List of Countries with the Highest Unemployment Rate in 2023
The following table lists the countries with the highest unemployment rate (According to the data published by World Bank):
|
Country |
Unemployment Rate (%) |
|---|---|
|
South Africa |
32.60 (Q2, 2023) |
|
Djibouti |
27.93 (2022) |
|
Eswatini |
24.39 (2022) |
|
Costa Rica |
22.00 (Q3, 2020) |
|
Gabon |
22.30 (2021) |
|
Namibi |
21.70 (2021) |
|
Botswana |
20.68 (2022) |
|
Libya |
19.60 (2021) |
|
Somalia |
19.90 (2021) |
|
St. Vincent and the Grenadines |
18.80 (2008) |
|
Sudan |
19.80 (2021) |
|
Lesotho |
18 (2022) |
|
Jordan |
22.80 (Q1,2022) |
|
St. Lucia |
20.15 (2022) |
|
Tunisia |
16.10 (Q1, 2022) |
|
Iraq |
14.20 (2021) |
|
Montenegro |
19.90 (June 2022) |
|
Sao Tome and Prinicipe |
15.90 (2021) |
|
North Macedonia |
14.80 (Q1, 2022) |
|
North Macedonia |
14.80 (Q1, 2022) |
What is Unemployment Rates? List of Highest Unemployment Rate Countries
The unemployment rate is defined as the percentage of people in the workforce who are unemployed. The formula for calculating the unemployment rate is to multiply the total labor force by 100 and divide the number of jobless people by that amount. The national unemployment rates of a large number of countries throughout the world are continuously calculated and recorded by organizations like the World Bank, the International Monetary Fund (IMF), and the Organisation for Economic Co-operation and Development (OECD). The unemployment rate is likely to increase when the economy is struggling and there are few jobs available.
In this article, we will look into the various aspects of unemployment, and the unemployment rate, covering its types, causes, and effects. We will also look into the unemployment rate in India and the list of countries with the highest unemployment rates and discuss some strategies for resolving unemployment issues.
Table of Content
- What is the Unemployment Rate? Formula of Unemployment Rate
- List of Countries with the Highest Unemployment Rate in 2023
- Unemployment Rate in India
- What is Unemployment?
- Types of Unemployment
- Causes of Unemployment
- Effects of Unemployment
- Strategies for Resolving Unemployment Issues
- Conclusion – Unemployment Rates
- UPSC Prelims Previous Year’s Questions on Unemployment Rates
- FAQs on Types, Causes and Effects Unemployment Rates