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 2022.

TOP 10 COUNTRIES WITH THE HIGHEST UNEMPLOYMENT IN 2022

COUNTRY UNEMPLOYMENT RATE (%)
1. South Africa 34.9
2. AngolaBosnia and Herzegovina 34.1
3. Namibia 33.4
4. Nigeria 33.3
5. Bosnia and Herzegovina 31.63
6. Palestine 27
7. Kosovo 25.8
8. Bahamas 25.6
9. Mozambique 25.04
10. Lesotho 24.7

TOP 10 COUNTRIES WITH THE LOWEST UNEMPLOYMENT RATES IN 2022

COUNTRY UNEMPLOYMENT RATE (%)
1. Qatar 0.1
2. Belarus 0.2
3. Cambodia 0.31
4. Niger 0.7
5. Burundi 0.8
6. Laos 1
7. Faroe Islands 1.3
8. Myanmar 1.79
9. Madagascar 1.9
10. Liechtenstein 1.9

UNEMPLOYMENT IN THE LARGEST ECONOMIES

COUNTRY UNEMPLOYMENT RATE (%)
1. USA 3.9
2. China 5
3. Japan 2.8
4. Germany 5.2
5. India 6.9
6. Great Britain 4.2
7. France 8.1
8. Italy 9.2
9. Brazil 12.1
10. Canada 5.9

Note. Information about unemployment in the world is based on current data from the authoritative portal Trading Economics.

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