Unemployment Rate in Macedonia decreased to 16.60 percent in the fourth quarter of 2019 from 17.10 percent in the third quarter of 2019.
Unemployment Rate in Macedonia averaged 30.01 percent from 1993 until 2019, reaching an all time high of 38.70 percent in the first quarter of 2005 and a record low of 16.60 percent in the fourth quarter of 2019. This page provides - Macedonia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
Unemployment Rate in Macedonia is expected to be 19.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Macedonia to stand at 22.30 in 12 months time. In the long-term, the Macedonia Unemployment Rate is projected to trend around 19.00 percent in 2021 and 17.00 percent in 2022, according to our econometric models.