Unemployment Rate in Sri Lanka increased to 5.10 percent in the third quarter of 2019 from 4.90 percent in the second quarter of 2019. Unemployment Rate in Sri Lanka averaged 7.74 percent from 1991 until 2019, reaching an all time high of 16.60 percent in the second quarter of 1992 and a record low of 3.70 percent in the fourth quarter of 2013. source: Department of Census and Statistics - Sri Lanka

Unemployment Rate in Sri Lanka is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Sri Lanka to stand at 4.60 in 12 months time. In the long-term, the Sri Lanka Unemployment Rate is projected to trend around 4.60 percent in 2020, according to our econometric models.

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Sri Lanka Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.10 4.90 16.60 3.70 1991 - 2019 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-04-01 07:45 AM Q4 4.6% 4.1% 4%
2019-06-28 11:00 AM Q1 4.7% 4.6% 5.00%
2019-09-30 11:00 AM Q2 4.9% 4.7% 4.6%
2019-12-31 11:00 AM Q3 5.1% 4.9% 4.50%
2020-03-31 11:00 AM Q4 5.1% 4.70%


Sri Lanka Unemployment Rate
In Sri Lanka, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Sri Lanka Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.10 4.90 16.60 3.70 percent [+]
Employed Persons 8155341.00 8203018.00 8554179.00 4962105.00 [+]
Unemployed Persons 420231.00 399784.00 953794.00 282648.00 [+]
Labor Force Participation Rate 52.20 52.60 54.70 46.90 percent [+]
Population 21.67 21.44 21.67 9.87 Million [+]
Wages High Skilled 57500.00 60800.00 60800.00 52900.00 LKR/Month [+]
Wages Low Skilled 21500.00 23500.00 23500.00 21500.00 LKR/Month [+]
Youth Unemployment Rate 20.00 21.60 38.10 15.40 percent [+]
Employment Rate 95.10 95.30 96.30 91.00 percent [+]
Living Wage Family 52100.00 52100.00 52100.00 52100.00 LKR/Month [+]
Living Wage Individual 29100.00 29100.00 29100.00 29100.00 LKR/Month [+]
Minimum Wages 10000.00 10000.00 10000.00 10000.00 LKR/Month [+]