is one of the indicators most commonly used to analyze the prosperity and economic situation of a country. In current times, it also constitutes one of the most serious problems Spanish society must face. Before the
ranged within 10 percent. In fact, the lowest rate ever recorded was at 7.93 percent during the second quarter of 2007. This, however, did not last long, since the rate ballooned to such an extent during the financial crisis that it did not go below 20 percent from 2010 to 2016.
Youth unemployment
The social group most affected by the financial situation and the job crisis that it caused was the younger generation. To this day, young people between the ages of 16 and 24 years are the
age group that hast the most difficulty finding a job in Spain. On the other side of the spectrum, professionals aged 45 to 49 years had the lowest unemployment rate in the country at about 9.33 percent. Within the EU, Spain has overtaken all other European countries in terms of
youth unemployment, that is, the working-age population under 25 years of age. As of 2023, Spain ranked first after many years behind Greece, whose national youth unemployment rate stood at approximately 22.5 percent, compared to 26.8 percent registered in the former. The poor job markets in these countries have encouraged many young people to
migrate to other European states that could potentially offer better career prospects.
Unemployment most prominent areas
At a regional level,
Andalusia, Balearic Islands and Extremadura are the Spanish autonomous communities that are most affected by unemployment. The out-of-work population in these three areas stood at over 15 percent in the first quarter of 2024. When looking at various
economic sectors, services is the professional area that has the highest unemployment rates on record. In 2023, the number of people without a job in this sector reached over one million, whereas other sectors registered steady figures under 150,000.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
