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Peru Unemployment Rate

Unemployment as % of total labor force  SL.UEM.TOTL.ZS

5.12% −1.28pp (-20.0%)
Year 2025 Rank #92 Global Peak 9.00% (1983) Source World Bank

Peru Unemployment Rate (1980–2025)

Overview

Peru's unemployment rate stood at 5.12% in 2025, a decline of +1.28pp from 2024. The IMF projects 6.45% by 2025. Peru ranked 92nd globally.

Data & projection

Year Unemployment Rate YoY change Rank
2030* IMF 6.50% - -
2029* IMF 6.50% - -
2028* IMF 6.50% - -
2027* IMF 6.50% - -
2026* IMF 6.50% - -
2025* IMF 6.45% - -
2025 5.12% −1.28pp #92
2024 5.20% −1.59pp #98
2023 4.90% −2.85pp #89
2022 4.29% −6.44pp #72
2021 5.10% −7.94pp #75
2020 7.18% +0.60pp #107
2019 3.38% −3.27pp #47
2018 3.49% −3.39pp #46
2017 3.69% −3.06pp #50
2016 3.74% −2.75pp #47
2015 3.27% −2.30pp #36
2014 3.21% −2.75pp #35
2013 3.58% −3.23pp #45
2012 3.24% −4.43pp #34
2011 3.48% −4.42pp #40
Show all years (1980-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +11.0% GDP growth 3.3% C/A balance 2.2%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Peru matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw unemployment rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is Peru's unemployment rate?

Peru's unemployment rate was 5.12% in 2025. Ranked 92nd globally. This represents a 20.0% decrease from the previous year.

What was the highest unemployment rate in Peru?

Peru's unemployment rate peaked at 9.00% in 1983.

What was the lowest unemployment rate in Peru?

The lowest unemployment rate in Peru was 3.21% in 2014.

How does Peru rank in unemployment rate?

Peru ranks 92nd globally in unemployment rate as of 2025.

What is the World Bank indicator code for unemployment rate?

The World Bank indicator code is SL.UEM.TOTL.ZS. Data sourced from World Bank.

What is the projected unemployment rate of Peru in 2025?

Peru's unemployment rate is projected to reach 6.45% by 2025 based on IMF projection.

What is the unemployment rate of Peru in 2025?

The unemployment rate of Peru in 2025 was 5.12%. This ranks 92nd in the world.

Cite this page

APA
Peru Unemployment Rate. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/peru/unemployment-rate
BibTeX
@misc{historysaid_peru_unemployment-rate, title = {Peru Unemployment Rate}, url = {https://historysaid.com/peru/unemployment-rate}, publisher = {HistorySaid}, year = {2026} }