Korea - Unemployment Rate 1988
2.53%
−0.58pp from 1987
Korea's unemployment rate was 2.53% in 1988, decreased +0.58pp from 3.11% in 1987. This was the 8th highest globally.
Global Ranking - 1988▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Hungary | 0.46% | 47.0% |
| 2nd | Iceland | 0.64% | 44.2% |
| 3rd | Switzerland | 0.72% | -9.8% |
| 4th | Hong Kong SAR, China | 1.37% | -21.4% |
| 5th | Luxembourg | 1.54% | -8.0% |
| 6th | Sweden | 2.35% | -18.0% |
| 7th | Japan | 2.52% | -11.7% |
| 8th | Korea | 2.53% | -18.8% |
| 9th | Singapore | 2.58% | -34.0% |
| 10th | Austria | 2.68% | -29.6% |
| 11th | Cyprus | 2.80% | -17.6% |
| 12th | Indonesia | 2.89% | 9.5% |
| 13th | Pakistan | 3.14% | 2.3% |
| 14th | Norway | 3.15% | 51.1% |
| 15th | Mexico | 3.54% | -8.8% |
| 16th | Romania | 3.70% | 0.0% |
| 17th | Mauritius | 3.89% | -34.8% |
| 18th | Peru | 4.16% | -13.4% |
| 19th | Finland | 4.21% | -14.1% |
| 20th | Paraguay | 4.70% | -14.5% |
| 21st | Aruba | 5.00% | -65.5% |
| 22nd | Costa Rica | 5.46% | -2.1% |
| 23rd | United States | 5.49% | -11.1% |
| 24th | Denmark | 5.66% | 13.2% |
| 25th | New Zealand | 5.80% | 37.3% |
| 26th | Albania | 6.03% | 16.8% |
| 27th | Malta | 6.20% | -24.4% |
| 28th | Netherlands | 6.25% | -1.4% |
| 29th | Israel | 6.43% | 6.1% |
| 30th | Colombia | 6.45% | -12.4% |
| 31st | Argentina | 6.50% | 8.3% |
| 32nd | Honduras | 6.94% | -2.1% |
| 33rd | Ecuador | 7.00% | - |
| 34th | Portugal | 7.07% | -0.8% |
| 35th | Australia | 7.21% | -11.1% |
| 36th | Greece | 7.70% | 4.1% |
| 37th | Germany | 7.74% | -1.4% |
| 38th | Canada | 7.78% | -11.6% |
| 39th | Malaysia | 8.08% | -1.6% |
| 40th | United Kingdom | 8.58% | -17.7% |
| 41st | Uruguay | 8.60% | -5.5% |
| 42nd | Türkiye | 8.70% | 7.0% |
| 43rd | Jordan | 8.81% | 4.9% |
| 44th | Belgium | 8.83% | -9.9% |
| 45th | France | 8.84% | -3.4% |
| 46th | Philippines | 9.40% | -15.0% |
| 47th | Italy | 9.68% | 0.7% |
| 48th | Chile | 9.88% | -10.1% |
| 49th | El Salvador | 10.15% | - |
| 50th | Bahamas, The | 11.00% | -4.3% |
| 51st | Fiji | 12.00% | 0.8% |
| 52nd | São Tomé and Principe | 13.62% | 0.0% |
| 53rd | Nicaragua | 14.20% | 1.4% |
| 54th | Puerto Rico (US) | 15.00% | -10.7% |
| 55th | Barbados | 17.14% | -4.4% |
| 56th | South Africa | 17.24% | 3.9% |
| 57th | Sudan | 17.86% | -3.6% |
| 58th | Ireland | 18.40% | -2.1% |
| 59th | Panama | 18.78% | 33.2% |
| 60th | Jamaica | 19.09% | -9.0% |
| 61st | Spain | 19.24% | -4.9% |
| 62nd | Algeria | 21.80% | 8.7% |
| 63rd | Cabo Verde | 24.57% | 1.7% |
FAQ
What was Korea's unemployment rate in 1988?▾
Korea's unemployment rate in 1988 was 2.53%. This ranked 8th globally.
How did Korea's unemployment rate change in 1988?▾
Korea's unemployment rate decreased by 18.8% in 1988 compared to 1987.
Which country had the highest unemployment rate in 1988?▾
Cabo Verde had the highest unemployment rate in 1988 at 24.57%.
What is the unemployment rate of Korea in 1988?▾
The unemployment rate of Korea in 1988 was 2.53%. This ranked 8th globally.
How does 1988 compare to 1987 for Korea's unemployment rate?▾
Korea's unemployment rate went from 3.11% in 1987 to 2.53% in 1988, a 18.8% decrease.
HistorySaid - pattern alert
Korea matched the Export Boom Cycle pattern in 1988. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 10.0%. View full analysis →
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