Korea - Unemployment Rate 1989
2.58%
+0.06pp from 1988
Korea's unemployment rate was 2.58% in 1989, increased +0.06pp from 2.53% in 1988. This was the 13th highest globally.
Global Ranking - 1989▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Bulgaria | 0.03% | - |
| 2nd | Hungary | 0.53% | 14.7% |
| 3rd | Switzerland | 0.56% | -21.7% |
| 4th | Hong Kong SAR, China | 1.08% | -21.0% |
| 5th | Luxembourg | 1.40% | -8.7% |
| 6th | Aruba | 1.50% | -70.0% |
| 7th | Iceland | 1.66% | 160.7% |
| 8th | Singapore | 1.78% | -31.1% |
| 9th | Sweden | 2.03% | -13.8% |
| 10th | Japan | 2.25% | -10.6% |
| 11th | Cyprus | 2.30% | -17.9% |
| 12th | Austria | 2.35% | -12.3% |
| 13th | Korea | 2.58% | 2.3% |
| 14th | Indonesia | 2.86% | -1.0% |
| 15th | Mexico | 2.93% | -17.4% |
| 16th | Finland | 3.11% | -26.1% |
| 17th | Pakistan | 3.14% | 0.0% |
| 18th | Romania | 3.40% | -8.1% |
| 19th | Mauritius | 3.60% | -7.4% |
| 20th | Costa Rica | 3.77% | -30.9% |
| 21st | Malta | 4.64% | -25.2% |
| 22nd | Norway | 4.91% | 55.9% |
| 23rd | Portugal | 5.06% | -28.4% |
| 24th | United States | 5.26% | -4.3% |
| 25th | Netherlands | 5.67% | -9.2% |
| 26th | Paraguay | 6.10% | 29.8% |
| 27th | Australia | 6.13% | -14.9% |
| 28th | Honduras | 6.67% | -4.0% |
| 29th | Malaysia | 6.72% | -16.9% |
| 30th | Albania | 6.72% | 11.4% |
| 31st | Germany | 6.79% | -12.2% |
| 32nd | Colombia | 6.79% | 5.3% |
| 33rd | Denmark | 6.83% | 20.6% |
| 34th | United Kingdom | 7.23% | -15.7% |
| 35th | New Zealand | 7.33% | 26.3% |
| 36th | Belgium | 7.37% | -16.6% |
| 37th | Greece | 7.50% | -2.6% |
| 38th | Canada | 7.51% | -3.4% |
| 39th | Fiji | 7.79% | -35.1% |
| 40th | Ecuador | 7.90% | 12.9% |
| 41st | Peru | 7.90% | 90.1% |
| 42nd | Chile | 7.98% | -19.2% |
| 43rd | Argentina | 8.00% | 23.1% |
| 44th | Uruguay | 8.00% | -7.0% |
| 45th | Türkiye | 8.58% | -1.4% |
| 46th | France | 8.70% | -1.6% |
| 47th | Israel | 8.88% | 38.2% |
| 48th | El Salvador | 9.07% | -10.6% |
| 49th | Philippines | 9.13% | -2.9% |
| 50th | Italy | 9.67% | -0.2% |
| 51st | Jordan | 10.28% | 16.8% |
| 52nd | Bahamas, The | 11.70% | 6.4% |
| 53rd | Puerto Rico (US) | 14.60% | -2.7% |
| 54th | Nicaragua | 15.00% | 5.6% |
| 55th | São Tomé and Principe | 15.10% | 10.8% |
| 56th | Jamaica | 15.20% | -20.4% |
| 57th | Barbados | 15.24% | -11.0% |
| 58th | Sudan | 17.23% | -3.6% |
| 59th | Spain | 17.24% | -10.4% |
| 60th | South Africa | 17.83% | 3.4% |
| 61st | Ireland | 17.90% | -2.7% |
| 62nd | Algeria | 18.10% | -17.0% |
| 63rd | Panama | 18.94% | 0.8% |
| 64th | Cabo Verde | 24.98% | 1.7% |
FAQ
What was Korea's unemployment rate in 1989?▾
Korea's unemployment rate in 1989 was 2.58%. This ranked 13th globally.
How did Korea's unemployment rate change in 1989?▾
Korea's unemployment rate increased by 2.3% in 1989 compared to 1988.
Which country had the highest unemployment rate in 1989?▾
Cabo Verde had the highest unemployment rate in 1989 at 24.98%.
What is the unemployment rate of Korea in 1989?▾
The unemployment rate of Korea in 1989 was 2.58%. This ranked 13th globally.
How does 1989 compare to 1988 for Korea's unemployment rate?▾
Korea's unemployment rate went from 2.53% in 1988 to 2.58% in 1989, a 2.3% increase.
HistorySaid - pattern alert
Korea matched the Export Boom Cycle pattern in 1989. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 10.9%. View full analysis →
Related
1988
1990
All years
Full ranking 1989
Youth Unemployment
Labor Force Participation
Female Labor Participation
Agriculture Employment
Industry Employment
Peak: 1998
Lowest: 1996
Unemployment Rate 1990s
Unemployment Rate 2000s
Unemployment Rate 2010s
Unemployment Rate 2020s
Highest ever
Lowest ever
Average
vs Saudi Arabia
vs Czechia
vs Slovenia
vs Japan
G20 Unemployment Rate
OECD Unemployment Rate
Global Ranking