South Korea: Unemployment rate forecast

* indicates monthly or quarterly data series
 South Korea

Unemployment rate forecast

 Latest value 3.10
 Year 2028
 Measure percent
 Data availability 1980 - 2028
 Average 3.50
 Min - Max 2.06 - 6.95
 Source International Monetary Fund
For that indicator, we provide data for South Korea from 1980 to 2028. The average value for South Korea during that period was 3.5 percent with a minimum of 2.06 percent in 1996 and a maximum of 6.95 percent in 1998. The latest value from 2028 is 3.1 percent. For comparison, the world average in 2028 based on 99 countries is 6.55 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 - Unemployment rate forecast - Recent values chart

Historical chart
South Korea - Unemployment rate forecast - historical chart - 1980-2028

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). The series includes actual historical values for past years and forecast values for the current and the next few years.

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 Related indicators Latest value Reference Measure
 Economic growth forecast 2.08 2028 percent
 Investment forecast 30.34 2028 percent
 Inflation forecast 2.00 2028 percent
 Unemployment rate forecast 3.10 2028 percent
 Budget balance forecast 0.22 2028 percent
 Current account forecast 4.33 2028 percent
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