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.

The employment rate in Venezuela amounted to approximately 60.63 percent in 2019. Between 2010 and 2019, the rate rose by around 1.74 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.

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.

Venezuela Labour Force: Male: Employment Rate data was reported at 93.293 % in Apr 2016. This records an increase from the previous number of 93.184 % for Mar 2016. Venezuela Labour Force: Male: Employment Rate data is updated monthly, averaging 91.547 % from Jan 1999 (Median) to Apr 2016, with 206 observations. The data reached an all-time high of 95.283 % in Dec 2013 and a record low of 79.964 % in Feb 2003. Venezuela Labour Force: Male: Employment 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.G003: Labour Force.

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.

Venezuela Labour Force: Female: Employment Rate data was reported at 91.700 % in Apr 2016. This records a decrease from the previous number of 92.490 % for Mar 2016. Venezuela Labour Force: Female: Employment Rate data is updated monthly, averaging 89.880 % from Jan 1999 (Median) to Apr 2016, with 206 observations. The data reached an all-time high of 93.670 % in Dec 2012 and a record low of 76.419 % in Jan 2004. Venezuela Labour Force: Female: Employment 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.G003: Labour Force.

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

The statistic shows the distribution of employment in Venezuela by economic sector from 2013 to 2023. In 2023, 10.63 percent of the employees in Venezuela were active in the agricultural sector, 21.26 percent in industry and 70.91 percent in the service sector.

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: 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.

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.

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

In 2024, the labor participation rate among the total population aged between 15 and 64 in Venezuela stood at ***** percent. Between 1990 and 2024, the figure dropped by **** percentage points, though the decline followed an uneven course rather than a steady trajectory.

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 over Previous Period data was reported at 20.168 % in Mar 2016. This records an increase from the previous number of -9.373 % for Dec 2015. Venezuela VE: Unemployment Rate: % Change over Previous Period data is updated quarterly, averaging -3.942 % from Jun 1999 (Median) to Mar 2016, with 65 observations. The data reached an all-time high of 30.602 % in Mar 2002 and a record low of -23.252 % in Dec 2007. 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: Quarterly.

Labor force participation rate for ages 15-24, total (%) (national estimate) in Venezuela was reported at 37.19 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Labor force participation rate for ages 15-24, total (national estimate) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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: Labor force participation rate: The latest value from 2024 is 52.64 percent, a decline from 52.96 percent in 2023. In comparison, the world average is 60.63 percent, based on data from 176 countries. Historically, the average for Venezuela from 1990 to 2024 is 61.65 percent. The minimum value, 51.95 percent, was reached in 2020 while the maximum of 64.86 percent was recorded in 2006.