UNEMPLOYMENT RATES IN DIFFERENT COUNTRIES
Usually states with high living standards, stable political situations and developed economies have favorable economic indicators, including low unemployment. Of course, global financial crises, natural disasters, and some other factors can affect a country's labor market and employment, but in general the richest nations on the planet have low unemployment.
Governments of some countries often manipulate official figures, so it is difficult to reliably determine the level of unemployment. It should be noted that high employment is not always an indication of the well-being of a country. It is the other way round. For example, today the unemployment rate in South Africa is over 30%, yet it is one of the richest countries in Africa.
Next, let's highlight the lists of countries with the highest and lowest unemployment rates in 2023.
| № | COUNTRY | UNEMPLOYMENT RATE (%) |
| 1. | Nigeria | 33.3 |
| 2. | South Africa | 32.7 |
| 3. | Angola | 30.2 |
| 4. | Bosnia and Herzegovina | 29.54 |
| 5. | Djibouti | 28.4 |
| 6. | Swaziland | 25.8 |
| 7. | Lesotho | 24.6 |
| 8. | Botswana | 24.5 |
| 9. | Rwanda | 24.3 |
| 10. | Jordan | 23.1 |
| № | COUNTRY | UNEMPLOYMENT RATE (%) |
| 1. | Qatar | 0.1 |
| 2. | Cambodia | 0.61 |
| 3. | Faroe Islands | 1.8 |
| 4. | Niger | 0.8 |
| 5. | Thailand | 1.15 |
| 6. | Laos | 1.3 |
| 7. | Benin | 1.6 |
| 8. | Liechtenstein | 1.6 |
| 9. | Burundi | 1.8 |
| 10. | Chad | 1.9 |
| № | COUNTRY | UNEMPLOYMENT RATE (%) |
| 1. | USA | 3.4 |
| 2. | China | 5.5 |
| 3. | Japan | 2.4 |
| 4. | Germany | 5.5 |
| 5. | India | 7.1 |
| 6. | United Kingdom | 3.7 |
| 7. | France | 7.2 |
| 8. | Canada | 5 |
| 9. | Russia | 3.6 |
| 10. | Italy | 7.9 |
Note. Information about unemployment in the world is based on current data from the authoritative portal Trading Economics.
