List of countries by unemployment rate

List of countries by unemployment rate refers to the ranking of countries based on their respective unemployment rate. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force.

Definition of Unemployment

Unemployment is defined by the International Labour Organization (ILO) as the situation of people who are without work, available to work, and actively seeking employment. The ILO sets the standards for measuring unemployment to ensure comparability across countries.

Factors Influencing Unemployment Rates

Several factors can influence a country's unemployment rate, including its economic structure, education system, demographics, government policies, and global economic conditions.

Method of Calculation

The method of calculating unemployment rates can vary from country to country. Some countries count those who are not working and not seeking work as unemployed, while others only count those who are actively seeking employment. This can lead to differences in reported unemployment rates.

List of Countries by Unemployment Rate

The list of countries by unemployment rate is compiled from data provided by national statistical agencies. The World Bank, International Monetary Fund (IMF), and Central Intelligence Agency (CIA) World Factbook are among the most reliable sources of this data.

See Also

• List of countries by employment rate
• List of countries by job security
• List of countries by labor force