Unemployment Rate for Guinea Bissau

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 2.62 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 -0.028 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.028.
The 3 year change in percentage points is -0.409.
The 5 year change in percentage points is 0.209.
The 10 year change in percentage points is -0.632.

The Serie's long term average value is 3.09 percent. It's latest available value, on 12/31/2024, is 0.473 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 +0.209.
The Serie's change in percentage points from it's maximum value, on 12/31/2000, to it's latest available value, on 12/31/2024, is -0.935.