Unemployment Rate in Namibia decreased to 33.40 percent in 2018 from 34 percent in 2016.

Unemployment Rate in Namibia averaged 27.94 percent from 1997 until 2018, reaching an all time high of 37.60 percent in 2008 and a record low of 19.50 percent in 1997. This page provides - Namibia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bureau of Statistics, Namibia

Unemployment Rate in Namibia is expected to be 34.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Unemployment Rate is projected to trend around 34.60 percent in 2020, according to our econometric models.


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Namibia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
33.40 34.00 37.60 19.50 1997 - 2018 percent Yearly

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

Namibia Labour Last Previous Highest Lowest Unit
Unemployment Rate 33.40 34.00 37.60 19.50 percent [+]
Population 2.48 2.44 2.48 0.60 Million [+]
Unemployed Persons 364411.00 349383.00 364411.00 248944.00 Thousand [+]
Wages High Skilled 33300.00 12100.00 33300.00 12100.00 NAD/Month [+]
Wages Low Skilled 3240.00 1240.00 3240.00 1240.00 NAD/Month [+]
Youth Unemployment Rate 46.10 43.40 46.10 37.80 percent [+]
Labor Force Participation Rate 71.20 69.40 71.20 66.30 percent [+]
Living Wage Family 8590.00 8590.00 8590.00 8590.00 NAD/Month [+]
Living Wage Individual 8360.00 8360.00 8360.00 8360.00 NAD/Month [+]
Employed Persons 725742.00 676885.00 725742.00 657584.00 Thousand [+]