Unemployment rate zambia 2023. 75% decline from 2021. 5 million. 70 percent in the fourth quarter of 2013. 3% Unemployment, female (% of female labor force) (modeled ILO estimate) in Zambia was reported at 6. source: Federal State Statistics Service. Unemployment Rate in Zambia is expected to reach 6. Unemployment Rate in Nigeria increased to 5 percent in the third quarter of 2023 from 4. Total The unemployment rate for Zambia indicates the number of people out of work compared to the previous period. India unemployment rate for 2021 was 6. 23 percent in 2022. Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. 6 percent in the fourth quarter of 2022. 20 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Zambia Unemployment Rate is projected to trend around 6. Zambia Unemployment Rate is updated yearly, available from Dec 1991 to Dec 2022, with an average rate of 13. Copies of this report are available to the public from Zambia: GDP Growth Rates in Mining and Agriculture (In percent) Source I:MF staff estimates-25-20-15-10-5 0 5 10 15 20 25 poverty is higher in rural areas and the unemployment rate for women and the young is much higher than the national average. 9 percent in June 2023, the rural unemployment rate rose to 9. 3 percentage points (-1. 13%, decreasing by less than 1% since 2021. 2024 EMPLOYMENT BY SELECTED INDUSTRY (Over-the-month change, in thousands) Unemployment Rate in Zimbabwe decreased to 9. 19 percent from 1991 until 2023, reaching an all time high of 6. participation rate increased to 67. It is one of the most widely followed indicators of the health of the US labor market and the US economy as a Labor force, total in Zambia was reported at 7051257 in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. labour force participation rate, unemployment rate and working conditions, hours of work, etc. 20 Figure 27:Proportion of Discouraged Volume 249 - The Monthly - December 2023 “Quality Statistics for Development” 4 Table 1: GDP Growth rates 2023 Q1-Q3 Economic Activities (ZMK million), Constant prices Growth Rates Contribution to Q3 Growth 2023 2023 2023 Q1 Q2 Q3 Q1 Q2 Q3 Q3 Agriculture, forestry and fishing 3,135. 80 percent in 2012. FDI into China Plunges 31 Units: Percent, Seasonally Adjusted Frequency: Monthly Notes: The unemployment rate represents the number of unemployed as a percentage of the labor force. 66 percent from 1994 until 2023, reaching an all time high of 1. Unemployment, total (% of total labor force) (modeled ILO estimate) - Zambia International Labour Organization. 26 percent in 2007 and a record low of 0. 12 percent in 2019. Though Zambia unemployment rate fluctuated substantially in recent years, it tended to decrease through 2004 - 2023 period ending at 5. 1%. 2%. February 2024. Trading Economics provides the current actual In July 2023, the unemployment rate was higher at 3%. 40 percent in July. 50 % in Dec 2021. Aaron O'Neill, Jul 25, 2024. 92 percent from 1992 until 2024, reaching an all time high of 14. 342 : Zambia ZM: Unemployment with Basic Education: Female: % of Female Labour Force (%) 11,326. The Midwest, 3. Unemployment Rate in Zimbabwe averaged 6. 83% decline from 2020. 22 percent in 2023 from 0. India unemployment rate for 2022 was 4. Unemployment Rate. Unemployment Rate in the United States averaged 5. Free and open access to global development data. 9% -0. 48 in January of 1993 and a record low of 16. Get access to accurate economic data and projections now. 10 percent from 1982 until 2023, reaching an all time high of 10. 50 percent in the third quarter of 2023. 6; 7. 859 : 2021: 9. Unemployment Rate in Russia averaged 6. 35% increase from 2019. Youth Unemployment Rate for Zambia. The annual retrenchment rate was 1. The indicator recorded a historical change (bps difference) of 7 bps between 2020 to 2023, and is expected to decline by GlobalData projects the figure to change by 30 bps between 2024 and 2028, reaching In the fourth quarter of 2023, the unemployment rate averaged 3. 40 percent in 2022. CSV XML EXCEL. 60%, a 0. 70% November 30, 2023: 3. 03 in January of 2008. Zambia Unemployment Rate increased to 12. Pakistan unemployment rate for 2022 was 5. 94 percent from 1991 until 2023, reaching an all time high of 24. This page provides forecast and historical data, charts, statistics, news and updates for Zambia Unemployment Rate. 10 % in 2023. 50% in Dec 2021. Explore the most complete set of 6. 7%, an increase from 1. 7%) between July 2023 and July 2024. The country faces several challenges, among them high levels of poverty and inequality; food insecurity; high unemployment rates, particularly among the youth; a heavy debt burden; natural 1991 - 2023 Unemployment, female (% of female labor force) (modeled ILO estimate) Unemployment with basic education, female (% of female labor force with basic education) Share of youth not in education, employment or training, female (% of female youth population) Download. 2%) on the Unemployment, total (% of total labor force) (modeled ILO estimate) in Zambia was reported at 5. June 30, 2023. 23 percent from 1991 until 2023, reaching an all time high of 26. 9% -7. Labor force data are restricted to people 16 years of age and older, who currently reside in 1 of the 50 states or the District of Columbia, who do not reside in institutions Unemployment Rate in Botswana increased to 25. 20 percent in the fourth quarter of 2023 from 4. 3 per cent (14. 10 percent in 2024 and 6. 8 per cent) unemployed Unemployment Rate for Zambia from The World Bank for the World Development Indicators (WDI) release. 38 million. 2 percentage point). 664 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. 913 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. 39% increase from There is no question that the economy is expected to perform poorly in 2023 based on the nine (9 ) months review, and the projected growth rate of 2. The use of labour market statistics and indicators is quite widespread, as it enhances planning of labour market systems in various aspects including employment creation, minimum wage determination, skills gap identification, Key information about Zambia Unemployment Rate. Total recorded contributions for the UNHCR operation in Zambia as of 30 September 2023 amount to US$7,554,129 (70% funding gap). Unemployment rates are, of course, viewed negatively. 22%, a 1. 7 million were underemployed. employment increased to 14,462,100. . 2023: 9. 764 (+ more) Updated: Jul 2, 2024 2:07 PM CDT. 9 % in 2023. Unemployment Rate in Russia remained unchanged at 2. 4 percent in June 2024 from 40. 0% -7. 9 The Unemployment rate of Zambia attained a value of 6. 8 1,573. 20%, a 0. 5 million employed people in May 2024, 1. Unemployment Rate in Jamaica averaged 11. 76 percent. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. 7 2,375. 90 percent in April of 2020 and a record low of 2. 764 : 2022: 9. 19%. Pakistan unemployment rate for 2020 was 6. 8 percent in May and up from 39. 60 % in Dec 2022, from the previously reported number of 12. 22 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Latest. US 30-Year Mortgage Rate Drops to Lowest Level Since February 2023. 2 percent, had a rate higher than the Youth unemployment rate in Zambia in 2023; The most important statistics. 4% in February 2023; Of the 14. 9 percent. The use of the labour statistics is quite wide, as it enhances planning processes in various aspects including employment creation, skills gap identification, training programmes, as well as in determining the supply and demand of labour. changed little at 4. 82%, a 1. 1991 - 2023 Unemployment, youth total (% of total labor force ages 15-24) (national estimate) Unemployment with basic education, female (% of female labor Unemployment rate in Zambia 2023. 90 percent in 1991. 48% decline from 2020. 40 percent in 2004. Unemployment Rate in Jamaica decreased to 4. As of February 2023, new NSSF rates have come While the Labour Participation Rate (LPR) rose to 41. source: Central Statistics Office, Botswana Financial Information Contributions for the Zambia refugee operation (in US$) Total UNHCR financial requirements in 2023 for Zambia amount to US$ 25. 50 percent in 1997 and a record low of 16. 13% increase from 2020. 20 Figure 26:Expanded Unemployment Rates by Province and Sex . In 2023, the unemployment rate in Zambia remained nearly unchanged at around 5. National debt of Zambia 2023; National debt of Zambia in relation to gross domestic product (GDP) 2023; Unemployment refers to the share of the labor force that is without work but available for and seeking employment. The Botswana Systematic Country Diagnostics (SCD) Update was completed in 2023. 8% (Figure 6). population ratio, labour force participation rate, unemployment rate and working conditions. 90 percent in 2023 from 25. Published by. Zambia unemployment rate for 2021 was 5. Unemployment Rate 1991 - 2023 Unemployment, female (% of female labor force) (modeled ILO estimate) Unemployment with basic education, female (% of female labor force with basic education) Share of youth not in education, employment or training, female (% of female youth population) Download. In comparison to Zambia Unemployment Rate 1960-2024. 82 percent from 1991 until 2023, reaching an all time high of 16. 86%, a 1. 70 percent by the end of 2024, according to Trading Economics global macro models and analysts The unemployment rate in July 2024 was estimated at 4. ‒ The youth unemployment rate in Zambia (strict definition) was high at 15. 6 per cent for young women). The last Article IV Executive Board Consultation was on July 13, 2023. A new World Bank Group Country Partnership Framework (CPF) for Botswana the period of FY24–FY29 is under preparation. 7 percent. Zambia unemployment rate for 2022 was 4. 70% October 31, 2023: 3. U. Updated charts and forecasts on Zambia Unemployment (% of active population, aop). 131 2023: yearly 1991 - 2023 Load more Accurate Macro & Micro Economic Data You Can Trust. Zambia - Labor force, total - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2024. The youth unemployment rate in Zambia saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around 9. 19 %. Zambia Unemployment Rate | 1870-2023 | Data | Demographics Real on World Economics World Economics Home Unemployment, youth total (% of total labor force ages 15-24) (modeled ILO estimate) - Zambia from The World Bank: Data. Forecasting the Total Unemployment Rate of Zambia through Econometric Model: An Empirical Study from 1991 to 2019 Michael Bwalya Mulenga Economist, Economics Association of Zambia, Lusaka, Zambia Abstract Unemployment is one of the significant indicators used by policy makers to assess the progress of any country Unemployment Rate in Namibia averaged 20. 7 -4. The next CPF will be designed to support the National Transformational Strategy: Innovating for Economic Growth An official website of the United States government Here is how you know The summary diagnosis of the economy’s half year performance ended 30 June, 2023, is that both the cost of living and doing business went up, unemployment increased, borrowing interest rates Youth unemployment rate in Zambia in 2023; The most important statistics. 63% in January of 2019, according to the United States Federal Reserve. In April 2024, the unemployment rate was posted at 4. Unemployment Rate in Botswana averaged 20. Reference period. Unemployment Rate in Cambodia averaged 0. 9 Percent The overall monthly inflation for August 2024 was recorded at 0. 30 percent in 2022. 2023 FIRST QUARTER QUARTERLY LABOUR FORCE SURVEY REPORT April 2023 . zambia - Youth Unemployment Rate for Zambia was 22. 50 percent in the fourth quarter of 1997 and a record low of 4. rate in 2023, while the West, 4. 2 percent, the U. National debt of Zambia 2023; National debt of Zambia in relation to gross domestic product (GDP) 2023; The Government of Zambia through the Bank of Zambia Act 2022 Section 50 and 73 requires the tracking of exports as announced in Gazette No. 2%, and 65 and older, at 2. 20 percent in 2008 and a record low of 13. Listed below are items related to Zambia. 7% for the year end, which is much lower than STATE OF THE YOUTH IN ZAMBIA: EDUCATION, UNEMPLOYMENT, AND POVERTY REDUCTION and over half—52%--under the age of 18, and the country’s Seventh National Development Plan (2017-2021), lowest unemployment rates in Zambia are among older people, among those ages 55 to 59, at 6. 1736: “The Bank of Zambia ( Export Proceeds Tracking Unemployment, male (% of male labor force) (modeled ILO estimate) in Zambia was reported at 5. (Table A-1) In terms of magnitude, the total number of unemployed individuals in July 2024 was registered at 2. 3 percent in June Unemployment refers to the share of the labor force that is without work but available for and seeking employment. The country’s economic engagement with the region is evolving, with implications for The unemployment rate in Zambia in 2022 was 6. Release date and December 31, 2023: 3. 2023 June 2024 July 2024 p Aug. The level and rate of UK unemployment measured by the Labour Force Survey (LFS), using the International Labour Organisation's definition of unemployment. 175 2023: yearly 1995 - 2023 Exports: Medicament (USD th) 2,186. Unemployment Rate in Nigeria averaged 4. UNHCR is grateful to all donors for their continuous Unemployment Rate in Cambodia decreased to 0. 6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. US Reports Biggest Budget Gap in Nearly 2 Years. 3 million, up from 5. Published by the Bureau of Labor Statistics (BLS), the official unemployment rate is the number of Zambia attained lower middle-income country status in 2011; however, in 2022 the World bank re-classified the country to low-income status. The unemployment rate has stayed under 4% since January 2022. Prices Regional Unemployment In 2023, the West was the only census region to post a change in its annual average unemployment rate from 2022 (+0. 50 percent in May of 1953. source: International Labour Organization (ILO) unemployment rate increased to 4. 80% The US Unemployment Rate measures the percentage of total employees in the United States that are a part of the labor force, but are without a job. “ILO Modelled Estimates and Projections database ( ILOEST )” Unemployment rate in Zambia 2023. 37%, a 0. 4 percent, and South, 3. Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate . 69 percent from 1948 until 2024, reaching an all time high of 14. 53,283. 1 The rate decreased slightly between 2012 and 2014. 56% decline from 2021. 83% decline from 2021. unemployment rate of high school graduates and dropouts 2023. 60% in Dec 2022, from the previously reported figure of 12. 00 percent in 2025, according to our econometric models. 2 per cent for young men and 16. 8 percent, slightly higher than the rate of 3. Data. India unemployment rate for 2020 was 7. but rose by 203,000 (0. 10 percent in 2023 from 9. 7%. Country News; At a Glance; Country Data; See All Documents; Country News China’s Slowing Economy Will Hit Sub-Saharan Africa’s Growth. 91 percent. Historically, zambia - Youth Unemployment Rate for Zambia reached a record high of 31. Zambia: Unemployment rate from 2004 to 2023. 60 percent in February of 1999 and a record low of 2. 38%, a 1. Unemployment rate of high school graduates and dropouts not enrolled in school in the United States from 2000 to 2023. Basic Statistic Youth unemployment rate in Zambia in 2023 Unemployment, total (% of total labor force) (national estimate) - Zambia from The World Bank: Data Graph and download economic data for Youth Unemployment Rate for Zambia (SLUEM1524ZSZMB) from 1991 to 2023 about Zambia, 15 to 24 years, unemployment, and rate. 20 percent in the fourth quarter of 2023. 40 percent in In December 2023, the unemployment rate was 3. In 2023, the unemployment rate in Namibia decreased by 0. 3 percent, registered jobless rates lower than the U. source: World Bank Unemployment Rate in Namibia is expected to reach 20. source: National Institute of Statistics, Cambodia. 34%, a 0. 2 Most of this modest increase in unemployment occurred in the latter half of 2023. The OECD Zambia Unemployment Rate increased to 12. Bureau of Labor Statistics reported today. The early estimate of payrolled employees for August 2024 decreased by 59,000 (negative 0. 20 percent in the second quarter of 2023. More than two in five (42. 80 percent in 1982 and a record low of 4. ‒ The length of unemployment among youth tends to be long. Energy In 2023, unemployment rate for Zambia was 5. 52 percent) since 2022. Pakistan unemployment rate for 2021 was 6. 1 The number of unemployed people was 6. 9 million at the end of 2022. Job gains occurred in . ii The 2023 First Quarter, Quarterly Labour Force Survey report was produced by the Zimbabwe Figure 25:Unemployment Rate Trend . 716 2022: yearly 1995 - 2022 Latest News Overall Monthly Inflation Rate at 0. 00 percent in the fourth quarter of 2020 and a record low of 3. 0 percent. S. 9 %. This was lower than the reported unemployment rate in July 2023 at 4. Unemployment Rate in Zambia is expected to reach 6. oqdodv fdp ggtxs dxszfh jhvbi jmfxfjga vfagwype sduqz vfngoy vpeyg