Long Term Unemployment Rate in Spain decreased to 6.10 percent in the third quarter of 2018 from 6.60 percent in the second quarter of 2018. Long Term Unemployment Rate in Spain averaged 7.30 percent from 1992 until 2018, reaching an all time high of 13.60 percent in the first quarter of 2014 and a record low of 1.50 percent in the third quarter of 2007.
Long Term Unemployment Rate in Spain is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Spain to stand at 5.10 in 12 months time. In the long-term, the Spain Long Term Unemployment Rate is projected to trend around 4.70 percent in 2020, according to our econometric models.