Unemployment Rate (Annual)
South America Ranking
Source: IMF
Definition of Unemployment Rate (Annual)
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
| Current Rank | Country | Value | Latest Reading | Previous Rank | Previous Value |
|---|---|---|---|---|---|
| 1 | Guyana | 16.42 | 2021 | 1 | 16.43 |
| 2 ↑ | Brazil | 14.4 | 2021 | 3 | 13.69 |
| 3 ↓ | Colombia | 14.34 | 2021 | 2 | 15.04 |
| 4 | Argentina | 10.9 | 2021 | 4 | 11.46 |
| 5 ↑ | Uruguay | 10.45 | 2021 | 6 | 10.35 |
| 6 ↑ | Suriname | 10.06 | 2021 | 7 | 9.78 |
| 7 ↓ | Chile | 9.13 | 2021 | 5 | 11.18 |
| 8 | Bolivia | 8.51 | 2021 | 8 | 7.9 |
| 9 | Paraguay | 7.21 | 2021 | 9 | 7.55 |
| 10 ↑ | Venezuela | 6.41 | 2021 | 11 | 6.63 |
| 11 ↓ | Peru | 4.83 | 2021 | 10 | 7.18 |
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
