Long Term Unemployment Rate in Belgium increased to 2.30 percent in the first quarter of 2020 from 2.20 percent in the fourth quarter of 2019.

Long Term Unemployment Rate in Belgium averaged 3.84 percent from 1992 until 2020, reaching an all time high of 5.70 percent in the second quarter of 1995 and a record low of 2.20 percent in the third quarter of 2019. This page provides - Belgium Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Long Term Unemployment Rate - values, historical data and charts - was last updated on August of 2020.

Long Term Unemployment Rate in Belgium is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Belgium to stand at 3.70 in 12 months time. In the long-term, the Belgium Long Term Unemployment Rate is projected to trend around 3.70 percent in 2021 and 3.40 percent in 2022, according to our econometric models.

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Belgium Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.20 5.70 2.20 1992 - 2020 percent Quarterly

Belgium Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.50 5.40 11.00 5.00 percent [+]
Employed Persons 4172.20 4177.90 4177.90 3010.70 Thousand [+]
Unemployed Persons 324022.00 327467.00 533460.00 281099.00 [+]
Labor Force Participation Rate 68.90 69.60 69.60 63.60 percent [+]
Long Term Unemployment Rate 2.30 2.20 5.70 2.20 percent [+]
Youth Unemployment Rate 13.00 13.00 26.10 11.90 percent [+]
Labour Costs 107.80 106.00 107.80 75.60 points [+]
Job Vacancies 129170.00 139420.00 149180.00 70256.00 [+]
Minimum Wages 1593.81 1593.81 1593.81 1074.44 EUR/Month [+]
Wage Growth 3.40 3.90 6.80 -6.50 percent [+]
Population 11.46 11.40 11.46 9.13 Million [+]
Retirement Age Women 65.00 65.00 65.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 60.00 [+]
Full Time Employment 3562.40 3578.50 3606.20 2643.50 Thousand [+]
Part Time Employment 1203.30 1201.20 1203.30 602.20 Thousand [+]
Wages 3558.00 3489.00 3558.00 2238.00 EUR/Month [+]
Wages In Manufacturing 129.20 97.90 129.20 72.50 points [+]
Employment Change -0.24 0.34 1.80 -0.70 percent [+]
Employment Rate 65.10 65.30 65.80 55.70 percent [+]


Belgium Long Term Unemployment Rate
In Belgium, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.