Unemployment in Brazil
Brazil's unemployment rate over the last decade has been volatile, reflecting the country's economic struggles and political changes. The rate began to rise significantly in 2015 due to a recession. The situation worsened with the COVID-19 pandemic, leading to the unemployment rate moving further into double digits. Since the pandemic, unemployment has tumbled amid a period of strong economic growth, with the unemployment rate coming in below 7% in 2024—the lowest since 2014. The unemployment rate in Brazil averaged 10.8% in the decade to 2022, above the 8.2% average for Latin America. The unemployment rate in 2022 was 9.5%. For more unemployment information, visit our dedicated page.
Brazil Unemployment Chart
Note: This chart displays Unemployment Rate for Brazil from 2014 to 2024.
Source: Macrobond.
Brazil Unemployment Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 13.5 | 13.5 | 9.5 | 8.0 | 6.9 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Brazilian unemployment projections for the next ten years from a panel of 25 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 Brazilian unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Brazilian unemployment projections.
Want to get access to the full dataset of Brazilian unemployment forecasts? Send an email to info@focus-economics.com.