Labor Force Participation Rate in Spain decreased to 57.69 percent in the first quarter of 2021 from 58.19 percent in the fourth quarter of 2020. source: National Statistics Institute (INE)

Labor Force Participation Rate in Spain averaged 54.24 percent from 1976 until 2021, reaching an all time high of 60.55 percent in the third quarter of 2012 and a record low of 48.88 percent in the second quarter of 1985. This page provides - Spain Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Spain Economic Activity Rate - values, historical data and charts - was last updated on May of 2021.

Labor Force Participation Rate in Spain is expected to be 57.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Spain to stand at 57.90 in 12 months time. In the long-term, the Spain Economic Activity Rate is projected to trend around 58.50 percent in 2022 and 58.80 percent in 2023, according to our econometric models.

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Spain Economic Activity Rate

Actual Previous Highest Lowest Dates Unit Frequency
57.69 58.19 60.55 48.88 1976 - 2021 percent Quarterly
NSA

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 15.98 16.13 26.94 4.41 percent [+]
Employed Persons 19206.80 19344.30 20510.60 10949.20 Thousand [+]
Unemployed Persons 3910.63 3949.64 5040.22 79.00 Thousand [+]
Unemployment Change -39.01 -59.15 461.00 -129.30 Thousand [+]
Part Time Employment 2696.10 2799.10 2951.50 572.70 Thousand [+]
Full Time Employment 16510.60 16545.20 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 5.00 4.10 13.60 1.50 percent [+]
Youth Unemployment Rate 37.70 39.60 55.90 17.20 percent [+]
Labour Costs 99.40 96.10 108.40 66.70 points [+]
Productivity 100.20 98.80 105.20 85.10 points [+]
Job Vacancies 46.99 26.72 541.53 14.47 Thousand [+]
Wages 2061.32 1859.12 2075.43 1264.36 EUR/Month [+]
Minimum Wages 1108.33 1108.33 1108.33 485.71 EUR/Month [+]
Population 47.33 46.94 47.33 30.33 Million [+]
Retirement Age Women 65.83 65.67 65.83 65.00 [+]
Retirement Age Men 65.83 65.67 65.83 65.00 [+]
Labor Force Participation Rate 57.69 58.19 60.55 48.88 percent [+]
Wages In Manufacturing 2525.41 2442.91 2755.15 1693.90 EUR/Month [+]
Wage Growth 6.60 0.60 9.03 -7.18 percent [+]
Employment Change 1.20 3.00 3.00 -7.50 percent [+]
Employment Rate 48.47 48.81 54.73 38.36 percent [+]