Unemployment in Spain
The unemployment rate in Spain averaged 18.2% in the decade to 2022, double the 9.2% average for the Euro Area. The unemployment rate in 2022 was 12.9%. For more unemployment information, visit our dedicated page.
Spain Unemployment Chart
Spain Unemployment Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Unemployment (% of active population, aop) | 14.1 | 15.5 | 14.9 | 13.0 | 12.2 |
Unemployment rate hits lowest reading since Q3 2008 in Q2
The unemployment rate fell to 11.3% in Q2 from 12.3% in Q1. Q2’s result surprised markets on the downside and marked the lowest reading since Q3 2008. The number of employed people rose by 434,700, with job gains recorded in the services, industrial, construction and agricultural sectors. Meanwhile the number of unemployed decreased by 222,600 people from Q1, and the number of people in the labor force rose by 212,100 to a total of 24.4 million.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Spanish unemployment projections for the next ten years from a panel of 32 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Spanish unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Spanish unemployment projections.
Want to get access to the full dataset of Spanish unemployment forecasts? Send an email to info@focus-economics.com.
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