Unemployment Rate in Namibia increased to 2.79 percent in 2020 from 2.04 percent in 2019. source: Central Bureau of Statistics, Namibia

Unemployment Rate in Namibia averaged 23.30 percent from 1997 until 2020, reaching an all time high of 37.60 percent in 2008 and a record low of 2.04 percent in 2019. This page provides - Namibia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia Unemployment Rate - values, historical data and charts - was last updated on July of 2021.

Unemployment Rate in Namibia is expected to reach 36.80 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Unemployment Rate is projected to trend around 36.00 percent in 2022 and 34.50 percent in 2023, according to our econometric models.

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Namibia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.79 2.04 37.60 2.04 1997 - 2020 percent Yearly

Namibia Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.79 2.04 37.60 2.04 percent [+]
Population 2.50 2.46 2.50 0.60 Million [+]
Labor Force Participation Rate 71.20 69.40 71.20 66.30 percent [+]
Employed Persons 725742.00 676885.00 725742.00 657584.00 Thousand [+]
Unemployed Persons 364411.00 349383.00 364411.00 248944.00 Thousand [+]
Youth Unemployment Rate 46.10 43.40 46.10 37.80 percent [+]


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.