Long Term Unemployment Rate in Spain increased to 5 percent in the third quarter of 2020 from 4.10 percent in the second quarter of 2020. source: EUROSTAT

Long Term Unemployment Rate in Spain averaged 7.15 percent from 1992 until 2020, 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. This page provides the latest reported value for - Spain Long Term Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Long Term Unemployment Rate - values, historical data and charts - was last updated on April of 2021.

Long Term Unemployment Rate in Spain is expected to be 5.92 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 6.62 in 12 months time. In the long-term, the Spain Long Term Unemployment Rate is projected to trend around 6.62 percent in 2022 and 5.52 percent in 2023, according to our econometric models.

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Spain Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.00 4.10 13.60 1.50 1992 - 2020 percent Quarterly

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 15.98 16.13 26.94 4.41 percent [+]
Employed Persons 19206.80 19344.30 20510.60 10949.20 Thousand [+]
Unemployed Persons 3949.64 4008.79 5040.22 79.00 Thousand [+]
Unemployment Change -59.15 44.44 461.00 -129.30 Thousand [+]
Part Time Employment 2696.10 2799.10 2951.50 572.70 Thousand [+]
Full Time Employment 16510.60 16545.20 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 5.00 4.10 13.60 1.50 percent [+]
Youth Unemployment Rate 39.60 39.90 55.90 17.20 percent [+]
Labour Costs 99.40 96.10 108.40 66.70 points [+]
Productivity 98.80 99.20 105.20 85.10 points [+]
Job Vacancies 26.72 36.62 541.53 14.47 Thousand [+]
Wages 2061.32 1859.12 2075.43 1264.36 EUR/Month [+]
Minimum Wages 1108.33 1108.33 1108.33 485.71 EUR/Month [+]
Population 47.33 46.94 47.33 30.33 Million [+]
Retirement Age Women 65.83 65.67 65.83 65.00 [+]
Retirement Age Men 65.83 65.67 65.83 65.00 [+]
Wages In Manufacturing 2525.41 2442.91 2755.15 1693.90 EUR/Month [+]
Wage Growth 0.60 -0.52 9.03 -7.18 percent [+]
Labor Force Participation Rate 57.69 58.19 60.55 48.88 percent [+]
Employment Change 1.20 3.00 3.00 -7.50 percent [+]
Employment Rate 48.47 48.81 54.73 38.36 percent [+]


Spain Long Term Unemployment Rate
In Spain, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.