Belgium Youth Unemployment Rate - Forecast

Youth Unemployment Rate in Belgium is expected to be 19.08 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Belgium to stand at 19.41 in 12 months time. In the long-term, the Belgium Youth Unemployment Rate is projected to trend around 19.87 percent in 2020, according to our econometric models.


Belgium Youth Unemployment Rate
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Belgium Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 6.7 6.6 6.4 6.2 5.8 5.2
Employed Persons 3946 3907 3896 3888 3879 3839
Unemployed Persons 325734 336821 340683 344358 347868 370863
Labor Force Participation Rate 67.6 67.62 67.56 67.58 67.63 67.44
Long Term Unemployment Rate 3.8 3.82 3.84 3.87 3.89 4.04
Youth Unemployment Rate 18.2 19.08 19.24 19.32 19.41 19.87
Labour Costs 110 110 111 111 111 110
Job Vacancies 142649 130058 129698 128127 124996 112503
Minimum Wages 1563 1563 1563 1563 1563 1585
Wage Growth 2.6 2.39 1.96 1.51 1.1 1.47
Population 11.37 11.44 11.44 11.44 11.44 11.56
Retirement Age Women 65 64 64 64 64 64
Retirement Age Men 60 62 62 63 63 65
Living Wage Family 1490 1530 1526 1521 1516 1543
Living Wage Individual 1030 1046 1044 1043 1041 1052
Wages 3445 3466 3470 3475 3479 3601
Wages High Skilled 3120 3071 3074 3077 3079 3047
Wages In Manufacturing 112 102 112 92.19 120 118
Wages Low Skilled 1890 1843 1844 1845 1846 1839
Productivity 100 93.71 100 112 101 101
Part Time Employment 1156 1113 1129 1126 1126 1121
Employment Change 0.3 0.4 0.4 0.7 0.7 0.4
Employment Rate 63.4 63.08 63.06 63.08 63.06 62.85
Full Time Employment 3407 3351 3342 3334 3327 3299