Latin America & Caribbean Unemployment Rate 1991-2024
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
- Latin America & Caribbean unemployment rate for 2023 was 6.22%, a 0.68% decline from 2022.
- Latin America & Caribbean unemployment rate for 2022 was 6.91%, a 2.26% decline from 2021.
- Latin America & Caribbean unemployment rate for 2021 was 9.17%, a 1.05% decline from 2020.
- Latin America & Caribbean unemployment rate for 2020 was 10.21%, a 2.2% increase from 2019.
| Latin America & Caribbean Unemployment Rate - Historical Data |
| Year |
Unemployment Rate (%) |
Annual Change |
| 2023 |
6.22% |
-0.68% |
| 2022 |
6.91% |
-2.26% |
| 2021 |
9.17% |
-1.05% |
| 2020 |
10.21% |
2.20% |
| 2019 |
8.02% |
0.06% |
| 2018 |
7.95% |
-0.10% |
| 2017 |
8.05% |
0.30% |
| 2016 |
7.75% |
1.07% |
| 2015 |
6.69% |
0.50% |
| 2014 |
6.18% |
-0.20% |
| 2013 |
6.38% |
-0.04% |
| 2012 |
6.43% |
-0.29% |
| 2011 |
6.71% |
-0.50% |
| 2010 |
7.22% |
-0.59% |
| 2009 |
7.81% |
0.97% |
| 2008 |
6.84% |
-0.39% |
| 2007 |
7.22% |
-0.39% |
| 2006 |
7.61% |
-0.63% |
| 2005 |
8.23% |
-0.52% |
| 2004 |
8.75% |
-0.52% |
| 2003 |
9.27% |
-0.14% |
| 2002 |
9.41% |
0.34% |
| 2001 |
9.07% |
-0.40% |
| 2000 |
9.46% |
0.02% |
| 1999 |
9.44% |
0.94% |
| 1998 |
8.50% |
0.34% |
| 1997 |
8.15% |
-0.16% |
| 1996 |
8.31% |
0.39% |
| 1995 |
7.92% |
1.23% |
| 1994 |
6.69% |
0.61% |
| 1993 |
6.09% |
-0.23% |
| 1992 |
6.32% |
-0.01% |
| 1991 |
6.33% |
-0.01% |
