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Tuesday, October 8, 2024
CEOWORLD magazine - Latest - Stats Gate - Report on Unemployment Rates Around the World, 2024

Stats Gate

Report on Unemployment Rates Around the World, 2024

China

In August 2024, the United States experienced a net gain of 142,000 jobs, leading CEOWORLD magazine to release updated rankings for its comprehensive report on Unemployment Rates Around the World. In a meticulous effort to provide a thorough assessment of global unemployment rates, CEOWORLD magazine undertook a comparative analysis encompassing 212 countries and territories.

Being unemployed means not being able to afford rent, get an education, visit a doctor, or provide for yourself and your family. Unemployment has many negative consequences. Most experts agree that the jobless rate represents the percentage share of the labor force out of work and that high unemployment can threaten growth and social cohesion.

In 2024, Sudan had the world’s highest unemployment rate, 49.54%, while Qatar had the lowest, 0.3%. Seven of the 10 countries with the highest unemployment rates were in Africa. A country or region’s unemployment rate refers to the share of the total workforce that is currently without work but actively searching for employment. It does not include economically inactive persons, such as children and retirees.

Unemployment Rates Around the World, 2024

RankCountryUnemployment Rate (Percent)
1Sudan49.54
2Pakistan48.32
3South Africa33.5
4Djibouti27.93
5Eswatini24.39
6Palestine24
7Jordan22.8
8Gabon22.3
9Namibia21.7
10Botswana20.68
11Montenegro19.9
12Somalia19.9
13Libya19.6
14Kosovo19
15Saint Vincent and the Grenadines18.8
16American Samoa18
17Lesotho18
18Nauru18
19Grenada16.6
20New Caledonia16.6
21Rwanda16.5
22Guyana16.4
23Micronesia16.2
24Tunisia16.1
25São Tomé and Príncipe15.9
26Georgia15.7
27Haiti15.7
28Ukrain14.51
29Lebanon14.5
30French Polynesia14.4
31Afghanistan14.39
32Iraq14.2
33North Macedonia14.1
34South Sudan13.9
35Yemen13.6
36Bosnia and Herzegovina13.3
37Armenia13
38Zambia13
39Algeria12.7
40Spain12.29
41Morocco12
42Mauritania11.5
43Gambia11.2
44Albania11
45Antigua and Barbuda11
46Niue10.7
47Syria10.6
48Suriname10.3
49Colombia9.87
50Samoa9.8
51Comoros9.4
52Serbia9.4
53Greece9.36
54Equatorial Guinea9.2
55Kyrgyzstan9.01
56Iran8.9
57Bahamas8.79
58Chile8.71
59Kiribati8.6
60Angola8.5
61Cape Verde8.5
62Turkey8.5
63Panama8.4
64Sweden8.36
65Costa Rica8.29
66Barbados8.23
67Uruguay8.09
68Estonia8.06
69Eritrea8
70Honduras8
71Uzbekistan7.85
72Italy7.83
73Anguilla7.8
74India7.8
75Tajikistan7.8
76Argentina7.7
77Mali7.7
78Finland7.6
79Brazil7.5
80France7.36
81Egypt7.07
82Bermuda7
83Malawi7
84Greenland6.8
85Guinea-Bissau6.8
86Nicaragua6.76
87Aruba6.73
88Puerto Rico6.68
89Central African Republic6.6
90Peru6.6
91Portugal6.48
92Latvia6.45
93Venezuela6.4
94Canada6.32
95Guinea6.3
96Lithuania6.3
97Mauritius6.27
98Maldives6.1
99Dominican Republic6
100Jamaica6
101Paraguay6
102Luxembourg5.99
103Slovakia5.9
104Cyprus5.86
105Croatia5.77
106Kenya5.7
107Congo5.6
108Montserrat5.6
109Romania5.6
110Azerbaijan5.52
111Belgium5.51
112El Salvador5.5
113Mongolia5.43
114Austria5.4
115DR Congo5.4
116Sierra Leone5.3
117Bangladesh5.2
118Dominica5.2
119Indonesia5.2
120Zimbabwe5.2
121China5.1
122Nepal5.1
123Saint Kitts and Nevis5.1
124Turkmenistan5.1
125New Zealand5.04
126Bolivia5
127Fiji5
128Brunei4.9
129Denmark4.89
130Burkina Faso4.8
131Saudi Arabia4.8
132Trinidad and Tobago4.8
133Kazakhstan4.78
134Ghana4.7
135East Timor4.6
136Guam4.5
137Philippines4.5
138Hungary4.4
139Ireland4.38
140Bhutan4.3
141Bulgaria4.3
142Sri Lanka4.3
143Australia4.21
144Ecuador4.2
145United Kingdom4.15
146Liberia4.1
147Nigeria4.1
148United States4.1
149Mozambique4
150Togo4
151Tonga4
152San Marino3.94
153Cameroon3.9
154Netherlands3.9
155Iceland3.84
156Norway3.8
157Slovenia3.72
158Ethiopia3.7
159Israel3.7
160Kuwait3.7
161Senegal3.7
162Taiwan3.67
163Guatemala3.6
164Malaysia3.52
165Cayman Islands3.5
166Ivory Coast3.5
167Moldova3.5
168Belize3.4
169United Arab Emirates3.4
170Germany3.29
171Russia3.12
172Oman3.1
173Belarus3.04
174Seychelles3
175South Korea3
176Poland2.93
177Uganda2.9
178Hong Kong2.81
179Cuba2.8
180Mexico2.8
181Papua New Guinea2.8
182North Korea2.7
183Madagascar2.6
184Tanzania2.6
185Czech Republic2.56
186Japan2.5
187Malta2.5
188Switzerland2.25
189Myanmar2.2
190Vanuatu2.2
191Vietnam2.06
192Macau2
193Monaco2
194Saint Helena2
195Bahrain1.9
196Chad1.9
197Isle of Man1.9
198Singapore1.9
199Burundi1.8
200Palau1.7
201Benin1.6
202Jersey1.6
203Andorra1.5
204Liechtenstein1.5
205Laos1.3
206Thailand1.1
207Gibraltar1
208Guernsey1
209Niger0.8
210Cambodia0.6
211Faroe Islands0.5
212Qatar0.3

Unemployment Rates Around the World, 2024


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CEOWORLD magazine - Latest - Stats Gate - Report on Unemployment Rates Around the World, 2024
Despina Wilson
I am a senior editor and data journalist at CEOWORLD magazine. My job involves using infographics to report on news topics related to business and policy, with a global perspective. I hold a master's degree in journalism and have worked for newspapers and reporting projects in both the US and the UK, giving me a unique transatlantic perspective. I believe that data can enhance coverage of all news topics. As a contributor, I plan cover a wide range of issues, such as gender equality, climate change, labor, and immigration, using relevant statistics and insightful visualizations.

Email: despina@ceoworld.biz