Unemployment Rate in Spain decreased to 14.45 percent in the fourth quarter of 2018 from 14.55 percent in the third quarter of 2018. Unemployment Rate in Spain averaged 16.53 percent from 1976 until 2018, reaching an all time high of 26.94 percent in the first quarter of 2013 and a record low of 4.41 percent in the third quarter of 1976.

Unemployment Rate in Spain is expected to be 14.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Spain to stand at 14.10 in 12 months time. In the long-term, the Spain Unemployment Rate is projected to trend around 12.40 percent in 2020, according to our econometric models.

Spain Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-26 07:00 AM Unemployment Rate 16.74% 16.55% 16.2% 16.4%
2018-07-26 07:00 AM Unemployment Rate 15.3% 16.74% 15.8% 15.6%
2018-10-25 07:00 AM Unemployment Rate 14.6% 15.3% 14.9% 15.1%
2019-01-29 08:00 AM Unemployment Rate 14.45% 14.6% 14.5% 14.9%
2019-04-25 07:00 AM Unemployment Rate 14.45% 14.7%
2019-07-25 07:00 AM Unemployment Rate 14.5%
2019-10-24 07:00 AM Unemployment Rate 14.2%



Spain Jobless Rate Falls to 10-Year Low

The unemployment rate in Spain fell to 14.45 percent in the last quarter of 2018 from 14.55 in the previous period and slightly below market expectations of 14.5 percent. It remained the lowest jobless rate since the fourth quarter of 2008. Among regions, the lowest rates were recorded in País Vasco (9.6 percent), Cantabria (9.7 percent) and Comunidad Foral de Navarra (10 percent) and the highest in Extremadura (23.1 percent), Andalucía (21.3 percent) and Canarias (20 percent). In Catalonia, jobless rate was 11.8 percent and in Madrid 11.5 percent.

The number of unemployed people dropped by 21,700 to 3.304 million, with the highest decreases seen in Andalucía (-63,900), Comunitat Valenciana (-27,800) and Comunidad de Madrid (-6,300). By age, most declines were seen for those aged 16-19 (-17,600); those aged 20-24 (-8,200) and those aged 25-54 (-30,300). On the other hand, unemployment among people aged with more than 55 went up by 34,400. 

Employment increased by 36,600 thousand to 19.565 million. Job gains were registered in agriculture (+57,200), construction (+39,800) while the service (-43,000) and industry sector (-17,400) lost jobs. Employment in the public sector rose by 43,400 to 3.211 million while in the private dropped by 6,900 million to 16.354 million. Among regions, Andalucía (+57,500), Comunidad de Madrid (43,900) and Castilla – La Mancha (+12,400) added the most jobs.

The number of active people advanced by 14,900 thousand to 22.869 million.


INE | Stefanie Moya | stefanie.moya@tradingeconomics.com
1/29/2019 8:31:15 AM



Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.45 14.55 26.94 4.41 percent [+]
Employed Persons 19564.60 19528.00 20510.60 10949.20 Thousand [+]
Unemployed Persons 3179.25 3189.70 4889.46 468.29 Thousand [+]
Unemployment Change 3.30 83.50 461.01 -129.30 Thousand [+]
Part Time Employment 2894.80 2713.80 2899.70 572.70 Thousand [+]
Full Time Employment 16669.80 16814.20 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 6.10 6.60 13.60 1.50 percent [+]
Youth Unemployment Rate 32.60 32.70 55.90 17.20 percent [+]
Productivity 109.80 111.70 112.80 85.70 Index Points [+]
Labour Costs 98.40 102.40 105.70 66.70 Index Points [+]
Job Vacancies 54.51 47.16 541.53 19.61 Thousand [+]
Wages 2039.01 1842.62 2039.01 1264.36 EUR/Month [+]
Minimum Wages 1050.00 858.55 1050.00 485.71 EUR/Month [+]
Population 46.66 46.53 46.82 30.33 Million [+]
Retirement Age Women 65.50 65.42 65.50 65.00 [+]
Retirement Age Men 65.50 65.42 65.50 65.00 [+]
Labor Force Participation Rate 58.61 58.73 60.55 48.88 percent [+]
Living Wage Family 1150.00 1120.00 1150.00 1060.00 EUR/Month [+]
Living Wage Individual 855.00 820.00 855.00 770.00 EUR/Month [+]
Wages High Skilled 1990.00 1990.00 2120.00 1990.00 EUR/Month [+]
Wages Low Skilled 932.00 894.00 1150.00 894.00 EUR/Month [+]
Employment Change 0.70 0.40 1.80 -2.30 percent [+]
Employment Rate 64.00 64.01 67.18 54.91 percent [+]


Spain Unemployment Rate

In Spain, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Spain Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
14.45 14.55 26.94 4.41 1976 - 2018 percent Quarterly




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.00 Jan/19
Italy 10.50 Jan/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Jan/19
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Feb/19
Indonesia 5.34 Sep/18
Australia 4.90 Feb/19
Russia 4.90 Feb/19
United Kingdom 3.90 Jan/19
China 3.80 Dec/18
United States 3.80 Feb/19
South Korea 3.70 Feb/19
Mexico 3.60 Jan/19
Netherlands 3.40 Feb/19
Germany 3.20 Jan/19
Switzerland 2.70 Feb/19
Japan 2.50 Jan/19
Singapore 2.20 Dec/18


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