Venezuela Unemployment Rate  Forecast


Venezuela Unemployment Rate
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Unemployment Rate in Venezuela is expected to be 30.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Venezuela to stand at 30.00 in 12 months time. In the long-term, the Venezuela Unemployment Rate is projected to trend around 20.00 percent in 2020, according to our econometric models.


Venezuela Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 7.3 30 30 8.5 30 20
Employed Persons 13089081 12000000 12000000 13011896 12000000 12400000
Unemployed Persons 1035238 1600000 1600000 1153974 1600000 1350000
Minimum Wages 456507 738537 946713 1150156 1348566 2719866
Population 31.03 31.7 31.7 31.74 30.83 32.63
Employment Rate 92.67 91.72 91.62 91.53 91.43 90.8