South Korea: Unemployment rate forecast

(measure: percent; Source: International Monetary Fund)
* indicates monthly or quarterly data series

South Korea: Unemployment rate forecast

: For that indicator, we provide data for South Korea from 1980 to 2021. The average value for South Korea during that period was 3.61 percent with a minimum of 2.06 percent in 1996 and a maximum of 6.95 percent in 1998. The latest value from 2021 is 4.5 percent. For comparison, the world average in 2021 based on 100 countries is 8.16 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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Definition: The unemployment rate is the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed).
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