Unemployment Rate for Oman

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 3.16 percent as of 12/31/2024.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.015 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.015.
The 3 year change in percentage points is 1.26.
The 5 year change in percentage points is 1.12.
The 10 year change in percentage points is -0.288.

The Serie's long term average value is 3.75 percent. It's latest available value, on 12/31/2024, is 0.585 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2018, to it's latest available value, on 12/31/2024, is +1.36.
The Serie's change in percentage points from it's maximum value, on 12/31/2004, to it's latest available value, on 12/31/2024, is -1.57.