Discover the Latest Unemployment Rates by Country in 2023

As we move into 2023, there is much interest in how the global economy will fare in the coming year. One key indicator of economic health is the unemployment rate, which provides insight into the availability of job opportunities and the overall economic conditions in different countries.

In 2023, many countries are expected to continue recovering from the economic impacts of the COVID-19 pandemic, but the unemployment rates are still projected to vary widely between different regions and countries.

According to recent projections, some of the countries with the lowest unemployment rates in 2023 are likely to be Iceland, Japan, and South Korea, with rates ranging from 2.2% to 2.9%. On the other hand, some countries are expected to continue facing high unemployment rates, including South Africa, Nigeria, and Jordan, with rates ranging from 20% to 35%.

Other countries are projected to see significant improvements in their unemployment rates in 2023, such as Brazil, where the rate is expected to drop from 14.3% in 2022 to 9.3% in 2023.

The unemployment rates by country in 2023 are expected to be influenced by various factors, including government policies, changes in the global economy, and the effects of the ongoing pandemic.

As we look ahead to 2023, it will be important to monitor these trends and understand how they impact the job market and the overall economic conditions in different parts of the world. By staying informed and adapting to these changes, individuals and businesses can better navigate the complex economic landscape of the coming year.

Top 10 Countries with the Lowest Unemployment Rates

Below are the world’s 10 lowest unemployment rates

The Most Unemployed Nations: Top 10 Countries with the Highest Rates

Below are the world’s 10 highest unemployment rates

2023 Employment Rates by Country

Rank	Country	Unemployment rate (%)
1	Qatar *	0.3
2	Faroe Islands *	0.5
3	Cambodia *	0.6
4	Niger *	0.8
5	Gibraltar *	1.0
6	Guernsey *	1.0
7	Laos *	1.3
8	Liechtenstein *	1.5
9	Thailand *	1.53
10	Benin *	1.6
11	Jersey *	1.6
12	Palau *	1.7
13	Burundi *	1.8
14	Bahrain *	1.9
15	Chad *	1.9
16	Isle of Man *	1.9
17	Monaco *	2.0
18	Saint Helena *	2.0
19	Singapore *	2.1
20	Myanmar *	2.2
21	Vanuatu *	2.2
22	Czech Republic *	2.4
23	Vietnam *	2.4
24	Japan *	2.6
25	Madagascar *	2.6
26	Tanzania *	2.6
27	North Korea *	2.7
28	Poland *	2.7
29	Cuba *	2.8
30	Papua New Guinea *	2.8
31	British Virgin Islands *	2.9
32	Kyrgyzstan *	2.9
33	South Korea *	2.9
34	Uganda *	2.9
35	Hungary *	3.0
36	Malta *	3.0
37	Moldova *	3.0
38	Oman *	3.1
39	Israel *	3.3
40	Mexico *	3.3
41	New Zealand *	3.3
42	Norway *	3.3
43	Australia *	3.4
44	United Arab Emirates *	3.4
45	Cayman Islands *	3.5
46	Ivory Coast *	3.5
47	United Kingdom *	3.5
48	United States *	3.5
49	Guatemala *	3.6
50	Netherlands *	3.6
51	Andorra *	3.7
52	Ethiopia *	3.7
53	Kuwait *	3.7
54	Macau *	3.7
55	Senegal *	3.7
56	Taiwan *	3.7
57	Malaysia *	3.8
58	Slovenia *	3.8
59	Cameroon *	3.9
60	Russia *	3.9
61	Iceland *	4.0
62	Mozambique *	4.0
63	Togo *	4.0
64	Tonga *	4.0
65	Liberia *	4.1
66	Ireland *	4.2
67	Luxembourg *	4.2
68	Austria *	4.3
69	Bhutan *	4.3
70	Bulgaria *	4.3
71	Hong Kong *	4.3
72	Philippines *	4.3
73	Sri Lanka *	4.3
74	Switzerland *	4.3
75	Pakistan *	4.4
76	Denmark *	4.5
77	Guam *	4.5
78	East Timor *	4.6
79	Belarus *	4.7
80	Ghana *	4.7
81	Burkina Faso *	4.8
82	Saudi Arabia *	4.8
83	Trinidad and Tobago *	4.8
84	Canada *	4.9
85	Ecuador *	4.9
86	Kazakhstan *	4.9
87	Cyprus *	5.1
88	Nepal *	5.1
89	Saint Kitts and Nevis *	5.1
90	Turkmenistan *	5.1
91	Bangladesh *	5.2
92	Fiji *	5.2
93	Zimbabwe *	5.2
94	Romania *	5.3
95	Sierra Leone *	5.3
96	China *	5.4
97	DR Congo *	5.4
98	Germany *	5.4
99	Belgium *	5.5
100	Montserrat *	5.6
101	Estonia *	5.7
102	Kenya *	5.7
103	Paraguay *	5.7
104	Lithuania *	5.8
105	Puerto Rico *	5.8
106	Indonesia *	5.8
107	El Salvador *	5.9
108	European Union *	6.0
109	Jamaica *	6.0
110	Nicaragua *	6.0
111	Slovakia *	6.0
112	Croatia *	6.1
113	Maldives *	6.1
114	Portugal *	6.1
115	Argentina *	6.3
116	Guinea *	6.3
117	Latvia *	6.4
118	Venezuela *	6.4
119	Azerbaijan *	6.6
120	Central African Republic *	6.6
121	Cocos (Keeling) Islands *	6.7
122	Finland *	6.7
123	Greenland *	6.8
124	Guinea-Bissau *	6.8
125	Peru *	6.8
126	Bermuda *	7.0
127	Malawi *	7.0
128	Mongolia *	7.1
129	Egypt *	7.2
130	France *	7.2
131	Brunei *	7.6
132	Aruba *	7.7
133	Mali *	7.7
134	Sweden *	7.7
135	Anguilla *	7.8
136	Chile *	7.8
137	India *	7.8
138	Tajikistan *	7.8
139	Eritrea *	8.0
140	San Marino *	8.0
141	Italy *	8.1
142	Belize *	8.2
143	Uruguay *	8.4
144	Angola *	8.5
145	Bolivia *	8.5
146	Dominican Republic *	8.5
147	Honduras *	8.5
148	Mauritius *	8.7
149	Saint Pierre and Miquelon *	8.7
150	Wallis and Futuna *	8.8
151	Uzbekistan *	8.9
152	Equatorial Guinea *	9.2
153	Brazil *	9.3
154	Comoros *	9.4
155	Samoa *	9.8
156	Ukraine *[a]	9.9
157	Suriname *	10.1
158	Turkey *	10.3
159	Barbados *	10.4
160	Serbia *	10.6
161	Syria *	10.6
162	Niue *	10.7
163	Antigua and Barbuda *	11.0
164	Gambia *	11.2
165	Morocco *	11.2
166	Northern Mariana Islands *	11.2
167	Colombia *	11.2
168	Iran *	11.5
169	Mauritania *	11.5
170	Albania *	11.7
171	Panama *	12.1
172	Greece *	12.3
173	Spain *	12.4
174	Algeria *	12.7
175	Zambia *	13.0
176	Cook Islands *	13.1
177	Bahamas *	13.2
178	Afghanistan *	13.3
179	U.S. Virgin Islands *	13.3
180	Yemen *	13.6
181	South Sudan *	13.9
182	Iraq *	14.2
183	French Polynesia *	14.4
184	Lebanon *	14.5
185	Armenia *	14.8
186	North Macedonia *	14.8
187	Cape Verde *	15.4
188	Haiti *	15.7
189	São Tomé and Príncipe *	15.9
190	Tunisia *	16.1
191	Micronesia *	16.2
192	Guyana *	16.4
193	Rwanda *	16.5
194	New Caledonia *	16.6
195	American Samoa *	18.0
196	Saint Vincent and the Grenadines *	18.8
197	Kosovo *	19.0
198	Libya *	19.6
199	Sudan *	19.8
200	Montenegro *	19.9
201	Somalia *	19.9
202	Saint Lucia *	20.1
203	Georgia *	20.4
204	Netherlands Antilles	21.2
205	Namibia *	21.7
206	Costa Rica *	22.0
207	Gabon *	22.3
208	Jordan *	22.8
209	Congo *	23.0
210	Dominica *	23.0
211	Nauru *	23.0
212	Grenada *	24.0
213	Palestine *	24.0
214	Lesotho *	24.6
215	Botswana *	24.7
216	Eswatini *	25.8
217	Djibouti *	28.4
218	Bosnia and Herzegovina *	29.9
219	Mayotte *	30.0
220	Kiribati *	30.6
221	South Africa *	32.9
222	Nigeria *	33.3
223	Marshall Islands *	36.0