Unemployment Rate in Guatemala decreased to 2 percent in the third quarter of 2019 from 2.50 percent in the first quarter of 2019.

Unemployment Rate in Guatemala averaged 2.84 percent from 2002 until 2019, reaching an all time high of 4.13 percent in the fourth quarter of 2011 and a record low of 2 percent in the third quarter of 2018. This page provides - Guatemala Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guatemala Unemployment Rate - values, historical data and charts - was last updated on October of 2020. source: Instituto Nacional de Estadística Guatemala

Unemployment Rate in Guatemala is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Guatemala to stand at 5.00 in 12 months time. In the long-term, the Guatemala Unemployment Rate is projected to trend around 5.00 percent in 2021 and 3.50 percent in 2022, according to our econometric models.

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Guatemala Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.50 4.13 2.00 2002 - 2019 percent Quarterly

Guatemala Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.00 2.50 4.13 2.00 percent [+]
Population 17.69 17.31 17.69 4.16 Million [+]
Labor Force Participation Rate 59.10 59.30 68.20 59.10 percent [+]


Guatemala Unemployment Rate
In Guatemala, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.