Youth Unemployment Rate in Albania increased to 21.40 percent in the second quarter of 2020 from 20 percent in the first quarter of 2020.

Youth Unemployment Rate in Albania averaged 26.92 percent from 2012 until 2020, reaching an all time high of 34.20 percent in the second quarter of 2015 and a record low of 20 percent in the first quarter of 2020. This page provides - Albania Youth Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Youth Unemployment Rate - values, historical data and charts - was last updated on September of 2020.

Youth Unemployment Rate in Albania is expected to be 20.36 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Albania to stand at 20.01 in 12 months time. In the long-term, the Albania Youth Unemployment Rate is projected to trend around 19.08 percent in 2021 and 18.71 percent in 2022, according to our econometric models.

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Albania Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
21.40 20.00 34.20 20.00 2012 - 2020 percent Quarterly
NSA

Albania Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.50 11.90 22.30 11.60 percent [+]
Employed Persons 1105.00 1134.00 1162.00 892.00 Thousand [+]
Unemployed Persons 85.00 67.00 301.00 64.00 Thousand [+]
Labor Force Participation Rate 68.10 69.60 69.80 57.90 percent [+]
Wages 54149.00 53232.00 54149.00 3084.00 ALL/Month [+]
Minimum Wages 26000.00 26000.00 26000.00 1200.00 ALL/Month [+]
Population 2.86 2.87 3.37 1.58 Million [+]
Retirement Age Women 60.67 60.50 60.67 50.00 [+]
Retirement Age Men 65.00 65.00 65.00 55.00 [+]
Youth Unemployment Rate 21.40 20.00 34.20 20.00 percent [+]
Employment Rate 59.60 61.40 61.60 47.10 percent [+]