Unemployment Rate in Equatorial Guinea decreased to 8.50 percent in 2023 from 8.60 percent in 2022. Unemployment Rate in Equatorial Guinea averaged 7.98 percent from 1983 until 2023, reaching an all time high of 9.20 percent in 2021 and a record low of 1.30 percent in 1983. source: International Labour Organization (ILO)

Unemployment Rate in Equatorial Guinea is expected to reach 8.30 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Equatorial Guinea Unemployment Rate is projected to trend around 8.00 percent in 2025 and 7.50 percent in 2026, according to our econometric models.




Related Last Previous Unit Reference
Population 1.71 1.67 Million Dec 2023
Unemployment Rate 8.50 8.60 percent Dec 2023

Equatorial Guinea Unemployment Rate
In Equatorial Guinea, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
8.50 8.60 9.20 1.30 1983 - 2023 percent Yearly