Youth Unemployment Rate in Sri Lanka decreased to 19.60 percent in the third quarter of 2018 from 22.50 percent in the second quarter of 2018. Youth Unemployment Rate in Sri Lanka averaged 24.71 percent from 1992 until 2018, reaching an all time high of 38.10 percent in the first quarter of 1994 and a record low of 15.40 percent in the fourth quarter of 2015.
Youth Unemployment Rate in Sri Lanka is expected to be 21.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Sri Lanka to stand at 21.50 in 12 months time. In the long-term, the Sri Lanka Youth Unemployment Rate is projected to trend around 20.90 percent in 2020, according to our econometric models.