Venezuela, RB — Unemployment
Unemployment Rate for Venezuela, RB, 1991–2025.
Unemployment for Venezuela, RB was 5.31% in 2025, according to the latest World Bank data. The series covers 35 years, from 1991 to 2025. The highest recorded value was 16.78% in 2003. The lowest was 5.04% in 2017 (about 1.1× the low point). Across that span the compound annual growth rate works out to -1.68% per year.
Venezuela, RB ranks 91 of 187 economies on this measure (1 = highest), putting it in the top 49%. The median for Latin America & Caribbean is 5.99%, so Venezuela, RB sits below it. It peaked in 2003 and has fallen 68% since. Over the last decade (2015–2025) the figure moved down 14%. Within Latin America & Caribbean it ranks 18 of 31 economies; Peru (5.12%) is just below it. Its sharpest one-year move was up 30% in 1999. That is 9% below this series' own ten-year average.
Data highlights
World ranking. Slipped: 58th of 187 in 1991 → 32nd of 187 in 2000 → 92nd of 187 in 2010 → 79th of 187 in 2020 → 86th of 182 in 2025.
Key figures
Full history — 1991 to 2025
| Year | % of total labor force | Change |
|---|---|---|
| 2025 | 5.31% | -0.0 pp |
| 2024 | 5.32% | -0.1 pp |
| 2023 | 5.41% | -0.2 pp |
| 2022 | 5.65% | -1.4 pp |
| 2021 | 7.03% | -0.5 pp |
| 2020 | 7.53% | +1.6 pp |
| 2019 | 5.89% | +0.4 pp |
| 2018 | 5.47% | +0.4 pp |
| 2017 | 5.05% | -0.3 pp |
| 2016 | 5.32% | -0.8 pp |
| 2015 | 6.14% | -0.7 pp |
| 2014 | 6.82% | -0.7 pp |
| 2013 | 7.54% | +0.9 pp |
| 2012 | 6.6% | -0.3 pp |
| 2011 | 6.9% | -0.2 pp |
| 2010 | 7.11% | +1.0 pp |
| 2009 | 6.1% | -0.1 pp |
| 2008 | 6.25% | -1.0 pp |
| 2007 | 7.28% | -1.3 pp |
| 2006 | 8.61% | -2.1 pp |
| 2005 | 10.66% | -4.4 pp |
| 2004 | 15.07% | -1.7 pp |
| 2003 | 16.78% | +0.6 pp |
| 2002 | 16.17% | +3.1 pp |
| 2001 | 13.04% | -1.0 pp |
| 2000 | 13.99% | -0.5 pp |
| 1999 | 14.53% | +3.4 pp |
| 1998 | 11.15% | -0.0 pp |
| 1997 | 11.16% | -0.6 pp |
| 1996 | 11.77% | +1.5 pp |
| 1995 | 10.24% | +1.7 pp |
| 1994 | 8.56% | +2.0 pp |
| 1993 | 6.6% | -1.1 pp |
| 1992 | 7.69% | -1.8 pp |
| 1991 | 9.45% | — |
Frequently asked questions
What was Venezuela, RB’s Unemployment in 1992?
7.69% (1992). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in % of total labor force, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Venezuela, RB’s Unemployment growing or shrinking?
Between 1991 and 2025 the series was shrinking overall: -43.8% in total — about 1.7% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator SL.UEM.TOTL.ZS. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 5.31%; 2024: 5.32%; 2023: 5.41%; 2022: 5.65%; 2021: 7.03%. Earlier years are in the full-history table below.
Related data
SL.UEM.TOTL.ZS — Unemployment Rate. Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.