Although one can expect this figure to also be a conservative estimate, but it is threading on the border of hyperinflation. About half of these unemployed youth are college educated. Unemployment Rate in Iran averaged 11.69 percent from 2001 until 2019, reaching an all time high of 14.70 percent in the first quarter of 2002 and a record low of 9.50 percent in the fourth quarter of 2008. The International Labor Organization’s World Employment and Social Outlook: Trends 2019 reported that the world’s unemployment rate dropped below 5% in 2018, the lowest since the 2008 financial crisis. This area is approximately 251% … This page provides forecast and historical data, charts, statistics, news and updates for Iran Unemployment Rate. Four out of five jobs created in Iraq in recent years are in the public sector, according to the World Bank. Iraq unemployment rate for 2017 was 13.02%, a 2.2% increase from 2016. Economic implications of lifting sanctions on Iran (English) Abstract. Unemployment, total (% of total labor force) (modeled ILO estimate) from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Iranʼs GDP growth in 2017/18 eased considerably as the effect of large surge in oil revenues in the previous year dissipated. Unemployment Rate in Iran decreased to 10.40 percent in the third quarter of 2019 from 10.90 percent in the second quarter of 2019. According to World Bank statistics, unemployment in Iran was 11.26 percent in 2016, 11.06 percent in 2015 and 10.57 percent in 2014. World Development Indicators: Show Metadata Links. Iran and the Permanent Members of the UN Security Council and Germany (P5 1) reached a deal on July 14, 2015 that limits Iranian nuclear activity in return for lifting all international sanctions that were placed on Iran. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Unemployment Rate in Iran decreased to 10.40 percent in the third quarter of 2019 from 10.90 percent in the second quarter of 2019. Unemployment Rate in Iran averaged 11.69 percent from 2001 until 2019, reaching an all time high of 14.70 percent in the first quarter of 2002 and a record low of 9.50 percent in the fourth quarter of 2008.
The World Bank projects slight positive economic growth for Iran … Unemployment rate forecast, 2020 - Country rankings: The average for 2020 based on 100 countries was 9.47 percent.The highest value was in South Africa: 35.31 percent and the lowest value was in Thailand: 1.1 percent. And in its 2019 budget, the government proposed $52 billion in salaries, pensions, and social security for its workers—a 15 percent jump from 2018 and more than half the total budget. No claims are made regarding the accuracy of Unemployment rate information contained here. The unemployment rate meanwhile rose from 14.5% in 2018 to 16.8% in 2019. The WB has also revised upwards its estimate of Iran’s inflation, saying that in April it reached 52 percent.