La sagrada familia in Spain

Spain Unemployment

Spain Unemployment

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

Note: This chart displays Unemployment Rate for Spain from 2018 to 2017.
Source: INE.

Spain Unemployment Data

2018 2019 2020 2021 2022
Unemployment (% of active population, aop) 15.3 14.1 15.5 14.9 13.0

Unemployment rate rises in first quarter of 2024

The jobless rate rose to 12.3% in Q1 2024 from Q4 2023’s 11.8%. In absolute terms, the number of unemployed workers increased by 117,000 people to 3.0 million in Q1. Moreover, jobs were shed in Q1. The services sector shed jobs (-56,100), as did the industrial (-38,500), construction (-17,500) and agricultural (-27,600) sectors. Overall, a total of 139,700 jobs were lost from the prior quarter in Q1. For its part, the workforce fell by 22,700 people in Q1 to a total of 24.2 million.

Consensus Forecasts and Projections for the next ten years

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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