Andorra Unemployment Rate
Unemployment as % of total labor force SL.UEM.TOTL.ZS
Andorra's unemployment rate was 1.48% in 2024, ranked 11th globally. This represents a 3.3% decrease from 2023. Data from World Bank, covering 2010–2024.
Overview
Andorra's unemployment rate stood at 1.48% in 2024, a decline of +0.05pp from 2023. The IMF projects 1.60% by 2025. Andorra ranked 11th globally.
Andorra’s unemployment rate has fallen sharply over the past 15 years, declining from 3.00 % in 2010 to a historic low of 1.48 % in 2024, the lowest figure recorded since the series began and the eleventh‑lowest globally according to World Bank data. The sharpest reversal occurred after the all‑time peak of 6.22 % in 2013, when the small economy was hit by the lingering effects of the European sovereign‑debt crisis and a contraction in tourism. Since then, structural reforms, a diversified service sector and a steady inflow of cross‑border commuters have helped sustain job creation, keeping the labour market tight. The current rate is comparable to those of other low‑unemployment jurisdictions such as Solomon Islands (1.44 %) and Timor‑Leste (1.52 %). Barring a major external shock to tourism or a sudden fiscal tightening, the unemployment rate is likely to remain near the 2024 trough, with only modest fluctuations expected in the near term.
Data & projection
| Year | Unemployment Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 1.60% | - | - |
| 2029* IMF | 1.60% | - | - |
| 2028* IMF | 1.60% | - | - |
| 2027* IMF | 1.60% | - | - |
| 2026* IMF | 1.60% | - | - |
| 2025* IMF | 1.60% | - | - |
| 2024 | 1.48% | −0.05pp | #11 |
| 2023 | 1.53% | −0.58pp | #10 |
| 2022 | 2.10% | −1.18pp | #18 |
| 2021 | 3.28% | +0.35pp | #32 |
| 2020 | 2.93% | +0.85pp | #26 |
| 2019 | 2.08% | +0.30pp | #19 |
| 2018 | 1.78% | −0.58pp | #15 |
| 2017 | 2.35% | −0.95pp | #20 |
| 2016 | 3.30% | −0.58pp | #39 |
| 2015 | 3.88% | −1.43pp | #49 |
| 2014 | 5.30% | −0.93pp | #80 |
| 2013 | 6.23% | +0.27pp | #92 |
| 2012 | 5.95% | +2.28pp | #87 |
| 2011 | 3.68% | +0.68pp | #46 |
| 2010 | 3.00% | – | #27 |
Analysis
Andorra's unemployment rate was 1.48% in 2024, a decline of −0.05pp from 2023. IMF projects 1.60% by 2025.
Frequently Asked Questions
Andorra's unemployment rate was 1.48% in 2024. Ranked 11th globally. This represents a 3.3% decrease from the previous year.
Andorra's unemployment rate peaked at 6.23% in 2013.
The lowest unemployment rate in Andorra was 1.48% in 2024.
Andorra ranks 11th globally in unemployment rate as of 2024.
The World Bank indicator code is SL.UEM.TOTL.ZS. Data sourced from World Bank.
Andorra's unemployment rate is projected to reach 1.60% by 2025 based on IMF projection.
The unemployment rate of Andorra in 2024 was 1.48%. This ranks 11th in the world.
Cite this page
@misc{historysaid_andorra_unemployment-rate,
title = {Andorra Unemployment Rate},
url = {https://historysaid.com/andorra/unemployment-rate/},
publisher = {HistorySaid},
year = {2026}
}