Unemployment Rate in Paraguay decreased to 7.20 percent in the fourth quarter of 2020 from 8.20 percent in the third quarter of 2020. source: DGEEC

Unemployment Rate in Paraguay averaged 7.12 percent from 2010 until 2020, reaching an all time high of 9.20 percent in the first quarter of 2012 and a record low of 5.20 percent in the fourth quarter of 2017. This page provides - Paraguay Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay Unemployment Rate - values, historical data and charts - was last updated on July of 2021.

Unemployment Rate in Paraguay is expected to be 7.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Paraguay to stand at 7.30 in 12 months time. In the long-term, the Paraguay Unemployment Rate is projected to trend around 6.90 percent in 2022, according to our econometric models.

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Paraguay Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.20 8.20 9.20 5.20 2010 - 2020 percent Quarterly

Paraguay Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.20 8.20 9.20 5.20 percent [+]
Minimum Wages 2192.84 2192.84 2192.84 20.52 PYG Thousand/Month [+]
Population 7.25 7.15 7.25 1.91 Million [+]
Unemployed Persons 266902.00 294697.00 294697.00 60451.00 [+]
Wages In Manufacturing 292.90 291.00 293.80 100.00 points [+]
Employed Persons 3454040.00 3318921.00 3466761.00 945026.00 [+]

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