Unemployment Rate for the Gambia, The

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 6.50 percent as of 12/31/2024, the highest value since 12/31/2016.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.017 percentage points compared to the value the year prior.
The 1 year change in percentage points is 0.017.
The 3 year change in percentage points is 0.227.
The 5 year change in percentage points is 1.96.
The 10 year change in percentage points is -1.72.

The Serie's long term average value is 8.73 percent. It's latest available value, on 12/31/2024, is 2.24 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 +2.37.
The Serie's change in percentage points from it's maximum value, on 12/31/2007, to it's latest available value, on 12/31/2024, is -3.93.