* indicates monthly or quarterly data series

Unemployment rate forecast, 2023:

The average for 2023 based on 14 countries was 6.69 percent. The highest value was in Barbados: 10.12 percent and the lowest value was in Belize: 2.8 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
Barbados 10.12 1 1981 - 2028
Costa Rica 9.8 2 1980 - 2028
Bahamas 8.79 3 1986 - 2028
Aruba 8.47 4 1991 - 2028
Honduras 8.08 5 1980 - 2028
Panama 8 6 1980 - 2028
Nicaragua 7.16 7 1980 - 2028
Puerto Rico 6.75 8 1980 - 2028
Domin. Rep. 6.2 9 1991 - 2028
Canada 5.53 10 1980 - 2028
El Salvador 5.5 11 1988 - 2028
USA 3.57 12 1980 - 2028
Mexico 2.89 13 1980 - 2028
Belize 2.8 14 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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