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Venezuela, RB — Unemployment
Unemployment Rate for Venezuela, RB, 1991–2025.
Latest value · 2025
5.31%
Unemployment Rate · % of total labor force · -43.8% since 1991
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%.
Key figures
Latest (2025)
5.31%
First (1991)
9.45%
Change
-43.8%
Highest
16.78%
in 2003
Lowest
5.04%
in 2017
Average
8.69%
Annual growth (CAGR)
-1.68%
Years of data
35
Recent years
| Year | % of total labor force |
|---|---|
| 2025 | 5.31% |
| 2024 | 5.32% |
| 2023 | 5.41% |
| 2022 | 5.65% |
| 2021 | 7.03% |
| 2020 | 7.53% |
| 2019 | 5.89% |
| 2018 | 5.47% |
| 2017 | 5.05% |
| 2016 | 5.32% |
| 2015 | 6.14% |
| 2014 | 6.82% |
Reading this correctly. Share of the labor force without work but available for and seeking employment. National definitions differ, so cross-country comparison needs care. Figures are in % of total labor force. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.