of total labor force with advanced education) in Venezuela was reported at 5.76 % in 2017, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Unemployment with advanced education (% of total unemployment) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Unemployment, youth total (% of total labor force ages 15-24) (national estimate) in Venezuela was reported at 13.65 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Unemployment, youth total (% of total labor force ages 15-24) (national estimate) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Unemployment Rate data was reported at 6.909 % in 2018. This records a decrease from the previous number of 7.184 % for 2017. Unemployment Rate data is updated yearly, averaging 8.319 % from Dec 1999 (Median) to 2018, with 20 observations. The data reached an all-time high of 18.074 % in 2003 and a record low of 6.810 % in 2015. Unemployment Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.GEM: Unemployment Rate: Annual.

Venezuela: Unemployment rate: Pour cet indicateur, La Banque mondiale fournit des données pour la Venezuela de 1991 à 2024. La valeur moyenne pour Venezuela pendant cette période était de 8.8 pour cent avec un minimum de 5.05 pour cent en 2017 et un maximum de 16.78 pour cent en 2003.