Unemployment in Venezuela

Venezuela Unemployment | Economic News & Forecasts

Venezuela - Unemployment

President Nicolás Maduro was re-elected to a second six-year term in the 20 May presidential election that has been widely deemed as a sham. Maduro obtained almost 68% of the vote, beating his closest challenger, Henri Falcón, by more than 11 percentage points, with a voter turnout of 46%—a historic low. The following day, the Trump administration responded by slapping new sanctions aimed at further restricting the Venezuelan government’s ability to obtain financing through the sale of debt and other assets. Fourteen countries throughout the Americas also recalled their ambassadors from Caracas in protest of the electoral outcome. Meanwhile, the economy remains in depression, and oil production continues to plunge despite the recent partial recovery in oil prices. PDVSA, the state-owned oil firm, is facing increased difficulty in fulfilling its oil supply contracts.

Venezuela - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate7.5  7.0  6.8  -     -     

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Venezuela Unemployment Chart

Venezuela Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Institute.

Venezuela Facts

Bond Yield5.500.0 %Aug 19
Exchange Rate80,0000.0 %Jun 14
Stock Market49,4142.04 %Jun 14

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