Unemployment rate forecast - Country rankings
* indicates monthly or quarterly data series
Unemployment rate forecast, 2023:
The average for 2023 based on 24 countries was 5.42 percent. The highest value was in Georgia: 16.4 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
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* indicates monthly or quarterly data series
| Countries | Unemployment rate forecast, 2023 | Global rank | Available data |
|---|---|---|---|
| Georgia | 16.4 | 1 | 1996 - 2028 |
| Armenia | 12.5 | 2 | 2001 - 2028 |
| Kyrgyzstan | 9.01 | 3 | 1994 - 2028 |
| Iran | 9 | 4 | 1990 - 2028 |
| Pakistan | 8.5 | 5 | 1983 - 2028 |
| Uzbekistan | 8.35 | 6 | 2002 - 2028 |
| Mongolia | 6.03 | 7 | 2007 - 2028 |
| Azerbaijan | 5.58 | 8 | 2000 - 2028 |
| Indonesia | 5.32 | 9 | 1984 - 2028 |
| China | 5.2 | 10 | 2017 - 2028 |
| Brunei | 4.9 | 11 | 2011 - 2028 |
| Kazakhstan | 4.78 | 12 | 1994 - 2028 |
| Philippines | 4.35 | 13 | 1985 - 2028 |
| Taiwan | 3.67 | 14 | 1980 - 2028 |
| Malaysia | 3.63 | 15 | 1985 - 2028 |
| Bhutan | 3.5 | 16 | 2003 - 2023 |
| Israel | 3.47 | 17 | 1980 - 2028 |
| Hong Kong | 2.9 | 18 | 1980 - 2028 |
| South Korea | 2.7 | 19 | 1980 - 2028 |
| Macao | 2.65 | 20 | 2001 - 2028 |
| Japan | 2.57 | 21 | 1980 - 2028 |
| Vietnam | 2.01 | 22 | 1990 - 2028 |
| Singapore | 1.93 | 23 | 1980 - 2028 |
| Thailand | 1.2 | 24 | 1990 - 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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16.40
12.50
9.01
9.00
8.50
8.35
6.03
5.58
5.32
5.20
4.90
4.78
4.35
3.67
3.63
3.50
3.47
2.90
2.70
2.65
2.57
2.01
1.93
1.20
0
4.1
8.2
12.3
16.4
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