Unemployment Rate in Dominican Republic decreased to 5.70 percent in the first quarter of 2020 from 5.90 percent in the fourth quarter of 2019.

Unemployment Rate in Dominican Republic averaged 11.53 percent from 2000 until 2020, reaching an all time high of 19.70 percent in the third quarter of 2004 and a record low of 5.10 percent in the fourth quarter of 2017. This page provides - Dominican Republic Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Unemployment Rate in Dominican Republic is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Dominican Republic to stand at 6.30 in 12 months time. In the long-term, the Dominican Republic Unemployment Rate is projected to trend around 6.30 percent in 2021 and 5.90 percent in 2022, according to our econometric models.

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Dominican Republic Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.70 5.90 19.70 5.10 2000 - 2020 percent Quarterly

Dominican Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.70 5.90 19.70 5.10 percent [+]
Population 10.36 10.27 10.36 3.31 Million [+]
Labor Force Participation Rate 63.40 65.40 66.40 61.40 percent [+]
Employment Rate 59.80 61.50 61.50 45.00 percent [+]

Dominican Republic Unemployment Rate
In Dominican Republic, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.