Unemployment in Chile
Chile's unemployment rate over the last decade showed fluctuations. Initially, unemployment was relatively low, benefiting from strong copper prices. However, the 2019 social unrest, elevated immigration and the 2020 COVID-19 pandemic disrupted this trend, leading to increased unemployment rates. The unemployment has decreased since the pandemic, though challenges in the job market remain amid a high level of informal jobs and muted economic growth.
The unemployment rate in Chile averaged 7.4% in the decade to 2022, below the 8.2% average for Latin America. The unemployment rate in Chile in 2022 was 7.8%. For more unemployment information, visit our dedicated page.
Chile Unemployment Chart
Note: This chart displays Unemployment Rate for Chile from 2024 to 2018.
Source: Macrobond.
Chile Unemployment Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 10.6 | 9.1 | 7.8 | 8.6 | 8.5 |
| Unemployment (% of active population, eop) | 10.3 | 7.2 | 7.9 | 8.5 | 8.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Chilean unemployment projections for the next ten years from a panel of 23 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 Chilean unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Chilean unemployment projections.
Want to get access to the full dataset of Chilean unemployment forecasts? Send an email to info@focus-economics.com.