Unemployment Rate for Belgium

Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The statistic "Unemployment Rate" stands at 5.49 percent as of 12/31/2024, the lowest value since 12/31/2020.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.04 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.04.
The 3 year change in percentage points is -0.76.
The 5 year change in percentage points is 0.124.
The 10 year change in percentage points is -3.04.

The Serie's long term average value is 7.47 percent. It's latest available value, on 12/31/2024, is 1.98 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2019, to it's latest available value, on 12/31/2024, is +0.124.
The Serie's change in percentage points from it's maximum value, on 12/31/1994, to it's latest available value, on 12/31/2024, is -4.16.