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.

Unemployment Rate in Albania averaged 14.94 percent from 1993 until 2019, reaching an all time high of 22.30 percent in the fourth quarter of 1993 and a record low of 11.80 percent in the third quarter of 2019. This page provides - Albania Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituti i Statistikave (INSTAT)

Unemployment Rate in Albania is expected to be 11.80 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 11.70 in 12 months time. In the long-term, the Albania Unemployment Rate is projected to trend around 12.10 percent in 2020, according to our econometric models.


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Albania Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.80 12.00 22.30 11.80 1993 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-03-11 01:35 PM Q4 12.7% 12.7% 12.7%
2019-06-10 10:00 AM Q1 12.6% 12.7% 12.7%
2019-09-11 10:00 AM Q2 12% 12.6% 12.5%
2019-12-17 11:00 AM Q3 11.8% 12% 11.9%
2020-03-10 11:00 AM Q4 11.8% 11.8%


News Stream
2019-09-11
Albania Jobless Rate at All-time Low
The unemployment rate in Albania fell to a record low of 12 percent in the second quarter of 2019 from 12.9 percent in the corresponding period of 2018 and compared to 12.6 percent in the prior quarter. The jobless rate was lower for both men (12.1 percent from 13.5 percent in Q2 2018) and women (11.8 percent from 12.2 percent). Also, the youth unemployment rate decreased to 20.9 percent from 22.6 percent a year earlier and 22.2 percent in the first quarter of 2019.

2019-06-10
Albania Unemployment Rate Falls to Over 10-Year Low
The unemployment rate in Albania decreased to 12.6 percent in the first quarter of 2019, the lowest since the third quarter of 2008, from 13.0 percent in the same period last year. The jobless rate was lower for both women (12.3 percent from 12.7 percent) and men (12.8 percent from 13.2 percent). Also, the youth unemployment rate dropped to 22.2 percent from 24.5 percent.

2019-03-11
Albania Q4 Jobless Rate Remains Lowest Since 2008
The unemployment rate in Albania decreased to 12.7 percent in the three months to December 2018 from 13.6 percent in the corresponding period of 2017. It compares with 12.7 percent in the previous period, remaining the lowest rate since the last quarter of 2008. The jobless rate was lower for women (12.3 percent from 13.0 percent in Q4 2017) than for men (13.0 percent from 14.1 percent), Also, the youth unemployment rate went down to 22.3 percent from 24.6 percent. The employment rate increased to 60.0 percent from 58.2 percent. Also, the labour force participation rate went up to 68.7 percent from 67.4 percent a year ago.


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.

Albania Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.80 12.00 22.30 11.80 percent [+]
Employed Persons 1162.00 1145.00 1162.00 892.00 Thousand [+]
Unemployed Persons 70.00 72.00 301.00 64.00 Thousand [+]
Labor Force Participation Rate 69.80 69.80 69.80 57.90 percent [+]
Wages 51870.00 52645.00 52645.00 3084.00 ALL/Month [+]
Minimum Wages 26000.00 26000.00 26000.00 1200.00 ALL/Month [+]
Population 2.87 2.88 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 20.90 34.20 20.90 percent [+]
Employment Rate 61.50 61.40 61.50 47.10 percent [+]