Unemployment Rate in Papua New Guinea decreased to 2.70 percent in 2023 from 2.80 percent in 2022. Unemployment Rate in Papua New Guinea averaged 2.63 percent from 1991 until 2023, reaching an all time high of 3.20 percent in 2021 and a record low of 2.00 percent in 2010. source: Papua New Guinea National Statistics Office

Unemployment Rate in Papua New Guinea is expected to reach 2.80 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Papua New Guinea Unemployment Rate is projected to trend around 2.90 percent in 2025, according to our econometric models.

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Papua New Guinea Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 2.70 2.80 percent Dec 2023
Minimum Wages 140.80 140.80 PGK/Week Sep 2023
Population 10.14 9.95 Million Dec 2022

Papua New Guinea Unemployment Rate
In Papua New Guinea, 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
2.70 2.80 3.20 2.00 1991 - 2023 percent Yearly