Albania Unemployment Rate  Forecast 2016-2020

Unemployment Rate in Albania is expected to be 13.80 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 13.00 in 12 months time. In the long-term, the Albania Unemployment Rate is projected to trend around 11.50 percent in 2020, according to our econometric models.

Albania Unemployment Rate
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Unemployment Rate 14.6 13.8 13.6 13.2 13 11.5 percent
Albania Unemployment Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Albania Unemployment Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Albania Unemployment Rate - was last predicted on Monday, June 26, 2017.
Albania Labour Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 14.6 13.8 13.6 13.2 13 11.5
Unemployed Persons 96 90.91 88.15 87.4 88.45 133
Employed Persons 1067 1067 1066 1067 1066 1066
Labor Force Participation Rate 65.9 65.77 65.15 64.74 64.38 63.81
Wages 56500 56400 56505 56667 57240 60667
Minimum Wages 22000 22072 22117 22150 22175 22546
Population 2.88 2.88 2.87 2.87 2.87 2.86
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Youth Unemployment Rate 26.6 26.1 25.4 25.8 24.57 23.79
Employment Rate 56.2 55.96 55.49 55.22 55.33 55.31