Unemployment Rate in Cuba decreased to 1.50 percent in 2024 from 1.70 percent in 2023. Unemployment Rate in Cuba averaged 3.91 percent from 1991 until 2024, reaching an all time high of 9.70 percent in 1991 and a record low of 1.50 percent in 2024. source: National Office of Statistics, Republic of Cuba
Unemployment Rate in Cuba is expected to reach 3.30 percent by the end of 2025, 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 2026, according to our econometric models.