Unemployment Rate for Gabon

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 20.06 percent as of 12/31/2024, the lowest value since 12/31/2016.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.217 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.217.
The 3 year change in percentage points is -1.16.
The 5 year change in percentage points is -0.297.
The 10 year change in percentage points is 0.145.

The Serie's long term average value is 18.84 percent. It's latest available value, on 12/31/2024, is 1.22 percentage points higher, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2005, to it's latest available value, on 12/31/2024, is +3.15.
The Serie's change in percentage points from it's maximum value, on 12/31/2020, to it's latest available value, on 12/31/2024, is -1.21.