* indicates monthly or quarterly data series

Unemployment rate forecast, 2023:

The average for 2023 based on 100 countries was 7.01 percent. The highest value was in Sudan: 45.96 percent and the lowest value was in Thailand: 1.2 percent. The indicator is available from 1980 to 2028. Below is a chart for all countries where data are available.

Measure: percent; Source: International Monetary Fund
Select indicator
* indicates monthly or quarterly data series


Countries Unemployment rate forecast, 2023 Global rank Available data
Sudan 45.96 1 1981 - 2028
South Africa 32.8 2 1980 - 2028
Ukraine 19.37 3 1995 - 2028
Georgia 18.4 4 1996 - 2028
Bosnia & Herz. 15.3 5 1995 - 2028
North Macedonia 14.3 6 1996 - 2028
Armenia 13.5 7 2001 - 2028
Morocco 12.04 8 1995 - 2028
Spain 11.84 9 1980 - 2028
Albania 11 10 1980 - 2028
Greece 10.83 11 1980 - 2028
Colombia 10.8 12 1980 - 2028
Suriname 10.6 13 1994 - 2028
Barbados 10.12 14 1981 - 2028
Turkey 9.93 15 1980 - 2028
Costa Rica 9.8 16 1980 - 2028
Iran 9.42 17 1990 - 2028
Serbia 9.08 18 1997 - 2028
Kyrgyzstan 9.01 19 1994 - 2028
Chile 8.83 20 1980 - 2028
Bahamas 8.79 21 1986 - 2028
Cape Verde 8.5 22 1980 - 2028
Pakistan 8.5 23 1983 - 2028
Aruba 8.47 24 1991 - 2028
Uzbekistan 8.35 25 2002 - 2028
Brazil 8.33 26 1991 - 2028
Uruguay 8.13 27 1983 - 2028
Honduras 8.08 28 1980 - 2028
Panama 8 29 1980 - 2028
Italy 7.9 30 1980 - 2028
Peru 7.55 31 1980 - 2028
Sweden 7.55 32 1980 - 2028
Mauritius 7.38 33 1982 - 2028
France 7.36 34 1980 - 2028
Argentina 7.35 35 1980 - 2028
Finland 7.3 36 1980 - 2028
Nicaragua 7.16 37 1980 - 2028
Egypt 7.06 38 1990 - 2028
Puerto Rico 6.75 39 1980 - 2028
Cyprus 6.69 40 1982 - 2028
Latvia 6.67 41 1992 - 2028
Estonia 6.66 42 1993 - 2028
Portugal 6.57 43 1980 - 2028
Mongolia 6.56 44 2007 - 2028
Lithuania 6.5 45 1999 - 2028
Croatia 6.32 46 1991 - 2028
Domin. Rep. 6.2 47 1991 - 2028
Paraguay 6.19 48 1983 - 2028
Slovakia 6.1 49 1993 - 2028
Azerbaijan 5.87 50 2000 - 2028
Belgium 5.66 51 1980 - 2028
Romania 5.6 52 1985 - 2028
Canada 5.53 53 1980 - 2028
El Salvador 5.5 54 1988 - 2028
Fiji 5.5 55 1986 - 2028
China 5.3 56 2017 - 2028
Indonesia 5.3 57 1984 - 2028
Luxembourg 5.24 58 1980 - 2028
Austria 5.11 59 1980 - 2028
Denmark 5 60 1980 - 2028
Moldova 4.93 61 1993 - 2028
Bolivia 4.9 62 2000 - 2028
Brunei 4.9 63 2011 - 2028
Kazakhstan 4.78 64 1994 - 2028
Philippines 4.67 65 1985 - 2028
Bulgaria 4.6 66 1989 - 2028
UK 4.2 67 1980 - 2028
Ireland 4.06 68 1985 - 2028
San Marino 4.04 69 2001 - 2028
Belarus 4.01 70 1993 - 2028
Hungary 3.9 71 1980 - 2028
Ecuador 3.8 72 1988 - 2028
New Zealand 3.8 73 1980 - 2028
Australia 3.73 74 1980 - 2028
Netherlands 3.7 75 1980 - 2028
Taiwan 3.66 76 1980 - 2028
Malaysia 3.63 77 1985 - 2028
Slovenia 3.63 78 1992 - 2028
Norway 3.6 79 1980 - 2028
USA 3.57 80 1980 - 2028
Israel 3.53 81 1980 - 2028
Iceland 3.39 82 1980 - 2028
Germany 3.26 83 1980 - 2028
Russia 3.25 84 1992 - 2028
Hong Kong 3.17 85 1980 - 2028
Malta 3.1 86 1983 - 2028
Seychelles 3 87 1995 - 2028
Mexico 2.89 88 1980 - 2028
Belize 2.8 89 1990 - 2028
Czechia 2.8 90 1995 - 2028
Poland 2.79 91 1990 - 2028
South Korea 2.68 92 1980 - 2028
Macao 2.65 93 2001 - 2028
Japan 2.45 94 1980 - 2028
Kuwait 2.2 95 2002 - 2028
Vietnam 2.09 96 1990 - 2028
Switzerland 2.05 97 1980 - 2028
Andorra 1.9 98 2010 - 2028
Singapore 1.8 99 1980 - 2028
Thailand 1.2 100 2001 - 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.
45.96
32.80
19.37
18.40
15.30
14.30
13.50
12.04
11.84
11.00
10.83
10.80
10.60
10.12
9.93
9.80
9.42
9.08
9.01
8.83
8.79
8.50
8.50
8.47
8.35
8.33
8.13
8.08
8.00
7.90
7.55
7.55
7.38
7.36
7.35
7.30
7.16
7.06
6.75
6.69
6.67
6.66
6.57
6.56
6.50
6.32
6.20
6.19
6.10
5.87
5.66
5.60
5.53
5.50
5.50
5.30
5.30
5.24
5.11
5.00
4.93
4.90
4.90
4.78
4.67
4.60
4.20
4.06
4.04
4.01
3.90
3.80
3.80
3.73
3.70
3.66
3.63
3.63
3.60
3.57
3.53
3.39
3.26
3.25
3.17
3.10
3.00
2.89
2.80
2.80
2.79
2.68
2.65
2.45
2.20
2.09
2.05
1.90
1.80
1.20
0
11.5
23
34.5
45.96
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