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 2021.

TOP 10 COUNTRIES WITH THE HIGHEST UNEMPLOYMENT IN 2021

COUNTRY UNEMPLOYMENT RATE (%)
1. Nigeria 33.3
2. Bosnia and Herzegovina 33.08
3. South Africa 32.6
4. Angola 30.5
5. Palestine 27.8
6. Bahamas 25.6
7. Jordan 25
8. Lesotho 24.7
9. Kosovo 24.6
10. Montenegro 24.3

TOP 10 COUNTRIES WITH THE LOWEST UNEMPLOYMENT RATES IN 2021

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. Thailand 1.5
9. Myanmar 1.79
10. Madagascar 1.9

UNEMPLOYMENT IN THE LARGEST ECONOMIES

COUNTRY UNEMPLOYMENT RATE (%)
1. USA 5.9
2. China 5
3. Japan 3
4. Germany 3.7
5. India 11.9
6. Great Britain 4.7
7. France 8.1
8. Italy 10.5
9. Brazil 14.7
10. Canada 8.2

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

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