Skyline in Chile

Chile Unemployment

Chile Unemployment

Unemployment in Chile

Chile's unemployment rate from 2013 to 2022 showed fluctuations reflecting its economic changes. 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. By 2022, as the economy began to stabilize, unemployment rates started to decrease, though challenges in job market recovery remained amid a high level of informal jobs and global uncertainties.

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 2020 to 2018.
Source: National Institute of Statistics Chile.

Chile Unemployment Data

2018 2019 2020 2021 2022
Unemployment (% of active population, aop) 7.3 7.2 10.6 9.1 7.8
Unemployment (% of active population, eop) 7.1 7.1 10.3 7.2 7.9
Consensus Forecasts and Projections for the next ten years

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 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 Chilean unemployment.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Chilean unemployment projections.

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