Labor Force Participation Rate in Albania decreased to 63.90 percent in the fourth quarter of 2023 from 64.50 percent in the third quarter of 2023. Labor Force Participation Rate in Albania averaged 58.37 percent from 2012 until 2023, reaching an all time high of 64.50 percent in the third quarter of 2023 and a record low of 50.80 percent in the first quarter of 2014. source: Instituti i Statistikave (INSTAT)




Related Last Previous Unit Reference
Employed Persons 1325.00 1338.00 Thousand Dec 2023
Employment Rate 57.10 57.70 percent Dec 2023
Labor Force Participation Rate 63.90 64.50 percent Dec 2023
Minimum Wages 40000.00 40000.00 ALL/Month Sep 2024
Unemployed Persons 75.00 77.00 Thousand Dec 2023
Unemployment Rate 10.70 10.50 percent Dec 2023
Wages 77669.00 75114.00 ALL/Month Sep 2024
Youth Unemployment Rate 22.00 22.00 percent Dec 2023

Albania Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.
Actual Previous Highest Lowest Dates Unit Frequency
63.90 64.50 64.50 50.80 2012 - 2023 percent Quarterly
NSA