Spain's unemployment rate edged down to 16.13 percent in the fourth quarter of 2020 from a 2-1/2 year high of 16.26 percent in the previous period and below market expectations of 16.6 percent. The rate does not include furloughed workers, meaning the true figure could be significantly higher. The number of unemployed people decreased by 3.1 thousand to 3.720 million and employment rose by 167.4 thousand to 19.344 million. The jobless rate stood at 13.78 percent in the fourth quarter of 2019. source: National Statistics Institute (INE)
Unemployment Rate in Spain averaged 16.45 percent from 1976 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Unemployment Rate in Spain is expected to be 19.10 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 18.20 in 12 months time. In the long-term, the Spain Unemployment Rate is projected to trend around 16.00 percent in 2022, according to our econometric models.