Unemployment Rate Evolution in Algeria from 1990 to 2016

Unemployment Rate Evolution in Algeria from 1990 to 2016

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TGM StatBox. (2024). Unemployment Rate Evolution in Algeria from 1990 to 2016. TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Algeria
Published date: 2024
Note: The Unemployment Rate, as defined by World Development Indicators, is the percentage of the labor force that is without work but is actively seeking employment and available to start work.
Key Takeaways
From 1990 to 2016, Algeria’s unemployment rate experienced significant fluctuations driven by economic and social shifts. In the early 1990s, civil unrest and economic challenges pushed unemployment up to a peak of 31.8% in 1995. Gradual improvements in political stability and economic reforms led to a steady decline, reaching 10.0% by 2010. However, from 2012 onwards, unemployment hovered between 9.8% and 11.2%, impacted by lower oil prices, which heavily influence Algeria’s economy. The reduction to 10.2% in 2016 reflects ongoing governmental efforts to diversify the economy, though structural unemployment remains a key issue for growth.

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