The unemployment rate 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 2008 financial crisis, the country’s unemployment rate ranged within 10 percent. In fact, the lowest rate ever recorded was at 8.57 percent during the last 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.
The social group most affected by the financial situation and the job crisis that it caused was the younger generation. Even to this day, youths aged 16 to 24 years are the age group that most struggle to find a job in Spain. On the other side of the spectrum, professionals aged 40 to 44 years had the lowest unemployment rate in the country at about 11.5 percent. Beyond Spanish borders, only one European country overtakes Spain in terms of the youth unemployment rate, that is, the working age population under 25 years old. As of 2020, Greece’s national youth unemployment rate stood at approximately 36 percent, in comparison to 30.6 percent registered in Spain. 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.
At a regional level, Andalusia and Extremadura are the Spanish autonomous communities that are most affected by unemployment. The out-of-work population in these two southern areas stood at over 20 percent in the last quarter of 2019. When looking at various economic sectors, services is the professional area that has the highest unemployment rates on record. In 2019, the number of people without a job in this sector reached almost 1.2 million, whereas other sectors registered steady figures under 200 thousand.
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.
In the following 3 chapters, you will quickly find the 18 most important statistics relating to "Unemployment in Spain".