Labor Force Participation Rate in Albania decreased to 68.10 percent in the second quarter of 2020 from 69.60 percent in the first quarter of 2020.

Labor Force Participation Rate in Albania averaged 65.34 percent from 2012 until 2020, reaching an all time high of 69.80 percent in the second quarter of 2019 and a record low of 57.90 percent in the first quarter of 2014. This page provides - Albania Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Labor Force Participation Rate - values, historical data and charts - was last updated on October of 2020.

Labor Force Participation Rate in Albania is expected to be 66.82 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Albania to stand at 66.17 in 12 months time. In the long-term, the Albania Labor Force Participation Rate is projected to trend around 65.35 percent in 2021 and 65.11 percent in 2022, according to our econometric models.

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Albania Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
68.10 69.60 69.80 57.90 2012 - 2020 percent Quarterly
NSA

Albania Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.50 11.90 22.30 11.60 percent [+]
Employed Persons 1105.00 1134.00 1162.00 892.00 Thousand [+]
Unemployed Persons 85.00 67.00 301.00 64.00 Thousand [+]
Labor Force Participation Rate 68.10 69.60 69.80 57.90 percent [+]
Wages 54149.00 53232.00 54149.00 3084.00 ALL/Month [+]
Minimum Wages 26000.00 26000.00 26000.00 1200.00 ALL/Month [+]
Population 2.86 2.87 3.37 1.58 Million [+]
Retirement Age Women 60.67 60.50 60.67 50.00 [+]
Retirement Age Men 65.00 65.00 65.00 55.00 [+]
Youth Unemployment Rate 21.40 20.00 34.20 20.00 percent [+]
Employment Rate 59.60 61.40 61.60 47.10 percent [+]


Albania Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.