* indicates monthly or quarterly data series

Unemployment rate forecast, 2023:

The average for 2023 based on 24 countries was 5.57 percent. The highest value was in Georgia: 18.4 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
Georgia 18.4 1 1996 - 2028
Armenia 13.5 2 2001 - 2028
Iran 9.42 3 1990 - 2028
Kyrgyzstan 9.01 4 1994 - 2028
Pakistan 8.5 5 1983 - 2028
Uzbekistan 8.35 6 2002 - 2028
Mongolia 6.56 7 2007 - 2028
Azerbaijan 5.87 8 2000 - 2028
China 5.3 9 2017 - 2028
Indonesia 5.3 10 1984 - 2028
Brunei 4.9 11 2011 - 2028
Kazakhstan 4.78 12 1994 - 2028
Philippines 4.67 13 1985 - 2028
Taiwan 3.66 14 1980 - 2028
Malaysia 3.63 15 1985 - 2028
Israel 3.53 16 1980 - 2028
Hong Kong 3.17 17 1980 - 2028
South Korea 2.68 18 1980 - 2028
Macao 2.65 19 2001 - 2028
Japan 2.45 20 1980 - 2028
Kuwait 2.2 21 2002 - 2028
Vietnam 2.09 22 1990 - 2028
Singapore 1.8 23 1980 - 2028
Thailand 1.2 24 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.
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