Namibia: Economy Indicators
Namibia:Unemployment rate
Unemployment rate: For that indicator, the World Bank provides data for Namibia from 1991 to 2008. The average value for Namibia during that period was 22.95 percent with a minumum of 19 percent in 1991 and a maximum of 37.6 percent in 2008.
Below we provide more information about: Unemployment rate in Namibia.
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The unemployment rate in Namibia and other countries is defined as the number of unemployed people as percent of the labor force. The labor force includes the people who are either employed or unemployed, i.e. who don't have a job but are actively looking for one. The labor force does not include people who are not looking for work, children, and the retired. You can read more in the unemployment article of our global economy guide.
The unemployment rate seldom declines below 4-5 percent even during boom times. There are always people who move between different sectors of the economy or between cities. When the economy goes into recession, then unemployment can reach much higher numbers, sometimes even in the double digits.
Unemployment rate rankings for over 200 countries. Create and download charts with the country comparator.
The unemployment rate seldom declines below 4-5 percent even during boom times. There are always people who move between different sectors of the economy or between cities. When the economy goes into recession, then unemployment can reach much higher numbers, sometimes even in the double digits.
Unemployment rate rankings for over 200 countries. Create and download charts with the country comparator.
Unemployment rate: Compare Namibia to other countries
World Bank definition: Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Definitions of labor force and unemployment differ by country.
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