Albania Unemployment Rate  Forecast 2016-2020

Unemployment Rate in Albania is expected to be 13.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Albania to stand at 13.00 in 12 months time. In the long-term, the Albania Unemployment Rate is projected to trend around 11.50 percent in 2020, according to our econometric models.

Albania Unemployment Rate
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Unemployment Rate 14.5 13.8 13.6 13.2 13 11.5 percent
Albania Unemployment Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Albania Unemployment Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Albania Unemployment Rate - was last predicted on Thursday, May 25, 2017.
Albania Labour Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 14.5 13.8 13.6 13.2 13 11.5
Unemployed Persons 101 80.77 73.75 69.21 69.21 122
Employed Persons 1052 1050 1048 1049 1049 1049
Labor Force Participation Rate 65.7 64.3 63.73 63.22 63.1 64.14
Wages 54600 55244 55455 55634 55865 58177
Minimum Wages 22000 22141 22181 22211 22257 22698
Population 2.88 2.88 2.87 2.87 2.87 2.86
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Youth Unemployment Rate 28.1 26.53 25.88 26.45 25.42 24.85
Employment Rate 56.2 55.96 55.49 55.22 55.33 55.31