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Charts & Stats
Venezuela, RB Unemployment, total (% of total labor force) (modeled ILO estimate)
What is Venezuela, RB's unemployment, total (% of total labor force) (modeled ilo estimate)? As of 2023, it's 5.4% of total labor force, down from 6.8% of total labor force in 2014.
Author: Wantstats Research TeamSource: World Bank and Wantstats Repository
| Label | Unemployment, total (% of total labor force) (modeled ILO estimate) |
|---|---|
| 2014 | 6.821% of total labor force |
| 2015 | 6.139% of total labor force |
| 2016 | 5.319% of total labor force |
| 2017 | 5.045% of total labor force |
| 2018 | 5.468% of total labor force |
| 2019 | 5.89% of total labor force |
| 2020 | 7.53% of total labor force |
| 2021 | 7.027% of total labor force |
| 2022 | 5.646% of total labor force |
| 2023 | 5.407% of total labor force |
Data Source: World Bank and Wantstats Repository
Venezuela, RB Unemployment, total (% of total labor force) (modeled ILO estimate): Key Points
- In 2023, Venezuela, RB's unemployment, total (% of total labor force) stood at 5.41 % of total labor force — down from 6.82 % of total labor force in 2014, a fall of roughly 21%.
- 2015-2017: slides to 5.04 % of total labor force (-26%).
- 2018-2020: leaps to 7.53 % of total labor force (+49%).
- 2021-2023: drifts lower, 5.41 % of total labor force (-28%).
- 2020: Unemployment surges from 5.89 to 7.53 % of total labor force (~28%) as lockdowns worldwide shut down entire industries overnight.
- Take the whole run together and it's a 20.7% loss, landing at 5.41 % of total labor force by 2023.
The Pandemic Jobs Shock, Explained
This chart doesn't support a simple narrative. It moves up, it moves down — pick any two years and you can tell almost any story you want. Look at the whole series, not a slice of it.
This spike isn't a local labor-market failure — it's the pandemic. COVID-19 lockdowns shut down entire sectors overnight in 2020, and unemployment jumped in almost every economy at the same time.
This series reflects Venezuela, RB's official reporting via the linked source. Statistics of this kind are typically benchmarked against periodic censuses or surveys, with intervening years estimated.
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Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
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Bong Lau
Sales Leader, Bamberg
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Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.