News
Check out Global Unemployment Rate 2023
The current statistics of global unemployment rate shows that Japan tops the table as the least country with high rate of unemployment of 2.5%, trailed by the United States (US) 3.5%.
READ ALSO: NIMC DG Coker-Odusote resumes
Surprisingly, Nigeria is third with 4.1% while South Africa is worst hit with 32.6%.
Before this report on global unemployment rate 2023, Nigeria ranked highest in an earlier global unemployment rating of various countries of the world.
Global Unemployment Rate 2023
🇯🇵Japan: 2.5%
🇺🇸USA: 3.5%
🇳🇬Nigeria: 4.1%
🇬🇧UK: 4.2%
🇨🇳China: 5.3%
🇮🇩Indonesia: 5.45%
🇨🇦Canada: 5.5%
🇩🇪Germany: 5.6%
🇪🇬Egypt: 7.0%
🇫🇷France: 7.2%
🇮🇹Italy: 7.4%
🇧🇷Brazil: 8.0%
🇮🇳India: 8.9%
🇲🇦Morocco: 12.4%
🇿🇦South Africa: 32.6%
Unemployment is identified as the share of the labor force that is without work but available for and seeking employment.
READ ALSO: HURIWA protests Tinubu’s appointment of serving NYSC member as Minister
World unemployment rate for 2022 was 5.77%, a 0.43% decline from 2021. World unemployment rate for 2021 was 6.20%, a 0.7% decline from 2020.
World Population Review in a report identified top 10 Countries with the Highest Unemployment (World Bank 2020 data), where five African countries dominated the chart, and South Africa being on top as owrst hit unemployment countries in the world with 29.2%.
The top 10 Highest Unemployment countries were listed by the World Population Review as follows:
South Africa – 29.2%
Kosovo (partially recognized) – 26.2%
Djibouti – 26.1%
West Bank& Gaza Strip (occupied Palestine) – 25.9%
Equatorial Guinea – 25.0%
Botswana – 24.9%
Grenada – 22.9%
Eswatini – 22.7%
Lesotho – 22.4%
Gabon – 20.4%
-
Comments and Issues2 days agoCan President Tinubu Revive Nigeria’s Moribund Refineries?
-
Business3 days agoTinubu knocks Atiku’s subsidy plan, says proposal shows ‘ignorance’ of economy
-
Entertainment5 days agoPoco Lee faces rape allegation as unverified UK arrest report spreads online
-
Latest6 days agoTinubu files: US Judge grants four-day extension in FOIA disclosure battle
-
Latest1 week agoOsun Decides: INEC declares Adeleke winner
-
Featured6 days agoBeyond Osun 2026: What Adeleke’s re-election reveals about Nigeria’s road to 2027
-
Business6 days agoStandard Bank eyes stake in OPay ahead of planned $4bn US IPO
-
Featured3 days agoEconomic Reality vs Party Machinery: What will drive Nigeria’s 2027 election?


