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Madagascar Annual Unemployment Rate

Madagascar's annual unemployment rate fell to 3.01% in 2024, down from 3.07% in 2023, according to World Bank. This represents a decrease of 0.06% from the previous year. Madagascar has annual unemployment rate lower than the global median (3.01% vs median 5.23%). Compared with the median in Africa, Madagascar is lower (3.01% vs regional median 5.55%) and ranks 40th out of 53 countries in Africa.

Yearly Historical Data (1991-2024)

(in %)
Year Annual Unemployment Rate (%)
2024 3.01%
2023 3.07%
2022 3.19%
2021 3.49%
2020 3.28%
2019 2.47%
2018 2.3%
2017 2.12%
2016 1.95%
2015 1.78%
2014 1.39%
2013 1%
2012 0.6%
2011 2.51%
2010 4.28%
2009 3.89%
2008 3.44%
2007 3.2%
2006 2.95%
2005 2.62%
2004 3.95%
2003 5.01%
2002 5.5%
2001 5.35%
2000 5.8%
1999 5.82%
1998 5.9%
1997 5.97%
1996 6.09%
1995 6.09%
1994 6.1%
1993 6.31%
1992 6.27%
1991 6.17%
Madagascar Annual Unemployment Rate : Definition
Annual Unemployment Rate measures the percentage of Madagascar's labor force that is looking for work but does not have a job.
Indicator Last Value Prior Value Period
Female Labor Force Rate 82.56% 82.56% 2024