LU3: Combined rate of unemployment and potential labour … modelled in Europe and Central Asia: High income
Europe and Central Asia: High income: LU3: Combined rate of unemployment and potential labour … modelled was 7.48 in 2027. ▼ Falling
LU3: Combined rate of unemployment and potential labour force in Europe and Central Asia: High income, 2004–2027
Source: International Labour Organization.
Analysis
Europe and Central Asia: High income recorded 7.48 for lu3: combined rate of unemployment and potential labour force in 2027. That is the lowest value across all 24 years on record.
That represents a change of down 1.3% on the previous year and down 25.9% over ten years.
Over the whole period, lu3: combined rate of unemployment and potential labour force in Europe and Central Asia: High income peaked at 12.85 in 2013 and was at its lowest, 7.48, in 2027.
Europe and Central Asia: High income ranks 60th of 87 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
LU3: Combined rate of unemployment and potential labour … modelled in Europe and Central Asia: High income, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 12.22 | — |
| 2005 | 11.92 | -2.4% |
| 2006 | 11.23 | -5.8% |
| 2007 | 10.07 | -10.4% |
| 2008 | 9.87 | -2.0% |
| 2009 | 11.99 | +21.5% |
| 2010 | 12.3 | +2.6% |
| 2011 | 12.16 | -1.1% |
| 2012 | 12.52 | +2.9% |
| 2013 | 12.85 | +2.7% |
| 2014 | 12.39 | -3.6% |
| 2015 | 11.82 | -4.6% |
| 2016 | 11.04 | -6.6% |
| 2017 | 10.1 | -8.5% |
| 2018 | 9.26 | -8.3% |
| 2019 | 8.78 | -5.2% |
| 2020 | 9.95 | +13.3% |
| 2021 | 9.47 | -4.8% |
| 2022 | 8.14 | -14.0% |
| 2023 | 7.72 | -5.2% |
| 2024 | 7.56 | -2.0% |
| 2025 | 7.59 | +0.3% |
| 2026 | 7.58 | -0.2% |
| 2027 | 7.48 | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.22 | 9.87 | 12.22 | 6 |
| 2010s | 11.32 | 8.78 | 12.85 | 10 |
| 2020s | 8.19 | 7.48 | 9.95 | 8 |
More work & labour data for Europe and Central Asia: High income
- Labour force (ILO modelled estimates) 339,691 (2027)
- Labour force participation rate (ILO modelled estimates) 58.03 (2027)
- Persons outside the labour force (ILO modelled estimates) 245,710 (2027)
- Unemployment rate (ILO modelled estimates) 4.82 (2027)
- Labour dependency ratio 1.13 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 115,809 (2027)
- Output per worker, GDP constant 2015 US $ 71,819 (2027)
- Employment-to-population ratio (ILO modelled estimates) 55.23 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.08 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -0.4391 % change on previous year (2027)
Frequently asked questions
- What is lu3: combined rate of unemployment and potential labour force in Europe and Central Asia: High income?
- Lu3: combined rate of unemployment and potential labour force in Europe and Central Asia: High income was 7.48 in 2027, according to International Labour Organization.
- What is the highest lu3: combined rate of unemployment and potential labour force recorded in Europe and Central Asia: High income?
- The highest recorded value was 12.85 in 2013.
- What is the lowest lu3: combined rate of unemployment and potential labour force recorded in Europe and Central Asia: High income?
- The lowest recorded value was 7.48 in 2027.
- How does Europe and Central Asia: High income rank for lu3: combined rate of unemployment and potential labour force?
- Europe and Central Asia: High income ranks 60th out of 87 groups with data for 2027.
- Is lu3: combined rate of unemployment and potential labour force rising or falling in Europe and Central Asia: High income?
- Over the last ten years it is down 25.9%. The long-run trend across the full record is falling.
- Where does this Europe and Central Asia: High income data come from?
- The figures come from International Labour Organization, published as part of LU3: Combined rate of unemployment and potential labour force (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. LU3 represents the share of the extended labour force that are in unemployment or the potential labour force. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.