Unemployment Rate in Guinea Bissau decreased to 2.60 percent in 2024 from 3.10 percent in 2023. Unemployment Rate in Guinea Bissau averaged 3.27 percent from 1991 until 2024, reaching an all time high of 3.80 percent in 1999 and a record low of 2.60 percent in 2024. source: International Labor Organization (ILO)
Unemployment Rate in Guinea Bissau is expected to reach 2.80 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guinea Bissau Unemployment Rate is projected to trend around 3.00 percent in 2026 and 3.20 percent in 2027, according to our econometric models.