Estonia's unemployment rate dropped to 4.1 percent in the fourth quarter of 2019 from 4.4 percent in the corresponding period last year. The labor force participation rate decreased to 72.1 percent from 72.3 percent in the same period of 2018 and the employment rate inched higher to 69.2 percent from 69.1 percent. For 2019 full year, unemployment rate declined to 4.4 percent from 5.4 percent in 2018. Estonia Unemployment Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Unemployment Rate in Estonia averaged 8.14 percent from 1989 until 2019, reaching an all time high of 19.50 percent in the first quarter of 2010 and a record low of 0.50 percent in the second quarter of 1989. This page provides - Estonia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Estonia
Unemployment Rate in Estonia is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Estonia to stand at 4.50 in 12 months time. In the long-term, the Estonia Unemployment Rate is projected to trend around 5.10 percent in 2021, according to our econometric models.