Unemployment Rate for Namibia

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 19.15 percent as of 12/31/2024, the lowest value since 12/31/2015.
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 -1.77.
The 5 year change in percentage points is -0.773.
The 10 year change in percentage points is 0.627.

The Serie's long term average value is 20.85 percent. It's latest available value, on 12/31/2024, is 1.70 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2012, to it's latest available value, on 12/31/2024, is +2.38.
The Serie's change in percentage points from it's maximum value, on 12/31/1997, to it's latest available value, on 12/31/2024, is -5.30.