Latin America & Caribbean: unemployment rate 2019-2024, by country

Published by Marina Pasquali, 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

20192024*
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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Release date

April 2019

Region

Central and South America, Mexico

Survey time period

April 2019

Special properties

* Forecast

Supplementary notes

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