Unemployment Rate in Cuba increased to 1.80 percent in 2022 from 1.50 percent in 2021. Unemployment Rate in Cuba averaged 4.00 percent from 1991 until 2022, reaching an all time high of 9.70 percent in 1991 and a record low of 1.20 percent in 2019. source: National Office of Statistics, Republic of Cuba
Unemployment Rate in Cuba is expected to reach 3.50 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Unemployment Rate is projected to trend around 3.30 percent in 2025, according to our econometric models.
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| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Unemployment Rate | 1.80 | 1.50 | percent | Dec 2022 |
| Population | 11.09 | 11.11 | Million | Dec 2022 |
| Wages in Manufacturing | 4266.00 | 3619.00 | CUP/Month | Dec 2022 |
| Wages | 4209.00 | 3849.00 | CUP/Month | Dec 2022 |
Cuba Unemployment Rate
In Cuba, 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 | ||
|---|---|---|---|---|---|---|---|---|
| 1.80 | 1.50 | 9.70 | 1.20 | 1991 - 2022 | percent | Yearly |
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