Unemployment Rate for Libya

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 18.62 percent as of 12/31/2024, the lowest value since 12/31/1992.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.138 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.138.
The 3 year change in percentage points is -1.03.
The 5 year change in percentage points is -0.435.
The 10 year change in percentage points is -0.693.

The Serie's long term average value is 19.15 percent. It's latest available value, on 12/31/2024, is 0.531 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/1991, to it's latest available value, on 12/31/2024, is +0.077.
The Serie's change in percentage points from it's maximum value, on 12/31/2015, to it's latest available value, on 12/31/2024, is -1.06.