Spain Unemployment Rate  Forecast


Unemployment Rate in Spain is expected to be 16.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Spain to stand at 15.80 in 12 months time. In the long-term, the Spain Unemployment Rate is projected to trend around 13.20 percent in 2020, according to our econometric models.


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Spain Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 17.22 16.4 16.2 16 15.8 13.2
Employed Persons 18813 18760 18720 18780 19205 19480
Unemployed Persons 3410 3510 3480 3440 3213 3250
Unemployment Change 27.86 -41.9 -42.7 -100 5.58 -21.1
Part Time Employment 2870 2950 2844 2843 2839 3410
Full Time Employment 15943 15820 15965 16183 16206 17200
Long Term Unemployment Rate 8.6 8.2 7.9 7.7 7.31 5.7
Youth Unemployment Rate 38.7 37 36 35 38.72 30
Labour Costs 102 105 98.1 103 96.61 114
Productivity 106 110 103 105 111 116
Job Vacancies 44.8 38.56 56.51 61.19 65.67 115
Wages 1942 2068 1833 1957 1800 2699
Minimum Wages 826 826 850 873 876 845
Population 46.53 46.53 46.56 46.56 46.56 47.21
Retirement Age Women 65.42 65.42 65.44 65.45 65.47 65.83
Retirement Age Men 65.42 65.42 65.44 65.45 65.47 65.83
Employment Change 0.9 0.6 0.6 0.5 0.69 0.4
Employment Rate 62.04 61.8 61.9 62 61.85 63.4
Wages High Skilled 2110 2160 2058 2057 2056 2390
Wages Low Skilled 876 889 860 860 860 940
Labor Force Participation Rate 58.84 60 60.1 60.2 58.71 63
Living Wage Family 1049 1660 1006 1006 1006 1840
Living Wage Individual 871 920 835 835 835 1200