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Venezuela (Bolivarian Republic of) - Unemployment rate

27.1 (%) in 2017

Unemployment rate of Venezuela (Bolivarian Republic of) rocketed by 31.29% from 20.6 % in 2016 to 27.1 % in 2017. Since the 10.31% drop in 2014, unemployment rate shot up by 304.42% in 2017.

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What is unemployment rate?

Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). [OECD Main Economic Indicators, OECD, monthly] As defined by the International Labour Organization, "unemployed workers" are those who are currently not working but are willing and able to work for pay, currently available to work, and have actively searched for work. [ILO, http://www.ilo.org/public/english/bureau/stat/res/index.htm]

What is Venezuela (Bolivarian Republic of) unemployment rate?

Date Value Change, %
2017 27.1 31.29%
2016 20.6 178.89%
2015 7.4 10.45%
2014 6.7 -10.31%
2013 7.5 -4.51%
2012 7.8 -4.64%
2011 8.2 -3.57%
2010 8.5 7.98%
2009 7.9 7.14%
2008 7.4 -13.40%
2007 8.5 -14.72%
2006 10.0

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