The unemployment rate in Albania decreased to 12.6 percent in the first quarter of 2019, the lowest since the third quarter of 2008, from 13.0 percent in the same period last year. The jobless rate was lower for both women (12.3 percent from 12.7 percent) and men (12.8 percent from 13.2 percent). Also, the youth unemployment rate dropped to 22.2 percent from 24.5 percent. Unemployment Rate in Albania averaged 15.01 percent from 1993 until 2019, reaching an all time high of 22.30 percent in the fourth quarter of 1993 and a record low of 12.10 percent in the fourth quarter of 1996.
Unemployment Rate in Albania is expected to be 12.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Albania to stand at 12.20 in 12 months time. In the long-term, the Albania Unemployment Rate is projected to trend around 12.10 percent in 2020, according to our econometric models.