* indicates monthly or quarterly data series

Unemployment rate forecast, 2023:

The average for 2023 based on 17 countries was 7.07 percent. The highest value was in Colombia: 10.8 percent and the lowest value was in Mexico: 2.89 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
Colombia 10.8 1 1980 - 2028
Costa Rica 9.8 2 1980 - 2028
Chile 8.83 3 1980 - 2028
Brazil 8.33 4 1991 - 2028
Uruguay 8.13 5 1983 - 2028
Honduras 8.08 6 1980 - 2028
Panama 8 7 1980 - 2028
Peru 7.55 8 1980 - 2028
Argentina 7.35 9 1980 - 2028
Nicaragua 7.16 10 1980 - 2028
Puerto Rico 6.75 11 1980 - 2028
Domin. Rep. 6.2 12 1991 - 2028
Paraguay 6.19 13 1983 - 2028
El Salvador 5.5 14 1988 - 2028
Bolivia 4.9 15 2000 - 2028
Ecuador 3.8 16 1988 - 2028
Mexico 2.89 17 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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