
Sri Lanka: Unemployment rate forecast
* indicates monthly or quarterly data series
| Sri Lanka |
Unemployment rate forecast |
|---|---|
| Latest value | 4.40 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1990 - 2024 |
| Average | 7.61 |
| Min - Max | 4.00 - 15.90 |
| Source | International Monetary Fund |
| Available for | Data download |
The latest value from 2024 is 4.4 percent, a decline from 4.7 percent in 2023. In comparison, the world average is 6.70 percent, based on data from 107 countries. Historically, the average for Sri Lanka from 1990 to 2024 is 7.61 percent. The minimum value, 4 percent, was reached in 2012 while the maximum of 15.9 percent was recorded in 1990.
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* indicates monthly or quarterly data series
| Recent values | Sri Lanka: Unemployment rate forecast |
|---|---|
| 2024 | 4.40 |
| 2023 | 4.70 |
| 2022 | 4.70 |
| 2021 | 5.10 |
| 2020 | 5.50 |
| 2019 | 4.80 |
| 2018 | 4.40 |
| 2017 | 4.20 |
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 | 5.01 | 2024 | percent |
| Investment forecast | 26.96 | 2024 | percent |
| Inflation forecast | -1.54 | 2024 | percent |
| Unemployment rate forecast | 4.40 | 2024 | percent |
| Current account forecast | 1.22 | 2024 | percent |