The youth unemployment rate in South Africa rose significantly to 58.2 percent in the third quarter of 2019 from 56.4 percent in the previous period, reaching its highest level since the first quarter of 2008. Youth Unemployment Rate in South Africa averaged 52.65 percent from 2013 until 2019, reaching an all time high of 58.20 percent in the third quarter of 2019 and a record low of 48.80 percent in the fourth quarter of 2014. source: Statistics South Africa
Youth Unemployment Rate in South Africa is expected to be 56.70 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 South Africa to stand at 53.40 in 12 months time. In the long-term, the South Africa Youth Unemployment Rate is projected to trend around 57.20 percent in 2020, according to our econometric models.