Country Cassette

Discover the Latest Unemployment Rates by Country in 2023

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

RankCountryUnemployment
rate (%)
1Qatar *0.3
2Faroe Islands *0.5
3Cambodia *0.6
4Niger *0.8
5Gibraltar *1.0
6Guernsey *1.0
7Laos *1.3
8Liechtenstein *1.5
9Thailand *1.53
10Benin *1.6
11Jersey *1.6
12Palau *1.7
13Burundi *1.8
14Bahrain *1.9
15Chad *1.9
16Isle of Man *1.9
17Monaco *2.0
18Saint Helena *2.0
19Singapore *2.1
20Myanmar *2.2
21Vanuatu *2.2
22Czech Republic *2.4
23Vietnam *2.4
24Japan *2.6
25Madagascar *2.6
26Tanzania *2.6
27North Korea *2.7
28Poland *2.7
29Cuba *2.8
30Papua New Guinea *2.8
31British Virgin Islands *2.9
32Kyrgyzstan *2.9
33South Korea *2.9
34Uganda *2.9
35Hungary *3.0
36Malta *3.0
37Moldova *3.0
38Oman *3.1
39Israel *3.3
40Mexico *3.3
41New Zealand *3.3
42Norway *3.3
43Australia *3.4
44United Arab Emirates *3.4
45Cayman Islands *3.5
46Ivory Coast *3.5
47United Kingdom *3.5
48United States *3.5
49Guatemala *3.6
50Netherlands *3.6
51Andorra *3.7
52Ethiopia *3.7
53Kuwait *3.7
54Macau *3.7
55Senegal *3.7
56Taiwan *3.7
57Malaysia *3.8
58Slovenia *3.8
59Cameroon *3.9
60Russia *3.9
61Iceland *4.0
62Mozambique *4.0
63Togo *4.0
64Tonga *4.0
65Liberia *4.1
66Ireland *4.2
67Luxembourg *4.2
68Austria *4.3
69Bhutan *4.3
70Bulgaria *4.3
71Hong Kong *4.3
72Philippines *4.3
73Sri Lanka *4.3
74Switzerland *4.3
75Pakistan *4.4
76Denmark *4.5
77Guam *4.5
78East Timor *4.6
79Belarus *4.7
80Ghana *4.7
81Burkina Faso *4.8
82Saudi Arabia *4.8
83Trinidad and Tobago *4.8
84Canada *4.9
85Ecuador *4.9
86Kazakhstan *4.9
87Cyprus *5.1
88Nepal *5.1
89Saint Kitts and Nevis *5.1
90Turkmenistan *5.1
91Bangladesh *5.2
92Fiji *5.2
93Zimbabwe *5.2
94Romania *5.3
95Sierra Leone *5.3
96China *5.4
97DR Congo *5.4
98Germany *5.4
99Belgium *5.5
100Montserrat *5.6
101Estonia *5.7
102Kenya *5.7
103Paraguay *5.7
104Lithuania *5.8
105Puerto Rico *5.8
106Indonesia *5.8
107El Salvador *5.9
108European Union *6.0
109Jamaica *6.0
110Nicaragua *6.0
111Slovakia *6.0
112Croatia *6.1
113Maldives *6.1
114Portugal *6.1
115Argentina *6.3
116Guinea *6.3
117Latvia *6.4
118Venezuela *6.4
119Azerbaijan *6.6
120Central African Republic *6.6
121Cocos (Keeling) Islands *6.7
122Finland *6.7
123Greenland *6.8
124Guinea-Bissau *6.8
125Peru *6.8
126Bermuda *7.0
127Malawi *7.0
128Mongolia *7.1
129Egypt *7.2
130France *7.2
131Brunei *7.6
132Aruba *7.7
133Mali *7.7
134Sweden *7.7
135Anguilla *7.8
136Chile *7.8
137India *7.8
138Tajikistan *7.8
139Eritrea *8.0
140San Marino *8.0
141Italy *8.1
142Belize *8.2
143Uruguay *8.4
144Angola *8.5
145Bolivia *8.5
146Dominican Republic *8.5
147Honduras *8.5
148Mauritius *8.7
149Saint Pierre and Miquelon *8.7
150Wallis and Futuna *8.8
151Uzbekistan *8.9
152Equatorial Guinea *9.2
153Brazil *9.3
154Comoros *9.4
155Samoa *9.8
156Ukraine *[a]9.9
157Suriname *10.1
158Turkey *10.3
159Barbados *10.4
160Serbia *10.6
161Syria *10.6
162Niue *10.7
163Antigua and Barbuda *11.0
164Gambia *11.2
165Morocco *11.2
166Northern Mariana Islands *11.2
167Colombia *11.2
168Iran *11.5
169Mauritania *11.5
170Albania *11.7
171Panama *12.1
172Greece *12.3
173Spain *12.4
174Algeria *12.7
175Zambia *13.0
176Cook Islands *13.1
177Bahamas *13.2
178Afghanistan *13.3
179U.S. Virgin Islands *13.3
180Yemen *13.6
181South Sudan *13.9
182Iraq *14.2
183French Polynesia *14.4
184Lebanon *14.5
185Armenia *14.8
186North Macedonia *14.8
187Cape Verde *15.4
188Haiti *15.7
189São Tomé and Príncipe *15.9
190Tunisia *16.1
191Micronesia *16.2
192Guyana *16.4
193Rwanda *16.5
194New Caledonia *16.6
195American Samoa *18.0
196Saint Vincent and the Grenadines *18.8
197Kosovo *19.0
198Libya *19.6
199Sudan *19.8
200Montenegro *19.9
201Somalia *19.9
202Saint Lucia *20.1
203Georgia *20.4
204Netherlands Antilles21.2
205Namibia *21.7
206Costa Rica *22.0
207Gabon *22.3
208Jordan *22.8
209Congo *23.0
210Dominica *23.0
211Nauru *23.0
212Grenada *24.0
213Palestine *24.0
214Lesotho *24.6
215Botswana *24.7
216Eswatini *25.8
217Djibouti *28.4
218Bosnia and Herzegovina *29.9
219Mayotte *30.0
220Kiribati *30.6
221South Africa *32.9
222Nigeria *33.3
223Marshall Islands *36.0
Exit mobile version