Australia: Unemployment rate forecast
* indicates monthly or quarterly data series
Australia |
Unemployment rate forecast |
---|---|
Latest value | 4.55 |
Year | 2028 |
Measure | percent |
Data availability | 1980 - 2028 |
Average | 6.42 |
Min - Max | 3.69 - 10.88 |
Source | International Monetary Fund |
The latest value from 2028 is 4.55 percent, an increase from 4.52 percent in 2027. In comparison, the world average is 6.50 percent, based on data from 99 countries. Historically, the average for Australia from 1980 to 2028 is 6.42 percent. The minimum value, 3.69 percent, was reached in 2023 while the maximum of 10.88 percent was recorded in 1993.
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Definition: The unemployment rate is the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). The series includes actual historical values for past years and forecast values for the current and the next few years.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Economic growth forecast | 2.29 | 2028 | percent |
Investment forecast | 24.16 | 2028 | percent |
Inflation forecast | 2.42 | 2028 | percent |
Unemployment rate forecast | 4.55 | 2028 | percent |
Budget balance forecast | -1.72 | 2028 | percent |
Current account forecast | -1.29 | 2028 | percent |