Unemployment Rate in Venezuela is expected to be 35.00 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 40.00 in 12 months time. In the long-term, the Venezuela Unemployment Rate is projected to trend around 44.00 percent in 2020, according to our econometric models.


Forecast Data Chart
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Venezuela Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7.3 35 37 37 40 44
Employed Persons 13089081 1200000 1000000 1000000 1000000 750000
Unemployed Persons 1035238 6500000 8000000 8500000 9000000 9500000
Minimum Wages 180000000 180000000 190000000 190000000 190000000 190000000
Population 31.43 31.74 31.95 31.95 31.95 32
Employment Rate 92.67 80 75 70 70 60