Unemployment Rate: Andorra

Analysis# Andorra Unemployment Rate Andorra's unemployment rate stands at 1.6% in 2026, reflecting a remarkably tight labor market. This figure sits just 0.1 percentage points above the all-time low of 1.5% recorded in 2023, and remains far removed from the peak of 6.2% in 2013. Since 2010, the country has achieved a 46.7% reduction in unemployment, demonstrating sustained economic improvement over the past 16 years. The most dramatic recovery occurred between 2013 and 2019, when unemployment fell from crisis levels to below 2.2%. A temporary spike to 3.3% in 2021 reflected pandemic pressures, but the rate quickly normalized and has stabilized near historical lows since 2023. With unemployment projected to remain flat at 1.6% through 2026, Andorra's labor market shows no signs of deterioration, suggesting continued resilience in employment conditions.