Unemployment Rate in Papua New Guinea increased to 2.70 percent in 2020 from 2.40 percent in 2019. source: Papua New Guinea National Statistics Office

Unemployment Rate in Papua New Guinea averaged 2.58 percent from 1991 until 2020, reaching an all time high of 2.90 percent in 2000 and a record low of 2.40 percent in 2007. This page provides - Papua New Guinea Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea Unemployment Rate - values, historical data and charts - was last updated on September of 2021.

Unemployment Rate in Papua New Guinea is expected to reach 3.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Papua New Guinea Unemployment Rate is projected to trend around 2.90 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Papua New Guinea Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.40 2.90 2.40 1991 - 2020 percent Yearly

Papua New Guinea Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.70 2.40 2.90 2.40 percent [+]
Minimum Wages 140.80 140.80 140.80 22.96 PGK/Week [+]
Population 8.95 8.78 8.95 2.26 Million [+]

Papua New Guinea Unemployment Rate
In Papua New Guinea, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.