Unemployment Rate in Namibia decreased to 19.10 percent in 2024 from 19.40 percent in 2023. Unemployment Rate in Namibia averaged 20.85 percent from 1991 until 2024, reaching an all time high of 24.50 percent in 1997 and a record low of 16.80 percent in 2012. source: World Bank
Unemployment Rate in Namibia is expected to reach 18.90 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Unemployment Rate is projected to trend around 18.50 percent in 2026 and 18.20 percent in 2027, according to our econometric models.