Unemployment Rate in Venezuela increased to 5.90 percent in 2023 from 5.30 percent in 2022. This dataset provides - Venezuela Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The unemployment rate in Venezuela decreased by 0.2 percentage points (-3.48 percent) compared to the previous year. The unemployment rate of a country or region refers to the share of the total workforce that is currently without work, but actively searching for employment. It does not include economically inactive persons, such as children, retirees, or the long-term unemployed.Find more key insights for the unemployment rate in countries like Suriname and Guyana.

In 2023, the youth unemployment rate in Venezuela decreased by 0.3 percentage points (-2.7 percent) compared to 2022. Therefore, the youth unemployment rate in Venezuela saw its lowest number in that year with 10.77 percent. The youth unemployment rate of a country or region refers to the share of the total workforce aged 15 to 24 that is currently without work, but actively searching for employment. It does not include economically inactive persons such as full-time students or the long-term unemployed.Find more key insights for the youth unemployment rate in countries like Colombia and Guyana.

Venezuela VE: Unemployment: % Change over Previous Period data was reported at 3.426 % in Apr 2016. This records an increase from the previous number of -2.750 % for Mar 2016. Venezuela VE: Unemployment: % Change over Previous Period data is updated monthly, averaging -2.404 % from Feb 1999 (Median) to Apr 2016, with 204 observations. The data reached an all-time high of 69.163 % in Jan 2014 and a record low of -24.820 % in Feb 2008. 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.

Venezuela VE: Unemployment Rate data was reported at 6.817 % in 2015. This records a decrease from the previous number of 6.950 % for 2014. Venezuela VE: Unemployment Rate data is updated yearly, averaging 9.900 % from Dec 1985 (Median) to 2015, with 31 observations. The data reached an all-time high of 18.000 % in 2003 and a record low of 6.700 % in 1993. Venezuela VE: Unemployment Rate 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, male (% of male labor force) (modeled ILO estimate) in Venezuela was reported at 5.185 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Unemployment, male - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Venezuela Unemployment: Lay Off Rate data was reported at 6.542 % in Apr 2016. This records a decrease from the previous number of 6.608 % for Mar 2016. Venezuela Unemployment: Lay Off Rate data is updated monthly, averaging 8.158 % from Jan 1999 (Median) to Apr 2016, with 206 observations. The data reached an all-time high of 19.366 % in Feb 2003 and a record low of 4.871 % in Dec 2014. Venezuela Unemployment: Lay Off Rate data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Venezuela – Table VE.G004: Unemployment.

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 March of 2025.

Venezuela VE: Unemployment with Intermediate Education: Male: % of Male Labour Force data was reported at 7.600 % in 2012. This records a decrease from the previous number of 8.340 % for 2011. Venezuela VE: Unemployment with Intermediate Education: Male: % of Male Labour Force data is updated yearly, averaging 8.475 % from Dec 2009 (Median) to 2012, with 4 observations. The data reached an all-time high of 8.740 % in 2009 and a record low of 7.600 % in 2012. Venezuela VE: Unemployment with Intermediate Education: Male: % of Male Labour Force 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: Employment and Unemployment. The percentage of the labor force with an intermediate level of education who are unemployed. Intermediate education comprises upper secondary or post-secondary non tertiary education according to the International Standard Classification of Education 2011 (ISCED 2011).; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted Average;

In 2023, the unemployment rate in Colombia decreased by one percentage points (-9.48 percent) compared to 2022. Nevertheless, the last two years recorded a significantly higher unemployment rate than the preceding years.The unemployment rate of a country or region refers to the share of the total workforce that is currently without work, but actively searching for employment. It does not include economically inactive persons, such as children, retirees, or the long-term unemployed.Find more key insights for the unemployment rate in countries like Venezuela and Guyana.

Venezuela VE: Unemployment: Modeled ILO Estimate: Youth Male: % of Male Labour Force Aged 15-24 data was reported at 15.153 % in 2017. This records an increase from the previous number of 14.639 % for 2016. Venezuela VE: Unemployment: Modeled ILO Estimate: Youth Male: % of Male Labour Force Aged 15-24 data is updated yearly, averaging 15.123 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 28.869 % in 2003 and a record low of 11.079 % in 1993. Venezuela VE: Unemployment: Modeled ILO Estimate: Youth Male: % of Male Labour Force Aged 15-24 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: Employment and Unemployment. Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment.; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections. National estimates are also available in the WDI database. Caution should be used when comparing ILO estimates with national estimates.

The data come from a structured instrument applied to a population of 88 Venezue-lan migrants over 18 years of age who are entrepreneurs of productive units in the urban area of the municipality of Gramalote, Norte de Santander, Colombia. The population consulted for this study represents 45.36 per cent of the population registered by the mi-gration authority in this municipality (Immigration authorities report 194 immigrants registered as of 31 December 2020 (Colombia Migration 2020)). Geographically, the study sample is located in the municipality of Gramalote, Norte de Santander, Colombia, bordering Venezuela. In 2020, due to the fact that Norte de Santander was the department with the third highest unemployment rate in Colombia, registering 21% and a variation of 6.4 percentage points with respect to the previous year (Departamento Administrativo Nacional de Estadística [DANE] 2020), and due to the willingness of Venezuelan migrants to live in the country, it is important to know the entrepreneurial attributes established in the literature; factors to consider in the policies of the Colombian State in terms of education programmes and formalisation of the labour market. These data correspond to the research project "Towards a globalising view of the impact of the Venezuelan migration crisis", code: C2032170819, Universidad Simón Bolívar, Colombia.

Due to the recent hyperinflation crisis in Venezuela, the average inflation rate in Venezuela is estimated to be around 150 percent in 2025. However, this is well below the peak of 63,000 percent observed in 2018.What is hyperinflation?In short, hyperinflation is a very high inflation rate that accelerates quickly. It can be caused by a government printing huge amounts of new money to pay for its expenses. The subsequent rapid increase of prices causes the country’s currency to lose value and shortages in goods to occur. People then typically start hoarding goods, which become even more scarce and expensive, money becomes worthless, financial institutions go bankrupt, and eventually, the country’s economy collapses. The Venezuelan descent into hyperinflationIn Venezuela, the economic catastrophe began with government price controls and plummeting oil prices, which caused state-run oil companies to go bankrupt. The government then starting printing new money to cope, thus prices rose rapidly, unemployment increased, and GDP collapsed, all of which was exacerbated by international sanctions. Today, many Venezuelans are emigrating to find work and supplies elsewhere, and population growth is at a decade-low. Current president Nicolás Maduro does not seem inclined to steer away from his course of price controls and economic mismanagement, so the standard of living in the country is not expected to improve significantly anytime soon.

This dataset is about countries in Venezuela per year, featuring 4 columns: country, date, electricity production from renewable sources, excluding hydroelectric, and unemployment. The preview is ordered by date (descending).

The statistic shows the unemployment rate in Canada from 2019 to 2023, with projections up until 2029. In 2023, the unemployment rate in Canada was at around 5.41 percent. Canada’s economy Three-quarter of Canada’s workforce is employed in the services sector, with the other two sectors, agriculture and industry, accounting for the rest of Canada’s employment. The country’s main export and import partner is the United States. Although both export and import figures have increased over the last few years, the trade balance of goods in Canada – i.e. the value of Canada’s exports minus the value of its imports – has slumped dramatically since the economic crisis hit in 2008. In 2009, for the first time in a decade, Canada reported a trade deficit, and the figures are still struggling to recover. Additionally, Canada’s public debt has been increasing since the crisis. Although a few key figures are still not back to the usual level, Canada and its economy seem to have more or less bounced back from the crisis; as can be seen above, the unemployment rate is gradually decreasing, for example, and gross domestic product / GDP in Canada has been increasing steadily. Canada is thus among the countries with the largest proportion of global gross domestic product / GDP based on Purchasing Power Parity. Canada is among the leading trading nations worldwide, and an important part of its economy is the export of oil. The country hosts significant oil resources, in fact, its capacity is the third-largest after those of Saudi Arabia and Venezuela.

Venezuela Unemployment: Female data was reported at 452,277.000 Person in Dec 2018. This records a decrease from the previous number of 500,001.000 Person for Nov 2018. Venezuela Unemployment: Female data is updated monthly, averaging 499,346.500 Person from Jan 1999 (Median) to Dec 2018, with 238 observations. The data reached an all-time high of 1,155,058.000 Person in Jan 2004 and a record low of 320,484.000 Person in Nov 2007. Venezuela Unemployment: Female data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Venezuela – Table VE.G004: Unemployment.

In 2019, Venezuela’s estimated gross domestic product (GDP) per capita dropped to 2,624.41 U.S. dollars from 3,529.72 U.S. dollars the year before. the country's GDP has been on a continuous downswing for about a decade now - in 2010, it amounted to more than 11,000 U.S. dollars, and seemed to recover from a sudden slump again in 2016, before decreasing rapidly ever since. GDP per capita is a measurement of a country’s economic output that accounts for its number of people, thus making it a good measurement of a country’s standard of living.

A time of economic hardships

Currently, a major economic crisis is shaking Venezuela, resulting in hyperinflation, food and water shortages, and unemployment. Venezuela’s inflation rate has skyrocketed to over 900,000 percent in 2018, and the economy is suffering, with the Venezuelan GDP growth decreasing substantially each year since 2014.

A population affected by instability

In response to the economic and political climate, many are leaving the country for places such as Colombia, Peru, and Ecuador, with hopes for more stability and better economic prospects. Due in part to this, Venezuela’s population growth has decreased consistently over the last five years: In 2019, the country’s population was around 28 million inhabitants - a figure that is estimated to decrease further in the future.

Venezuela VE: Unemployment data was reported at 966.354 Person th in 2015. This records a decrease from the previous number of 985.780 Person th for 2014. Venezuela VE: Unemployment data is updated yearly, averaging 1,042.391 Person th from Dec 1985 (Median) to 2015, with 31 observations. The data reached an all-time high of 2,141.800 Person th in 2003 and a record low of 478.200 Person th in 1988. Venezuela VE: Unemployment 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.

The unemployment rate in Guyana saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around 12.43 percent. The unemployment rate refers to the share of the economically active population currently without work but in search of employment. The unemployment rate does not include economically inactive persons such as the long-term unemployed, children, or retirees.Find more key insights for the unemployment rate in countries like Suriname and Venezuela.

The youth unemployment rate in Suriname decreased by 1.3 percentage points (-4.89 percent) in 2023 in comparison to the previous year. Nevertheless, the last two years recorded a significantly higher youth unemployment rate than the preceding years.The youth unemployment rate refers to the share of the workforce aged 15 to 24 that is currently not working but is actively searching for work. It does not include the economically inactive population, such as the long-term unemployed or full-time students.Find more key insights for the youth unemployment rate in countries like Venezuela and Guyana.