South Korea: Youth unemployment

* indicates monthly or quarterly data series
 South Korea

Youth unemployment, ages 15-24

 Latest value 5.03
 Year 2023
 Measure percent
 Data availability 1991 - 2023
 Average 8.81
 Min - Max 5.03 - 15.71
 Source The World Bank
For that indicator, we provide data for South Korea from 1991 to 2023. The average value for South Korea during that period was 8.81 percent with a minimum of 5.03 percent in 2023 and a maximum of 15.71 percent in 1998. The latest value from 2023 is 5.03 percent. For comparison, the world average in 2023 based on 178 countries is 16.02 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
South Korea - Youth unemployment - Recent values chart

Historical chart
South Korea - Youth unemployment - historical chart - 1991-2023

We present the rate of youth unemployment for South Korea and other countries. Youth unemployment is the percent of 15-24 year olds who are part of the labor force but are unemployed. Recall that the labor force includes the employed and the unemployed people.
Definition: Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment.

 Related indicators Latest value Reference Measure
 Labor force 29.20 2022 million people
 Unemployment rate 2.86 2022 percent
 Female unemployment 2.95 2022 percent
 Male unemployment 2.66 2022 percent
 Youth unemployment 5.03 2023 percent
 Labor force participation 64.51 2023 percent
 Labor force: percent female 42.91 2022 percent
 Female labor force participation 55.77 2023 percent
 Male labor force participation 73.34 2023 percent
 Self-employment 23.45 2022 percent
 Employment 28.70 9/2023 million employed people
 Unemployment rate 2.30 9/2023 percent
 Labor cost 141.70 Q3/2022 index points
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