Latin America & Caribbean: unemployment rate 2019-2024, by country
Unemployment rate in Latin America and the Caribbean in 2019 and 2024, by country
by Marina Pasquali,
last edited
May 23, 2019
The statistic presents a comparison of the unemployment rate in Latin American and Caribbean countries in 2019, and a forecast for 2024. In April 2019, the Latin American country with the highest unemployment rate among the nations shown was Venezuela, with around 44.3 percent of its economically active population being unemployed. The unemployment rate in Mexico was expected to be the lowest in the region by 2024, amounting to 3.4 percent.
Unemployment rate in Latin America and the Caribbean in 2019 and 2024, by country
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| 2019 | 2024* | |
|---|---|---|
| Venezuela | 44.3% | 56% |
| Nicaragua | 23.4% | 12.5% |
| Brazil | 11.4% | 9% |
| Puerto Rico | 11% | 11.4% |
| Jamaica | 11% | 8.6% |
| Barbados | 10.4% | 9.3% |
| Belize | 10.1% | 13.7% |
| Argentina | 9.9% | 8.8% |
| Colombia | 9.7% | 9% |
| Costa Rica | 9.7% | 9.3% |
| Bahamas | 9% | 8.6% |
| Uruguay | 8.1% | 7.4% |
| El Salvador | 6.7% | 6.9% |
| Peru | 6.6% | 6.5% |
| Chile | 6.5% | 6% |
| Panama | 6.1% | 6% |
| Paraguay | 5.7% | 5.8% |
| Dominican Republic | 5.2% | 5.2% |
| Trinidad and Tobago | 4.8% | 4.4% |
| Ecuador | 4.3% | 4.5% |
| Bolivia | 4% | 4% |
| Mexico | 3.5% | 3.4% |
| Honduras | 3.4% | 3.7% |
| 2019 | 2024* | |
|---|---|---|
| Venezuela | 44.3% | 56% |
| Nicaragua | 23.4% | 12.5% |
| Brazil | 11.4% | 9% |
| Puerto Rico | 11% | 11.4% |
| Jamaica | 11% | 8.6% |
| Barbados | 10.4% | 9.3% |
| Belize | 10.1% | 13.7% |
| Argentina | 9.9% | 8.8% |
| Colombia | 9.7% | 9% |
| Costa Rica | 9.7% | 9.3% |
| Bahamas | 9% | 8.6% |
| Uruguay | 8.1% | 7.4% |
| El Salvador | 6.7% | 6.9% |
| Peru | 6.6% | 6.5% |
| Chile | 6.5% | 6% |
| Panama | 6.1% | 6% |
| Paraguay | 5.7% | 5.8% |
| Dominican Republic | 5.2% | 5.2% |
| Trinidad and Tobago | 4.8% | 4.4% |
| Ecuador | 4.3% | 4.5% |
| Bolivia | 4% | 4% |
| Mexico | 3.5% | 3.4% |
| Honduras | 3.4% | 3.7% |
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by Marina Pasquali,
last edited
May 23, 2019
The statistic presents a comparison of the unemployment rate in Latin American and Caribbean countries in 2019, and a forecast for 2024. In April 2019, the Latin American country with the highest unemployment rate among the nations shown was Venezuela, with around 44.3 percent of its economically active population being unemployed. The unemployment rate in Mexico was expected to be the lowest in the region by 2024, amounting to 3.4 percent.
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- Release date
- April 2019
- Region
- Central and South America, Mexico
- Survey time period
- April 2019
- Special properties
- * Forecast
- Supplementary notes
Source
- Show sources information
- As a Premium user you get access to the detailed source references and background information about this statistic.
- Show publisher information
- Release date
- April 2019
More information
- Region
- Central and South America, Mexico
- Survey time period
- April 2019
- Special properties
- * Forecast
- Supplementary notes
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