Unemployment Rate in Cuba increased to 3.87 percent in 2020 from 1.20 percent in 2019. source: National Office of Statistics, Republic of Cuba

Unemployment Rate in Cuba averaged 4.24 percent from 1991 until 2020, reaching an all time high of 9.70 percent in 1991 and a record low of 1.20 percent in 2019. This page provides - Cuba Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba Unemployment Rate - values, historical data and charts - was last updated on November of 2021.

Unemployment Rate in Cuba is expected to reach 3.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Unemployment Rate is projected to trend around 3.00 percent in 2022 and 2.20 percent in 2023, according to our econometric models.

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Cuba Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 3.87 1.20 percent Dec/20
Population 11.28 11.19 Million Dec/20
Wages In Manufacturing 1145.00 936.00 CUP/Month Dec/20
Wages 1194.00 879.00 CUP/Month Dec/20
Cuba Unemployment Rate
In Cuba, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.