
Bhutan: Unemployment rate forecast
* indicates monthly or quarterly data series
| Bhutan |
Unemployment rate forecast |
|---|---|
| Latest value | 3.50 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2003 - 2023 |
| Average | 3.30 |
| Min - Max | 1.80 - 5.90 |
| Source | International Monetary Fund |
| Available for | Data download |
The latest value from 2023 is 3.5 percent, a decline from 5.9 percent in 2022. In comparison, the world average is 6.77 percent, based on data from 109 countries. Historically, the average for Bhutan from 2003 to 2023 is 3.3 percent. The minimum value, 1.8 percent, was reached in 2003 while the maximum of 5.9 percent was recorded in 2022.
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* indicates monthly or quarterly data series
| Recent values | Bhutan: Unemployment rate forecast |
|---|---|
| 2023 | 3.50 |
| 2022 | 5.90 |
| 2021 | 4.80 |
| 2020 | 5.03 |
| 2019 | 2.72 |
| 2018 | 3.40 |
| 2017 | 3.14 |
| 2016 | 2.10 |
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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth forecast | 6.44 | 2030 | percent |
| Investment forecast | 44.70 | 2030 | percent |
| Inflation forecast | 4.00 | 2030 | percent |
| Unemployment rate forecast | 3.50 | 2023 | percent |
| Current account forecast | -19.80 | 2030 | percent |