Albania: Unemployment rate

* indicates monthly or quarterly data series

Unemployment rate

 Latest value 11.63
 Year 2022
 Measure percent
 Data availability 1991 - 2022
 Average 16.18
 Min - Max 10.31 - 30.01
 Source The World Bank
For that indicator, we provide data for Albania from 1991 to 2022. The average value for Albania during that period was 16.18 percent with a minimum of 10.31 percent in 1991 and a maximum of 30.01 percent in 1992. The latest value from 2022 is 11.63 percent. For comparison, the world average in 2022 based on 179 countries is 7.25 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Albania - Unemployment rate - recent values

Historical chart
Albania - Unemployment rate - historical chart - 1991-2022

The unemployment rate in Albania 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.

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.
Definition: Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

 Related indicators Latest value Reference Measure
 Labor force 1.38 2022 million people
 Unemployment rate 11.63 2022 percent
 Female unemployment 11.76 2022 percent
 Male unemployment 11.85 2022 percent
 Youth unemployment 26.94 2023 percent
 Labor force participation 60.18 2023 percent
 Labor force: percent female 44.31 2022 percent
 Female labor force participation 52.82 2023 percent
 Male labor force participation 67.65 2023 percent
 Self-employment 52.82 2022 percent
 Informal employment 56.70 2019 percent
 Employment 1.34 Q3/2023 million employed people
 Unemployment rate 10.54 Q3/2023 percent
 Labor cost 155.54 Q3/2023 index points
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