Unemployment Rate in Albania increased to 12.30 percent in the fourth quarter of 2020 from 12.10 percent in the third quarter of 2020. source: Instituti i Statistikave (INSTAT)

Unemployment Rate in Albania averaged 14.80 percent from 1993 until 2020, reaching an all time high of 22.30 percent in the fourth quarter of 1993 and a record low of 11.60 percent in the fourth quarter of 2019. This page provides - Albania Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Unemployment Rate in Albania is expected to be 14.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Albania to stand at 13.20 in 12 months time. In the long-term, the Albania Unemployment Rate is projected to trend around 12.50 percent in 2022 and 12.10 percent in 2023, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Albania Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.30 12.10 22.30 11.60 1993 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2020-06-11 11:00 AM Q1 11.9% 11.6% 12.5%
2020-09-10 10:00 AM Q2 12.5% 11.9% 14.1%
2020-12-10 01:20 PM Q3 11.6% 12.5% 13.6%
2021-04-04 12:00 PM Q4 12.3% 12.1% 12.9%
2021-06-10 11:00 AM Q1 12.3% 12.9%
2021-09-10 10:00 AM Q2
2021-12-10 11:00 AM Q3

News Stream
Albania Jobless Rate Rises to 12.5% in Q2
The unemployment rate in Albania increased to 12.5 percent in the second quarter of 2020 from 12 percent in the corresponding period of the previous year, as the coronavirus pandemic hit the labour market. The employment rate dropped to 59.6 percent from 61.4 percent in Q2 2019; and the labour force participation rate declined to 68.1 percent from 69.8 percent a year ago. Meantime, the youth unemployment rate, measuring job-seekers aged 15-29 years, went up to 21.4 percent from 20.9 percent a year earlier.
Albania Jobless Rate Falls to 11.9% in Q1
The unemployment rate in Albania decreased to 11.9 percent in the first quarter of 2020 from 12.6 percent in the corresponding month of the previous year and compared with an all-time low of 11.6 percent in the prior quarter. The employment rate increased to 61.4 percent from 60.3 percent in Q1 2019; and the labour force participation rate went up to 69.6 percent from 69 percent a year ago. Meantime, the youth unemployment rate, measuring job-seekers aged 15-29 years, dropped to 20 percent from 22.2 percent a year ago.

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