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.
Unemployment Rate in Albania averaged 14.91 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 11.60 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 May of 2020. source: Instituti i Statistikave (INSTAT)
Unemployment Rate in Albania is expected to be 14.10 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 16.50 in 12 months time. In the long-term, the Albania Unemployment Rate is projected to trend around 14.50 percent in 2021 and 12.10 percent in 2022, according to our econometric models.