Ver Angola

Society

Unemployment rate dropped to 30.8 percent in third quarter of last year

The unemployment rate in the country fell to 30.8 percent in the third quarter of 2024, down 4.5 percent compared to the previous three months, although it grew slightly in the age group between 15 and 24 years old, announced the INE.

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The data is contained in the quick information sheet of the Employment Survey in Angola (IEA), released this Tuesday by the National Statistics Institute (INE).

According to the INE, the unemployed population aged 15 or over was estimated at 5.4 million people, with the unemployment rate registering an increase of 0.2 percent in the 15 to 24 age group (from 56.4 to 56.6 percent) and a reduction of 4.5 percent in the population aged 15 or over (from 32.3 to 30.8 percent).

In the third quarter of 2024, in the universe of the working-age population (people aged 15 or over), 12,315,283 people declared that they worked in the reference period, in employment, self-employment or in a family business.

Another 5,482,128 people (unemployed population) had no paid or other work and were available to work in the reference period or in the following 15 days.

In Angola, 45 percent of the population is under 14 years old, 53 percent are between 15 and 64 years old and 3 percent are over 65 years old. The average age is 16.3 years.

The employment rate was estimated at 62.0 percent (35.6 percent for young people between 15 and 24 years old), being higher in rural areas and among the male population.

Around 46.3 percent of the employed population carries out their main activity in agriculture, animal production, hunting, forestry and fishing, followed by wholesale and retail trade with 23.1 percent.

In Angola, the unemployment rate is an estimated percentage based on people who do not have formal or informal employment but declare themselves available to work.

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