Unemployment Rate in Madagascar increased to 1.9 percent in 2020 from 1.70 percent in 2019. source: International Labour Organization (ILO)

Unemployment Rate in Madagascar averaged 3.73 percent from 1991 until 2019, reaching an all time high of 5.80 percent in 1992 and a record low of 0.60 percent in 2012. This page provides - Madagascar Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Madagascar Unemployment Rate - values, historical data and charts - was last updated on December of 2021.

Unemployment Rate in Madagascar is expected to reach 1.90 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Madagascar Unemployment Rate is projected to trend around 1.80 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Madagascar Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 1.90 1.70 percent Dec/20
Madagascar Unemployment Rate
In Madagascar, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.