Unemployment rate (IMF) — all countries

Unemployment rate (IMF) — Venezuela

Unemployment rate (IMF) in Venezuela in 2018 — 35.6%. Ranked 115 in the world out of 115. Since 1999, the indicator has risen by 21.1 pp.

2018 35.6% +7.7 pp vs 2017
World rank 115of 115
Period maximum 35.6%2018
Period minimum 7.4%2008

Trend over time

1999–2018 · % of labor force

Unemployment rate (IMF) — Venezuela, 1999–2018010203040199920012003200520072009201120132015201720181999: 14.5%2000: 14%2001: 13.4%2002: 16%2003: 18.2%2004: 15.1%2005: 12.2%2006: 10%2007: 8.5%2008: 7.4%2009: 7.9%2010: 8.5%2011: 8.2%2012: 7.8%2013: 7.5%2014: 8%2015: 12.5%2016: 20.9%2017: 27.9%2018: 35.6%
Change over the period: +21.1 pp Annual average: 1.11 pp

Comparison, 2018

How the value compares with the world and the groups this territory belongs to: Venezuela

Venezuela 35.6%
South America computed 11.8%
Unemployment rate (IMF) — Venezuela, by year Venezuela All countries CSV XLSX
Year % Change, pp
2018 35.6 +7.7 pp
2017 27.9 +7 pp
2016 20.9 +8.4 pp
2015 12.5 +4.5 pp
2014 8 +0.5 pp
2013 7.5 −0.3 pp
2012 7.8 −0.4 pp
2011 8.2 −0.3 pp
2010 8.5 +0.6 pp
2009 7.9 +0.5 pp
2008 7.4 −1.1 pp
2007 8.5 −1.5 pp
2006 10 −2.2 pp
2005 12.2 −2.9 pp
2004 15.1 −3.1 pp
2003 18.2 +2.2 pp
2002 16 +2.6 pp
2001 13.4 −0.6 pp
2000 14 −0.5 pp
1999 14.5

About the indicator

The unemployment rate as a percent of the labor force, from the IMF World Economic Outlook database. The series is shorter than the ILO one: the IMF publishes it only for countries with comparable labor market statistics, but in exchange it includes a forecast. For full country coverage there is the unemployment rate based on ILO data.

Source: World Economic Outlook (IMF), license IMF open data.