Unemployment Rate in Namibia increased to 21.70 percent in 2021 from 21.40 percent in 2020. source: World Bank

Unemployment Rate in Namibia averaged 21.04 percent from 1991 until 2021, reaching an all time high of 24.50 percent in 1997 and a record low of 16.80 percent in 2012. 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 February of 2023.

Unemployment Rate in Namibia is expected to reach 22.00 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Unemployment Rate is projected to trend around 23.00 percent in 2023 and 22.50 percent in 2024, according to our econometric models.

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Namibia Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 21.70 21.40 percent Dec 2021
Youth Unemployment Rate 46.10 43.40 percent Dec 2018
Unemployed Persons 364411.00 349383.00 Thousand Dec 2018
Labor Force Participation Rate 71.20 69.40 percent Dec 2018
Employed Persons 725742.00 676885.00 Thousand Dec 2018

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.
Actual Previous Highest Lowest Dates Unit Frequency
21.70 21.40 24.50 16.80 1991 - 2021 percent Yearly