Unemployment forecast · World Bank data
Brazil unemployment forecast
Unemployment (% of labor force, ILO modeled)
Latest · 2025
6.0%
The unemployment rate in Brazil is forecast at 5.9% in 12 months (2026), with an 80% range of 4.7% to 7.9%. The latest World Bank figure is 6.0% for 2025.
In 24 months (2027) and 36 months (2028) the model projects 6.3% and 6.6% (+0.6 pp versus 2025).
Display-only line. World Bank data is annual: the forecasts are the yearly points marked on the chart. The monthly line between them is a straight-line interpolation for display, not a monthly forecast.
- 6 monthsinterpolated · display only
- 6.0%■ 0.0 pp80%: 5.3% – 6.9%
- 12 months2026
- 5.9%■ 0.0 pp80%: 4.7% – 7.9%
- 24 months2027
- 6.3%▲ +0.3 pp80%: 4.6% – 8.7%
- 36 months2028
- 6.6%▲ +0.6 pp80%: 4.6% – 9.4%
Backtest · last 5 years
How accurate has this been?
| Horizon | Tests | Avg. error | Naive error | In 80% range |
|---|---|---|---|---|
| 12 months | 5 | 1.39 pp | 1.55 pp | 80% |
| 24 months | 4 | 3.17 pp | 3.52 pp | 25% |
| 36 months | 3 | 4.49 pp | 5.12 pp | 0% |
We re-ran the model as if standing at past dates, using only the data available then. Avg. error is the mean absolute gap between the median and what happened (percentage points); naive assumes no change from the last value. A well-calibrated 80% range contains about 80% of outcomes. Annual series have few test points, so treat these as rough. Methodology
Source data
Recent values
| Year | Value | Change |
|---|---|---|
| 2025 | 6.0% | −0.83 pp |
| 2024 | 6.8% | −1.15 pp |
| 2023 | 7.9% | −1.28 pp |
| 2022 | 9.2% | −3.93 pp |
| 2021 | 13.2% | −0.54 pp |
| 2020 | 13.7% | +1.76 pp |
| 2019 | 11.9% | −0.39 pp |
| 2018 | 12.3% | −0.46 pp |
| 2017 | 12.8% | +1.21 pp |
| 2016 | 11.6% | +3.04 pp |
About this forecast
- Source
- World Bank, World Development Indicators · series SL.UEM.TOTL.ZS
- Data through
- 2025 · 35 observations
- Forecast updated
- Sep 28, 2026
- Model
- TimesFM 2.5 (Google Research, Apache-2.0), zero-shot
More forecasts for Brazil
Brazil overviewOther unemployment forecasts
All 40Statistical model, not financial advice. This forecast is generated automatically from public data; the 80% range means outcomes are expected outside it about one time in five. Don't make financial decisions based only on it.
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