Spain Unemployment Rate

Last Release

Dec 31, 2023

Actual

11.76

Units In

11.84

Frequency

Quarterly

Next Release

Apr 26, 2024

Time to Release

2 Months 28 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
26.94 Mar 2013	4.41 Sep 1976	16.25 %	1976-2023	National Statistics Institute (INE)

In Spain, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Latest Updates

Spain's unemployment rate dropped to 11.76% in the fourth quarter of 2023, down from 11.84% in the previous quarter and falling short of the market consensus of 11.9%. The number of unemployed people decreased by 24.6 thousand, reaching 2.831 million, while the number of employed individuals fell by 19.0 thousand to 21.247 million. Furthermore, the labor force participation rate declined to 58.99% during the fourth quarter from 59.41% in the previous period.