Unemployment in Uruguay
The unemployment rate averaged 8.1% in the decade to 2022, slightly below the 8.2% average for Latin America. The unemployment rate in Uruguay in 2022 was 7.9%. For more unemployment information, visit our dedicated page.
Uruguay Unemployment Chart
Note: This chart displays Unemployment Rate for Uruguay from 2014 to 2023.
Source: Macrobond.
Uruguay Unemployment Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 8.9 | 10.4 | 9.3 | 7.9 | 8.3 |
| Unemployment (% of active population, eop) | 8.5 | 10.6 | 7.0 | 7.9 | 7.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Uruguayan unemployment projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Uruguayan unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Uruguayan unemployment projections.
Want to get access to the full dataset of Uruguayan unemployment forecasts? Send an email to info@focus-economics.com.