The unemployment rate in Albania increased to 12.5 percent in the second quarter of 2020 from 12 percent in the corresponding period of the previous year, as the coronavirus pandemic hit the labour market. The employment rate dropped to 59.6 percent from 61.4 percent in Q2 2019; and the labour force participation rate declined to 68.1 percent from 69.8 percent a year ago. Meantime, the youth unemployment rate, measuring job-seekers aged 15-29 years, went up to 21.4 percent from 20.9 percent a year earlier. source: Instituti i Statistikave (INSTAT)

Unemployment Rate in Albania averaged 14.85 percent from 1993 until 2020, reaching an all time high of 22.30 percent in the fourth quarter of 1993 and a record low of 11.60 percent in the fourth quarter of 2019. This page provides - Albania Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Unemployment Rate in Albania is expected to be 14.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Albania to stand at 14.60 in 12 months time. In the long-term, the Albania Unemployment Rate is projected to trend around 13.80 percent in 2021 and 12.10 percent in 2022, according to our econometric models.

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Albania Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.50 11.90 22.30 11.60 1993 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-17 11:00 AM Q3 11.8% 12% 11.9%
2020-03-10 11:00 AM Q4 11.6% 11.8% 11.8%
2020-06-11 11:00 AM Q1 11.9% 11.6% 12.5%
2020-09-10 10:00 AM Q2 12.5% 11.9% 14.1%
2020-12-10 11:00 AM Q3 12.5% 14.6%


News Stream
Albania Jobless Rate Rises to 12.5% in Q2
The unemployment rate in Albania increased to 12.5 percent in the second quarter of 2020 from 12 percent in the corresponding period of the previous year, as the coronavirus pandemic hit the labour market. The employment rate dropped to 59.6 percent from 61.4 percent in Q2 2019; and the labour force participation rate declined to 68.1 percent from 69.8 percent a year ago. Meantime, the youth unemployment rate, measuring job-seekers aged 15-29 years, went up to 21.4 percent from 20.9 percent a year earlier.
2020-09-10
Albania Jobless Rate Falls to 11.9% in Q1
The unemployment rate in Albania decreased to 11.9 percent in the first quarter of 2020 from 12.6 percent in the corresponding month of the previous year and compared with an all-time low of 11.6 percent in the prior quarter. The employment rate increased to 61.4 percent from 60.3 percent in Q1 2019; and the labour force participation rate went up to 69.6 percent from 69 percent a year ago. Meantime, the youth unemployment rate, measuring job-seekers aged 15-29 years, dropped to 20 percent from 22.2 percent a year ago.
2020-06-11
Albania Jobless Rate Falls to New Low of 11.6%
The unemployment rate in Albania fell to a new record low of 11.6 percent in the fourth quarter of 2019 from 12.7 percent in the corresponding period of 2018 and compared to 11.8 percent in the prior quarter. The jobless rate was lower for both men (11.8 percent vs 13 percent in Q4 2018) and women (11.4 percent vs 12.3 percent). At the same time, the youth unemployment rate, measuring job-seekers aged 15-29 years, decreased to 21.4 percent from 22.2 percent a year ago.
2020-03-10
Albania Jobless Rate Hits Fresh Low of 11.8%
The unemployment rate in Albania fell to a new record low of 11.8 percent in the third quarter of 2019 from 12.7 percent in the corresponding period of 2018 and compared to 12.0 percent in the prior quarter. The number of unemployed dropped by 2 thousand to 70 thousand and the number of employed rose by 10 thousand to 1.162 million. The jobless rate was lower for both men (11.9 percent vs 13.1 percent in Q3 2018) and women (11.8 percent vs 12.1 percent). Also, the youth unemployment rate decreased to 21.4 percent from 23.2 percent a year ago.
2019-12-17

Albania Unemployment Rate
In Albania, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.