Spain Unemployment Rate - Forecast

Unemployment Rate in Spain is expected to be 16.20 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 15.10 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.


Spain Unemployment Rate
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Spain Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 16.55 16.2 16 15.8 15.1 13.2
Employed Persons 18998 18720 18780 19189 18980 19480
Unemployed Persons 3374 3480 3440 3255 3390 3250
Unemployment Change 63.75 -42.7 -100 3.36 -38.8 -21.1
Part Time Employment 2805 2820 2813 2797 2970 3410
Full Time Employment 16193 16105 16356 16480 16200 17200
Long Term Unemployment Rate 7.1 7.9 7.7 7.31 7 5.7
Youth Unemployment Rate 36.8 36 35 34.71 34 30
Productivity 113 103 105 112 112 116
Labour Costs 96.6 98.1 103 97.05 109 114
Job Vacancies 50.88 53.49 58.51 62.88 52.47 115
Wages 1809 1837 1955 1811 2212 2699
Minimum Wages 859 859 859 859 859 920
Population 46.53 46.56 46.56 46.56 46.56 47.21
Retirement Age Women 65.42 65 65 65 65.5 65.83
Retirement Age Men 65.42 65 65 65 65.5 65.83
Labor Force Participation Rate 58.8 60.1 60.2 58.73 61 63
Living Wage Family 1100 1094 1092 1089 1720 1840
Living Wage Individual 810 768 764 760 1080 1200
Wages High Skilled 1980 1998 2000 2003 2220 2390
Wages Low Skilled 927 934 935 936 900 940
Employment Change 0.7 0.6 0.5 0.58 0.5 0.4
Employment Rate 62.57 61.9 62 62.42 62 63.4