Croatia's unemployment rate rose to 9.5 percent in May of 2020 from 9.4 percent in April and compared to 7.5 percent in the corresponding month of the previous year. It was the highest jobless rate since March of 2019, as the coronavirus pandemic took hold and hit the labour market. The number of unemployed persons climbed by 41.3 thousand from a year earlier to 157.8 thousand.
Unemployment Rate in Croatia averaged 16.83 percent from 1996 until 2020, reaching an all time high of 23.60 percent in January of 2002 and a record low of 6.70 percent in September of 2019. This page provides - Croatia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Croatia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Unemployment Rate in Croatia is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Croatia to stand at 13.50 in 12 months time. In the long-term, the Croatia Unemployment Rate is projected to trend around 11.00 percent in 2021 and 9.00 percent in 2022, according to our econometric models.