Guatemala Unemployment Rate  Forecast


Unemployment Rate in Guatemala is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Guatemala to stand at 3.10 in 12 months time. In the long-term, the Guatemala Unemployment Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.


Guatemala Unemployment Rate
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Guatemala Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.1 3 2.7 2.7 3.1 3.4
Population 16.18 16.4 16.4 16.7 16.83 18.08
Wages High Skilled 8220 7811 7806 7809 7807 7808
Wages Low Skilled 2560 2977 2977 2977 2977 2977
Labor Force Participation Rate 61.1 62.27 62.37 62.46 62.54 63.01
Living Wage Family 3167 3192 3194 3195 3196 3197
Living Wage Individual 2089 2097 2097 2097 2097 2097