Unemployment Rate: San Marino

Analysis# San Marino Unemployment Rate San Marino's unemployment rate stands at 4.5% in 2026, reflecting a substantial recovery from its economic downturn. The nation peaked at 9.2% unemployment in 2015, nearly triple the all-time low of 3% recorded in 2007. Since 2001, the overall jobless rate has declined by 28.6%, indicating significant long-term labor market improvement despite cyclical fluctuations. The most dramatic shift occurred between 2015 and 2022, when unemployment fell from 9.2% to 5.1%—a five-year contraction that demonstrates San Marino's economic stabilization. From 2022 onward, the rate has stabilized around 4.2-4.5%, suggesting the labor market has reached equilibrium. Current conditions position San Marino near historically healthy employment levels, with forecasts maintaining this moderate rate through 2026.