Labor Force Participation Rate in Spain increased to 57.83 percent in the third quarter of 2020 from 55.54 percent in the second quarter of 2020. source: National Statistics Institute (INE)

Labor Force Participation Rate in Spain averaged 54.20 percent from 1976 until 2020, reaching an all time high of 60.55 percent in the third quarter of 2012 and a record low of 48.88 percent in the second quarter of 1985. This page provides - Spain Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Spain Economic Activity Rate - values, historical data and charts - was last updated on November of 2020.

Labor Force Participation Rate in Spain is expected to be 55.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Spain to stand at 57.50 in 12 months time. In the long-term, the Spain Economic Activity Rate is projected to trend around 57.70 percent in 2021 and 58.50 percent in 2022, according to our econometric models.

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Spain Economic Activity Rate

Actual Previous Highest Lowest Dates Unit Frequency
57.83 55.54 60.55 48.88 1976 - 2020 percent Quarterly
NSA

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.26 15.33 26.94 4.41 percent [+]
Employed Persons 19176.90 18607.20 20510.60 10949.20 Thousand [+]
Unemployed Persons 3826.04 3776.49 5040.22 79.00 Thousand [+]
Unemployment Change 49.56 -26.33 461.00 -129.30 Thousand [+]
Part Time Employment 2654.70 2486.10 2951.50 572.70 Thousand [+]
Full Time Employment 16522.10 16121.10 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 4.10 5.10 13.60 1.50 percent [+]
Youth Unemployment Rate 40.40 43.90 55.90 17.20 percent [+]
Labour Costs 96.10 101.10 108.40 66.70 points [+]
Productivity 99.20 105.20 105.20 85.10 points [+]
Job Vacancies 42.60 42.85 541.53 14.47 Thousand [+]
Wages 1804.08 1889.78 2075.43 1264.36 EUR/Month [+]
Minimum Wages 1050.00 1050.00 1050.00 485.71 EUR/Month [+]
Population 46.94 46.66 46.94 30.33 Million [+]
Retirement Age Women 65.83 65.67 65.83 65.00 [+]
Retirement Age Men 65.83 65.67 65.83 65.00 [+]
Wages In Manufacturing 2466.09 2207.71 2466.09 1372.25 EUR/Month [+]
Wage Growth -0.08 -1.77 9.03 -7.18 percent [+]
Labor Force Participation Rate 57.83 55.54 60.55 48.88 percent [+]
Employment Change -7.50 -1.00 1.60 -7.50 percent [+]
Employment Rate 48.43 47.03 54.73 38.36 percent [+]