This chart displays the countries that have experienced the highest unemployment rates from 1980 to 2023. Unemployment rate is a critical indicator of economic condition and labor market health, with high unemployment rates reflecting the challenges faced by countries in economic distress. The list of countries with the highest unemployment rates during this period is determined by various factors, including economic policies, structural changes in industries, and the impact of global economic environments.
Countries with the Highest Unemployment Rates, 1980 to 2023
This chart displays the countries that have experienced the highest unemployment rates from 1980 to 2023.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
The unemployment rate is the percentage of the labor force that is capable of working and is seeking employment but unable to find jobs. It serves as a key indicator for assessing the state of the economy and the efficiency of the labor market, where high unemployment rates typically indicate economic instability or issues within the labor market.
| Rank | Name | Indicator |
|---|---|---|
1 |  South Africa | 34.72% |
2 |  Sudan | 33.06% |
3 |  Ukraine | 20.85% |
4 |  Georgia | 19.51% |
5 |  Bosnia and Herzegovina | 17.20% |
6 |  North Macedonia | 14.50% |
7 |  Costa Rica | 13.00% |
8 |  Spain | 12.63% |
9 |  Armenia | 12.50% |
10 |  The Bahamas | 12.01% |
11 |  Colombia | 11.32% |
12 |  Greece | 11.20% |
13 |  Turkey | 11.03% |
14 |  Albania | 11.00% |
15 |  Morocco | 10.96% |
16 |  Suriname | 10.60% |
17 |  Barbados | 9.94% |
18 |  Iran | 9.80% |
19 |  Serbia | 9.21% |
20 |  Kyrgyzstan | 9.01% |
