Unemployment Rate in Sri Lanka decreased to 5.40 percent in the second quarter of 2020 from 5.70 percent in the first quarter of 2020, which was the highest in 11 years due to the coronavirus pandemic.
Unemployment Rate in Sri Lanka averaged 7.67 percent from 1991 until 2020, reaching an all time high of 16.60 percent in the second quarter of 1992 and a record low of 3.70 percent in the fourth quarter of 2013. This page provides - Sri Lanka Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Department of Census and Statistics - Sri Lanka
Unemployment Rate in Sri Lanka is expected to be 5.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Sri Lanka to stand at 4.90 in 12 months time. In the long-term, the Sri Lanka Unemployment Rate is projected to trend around 5.10 percent in 2021 and 4.60 percent in 2022, according to our econometric models.