Korea - Unemployment Rate 2023
2.68%
−0.21pp from 2022
Korea's unemployment rate was 2.68% in 2023, decreased +0.21pp from 2.86% in 2022. This was the 29th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Qatar | 0.13% | 0.0% |
| 2nd | Cambodia | 0.26% | 4.5% |
| 3rd | Niger | 0.41% | 1.0% |
| 4th | Thailand | 0.73% | -43.6% |
| 5th | Burundi | 0.91% | 0.2% |
| 6th | Bahrain | 1.05% | -80.6% |
| 7th | Chad | 1.06% | -2.0% |
| 8th | Lao PDR | 1.19% | -1.9% |
| 9th | Solomon Islands | 1.44% | -2.2% |
| 10th | Andorra | 1.53% | -27.4% |
| 11th | Timor-Leste | 1.53% | -0.8% |
| 12th | Tanzania | 1.57% | -0.5% |
| 13th | Moldova | 1.57% | -49.5% |
| 14th | Benin | 1.64% | -2.6% |
| 15th | Viet Nam | 1.65% | -29.1% |
| 16th | Tonga | 1.65% | -17.5% |
| 17th | Cuba | 1.73% | -5.4% |
| 18th | Togo | 1.94% | -1.2% |
| 19th | Kuwait | 2.08% | -2.5% |
| 20th | United Arab Emirates | 2.15% | -25.1% |
| 21st | Philippines | 2.20% | -59.3% |
| 22nd | Macao SAR, China | 2.21% | -40.0% |
| 23rd | Côte d'Ivoire | 2.26% | -2.0% |
| 24th | Guatemala | 2.34% | -23.2% |
| 25th | Czechia | 2.58% | 19.1% |
| 26th | Japan | 2.60% | 0.3% |
| 27th | Guinea-Bissau | 2.63% | -1.3% |
| 28th | Papua New Guinea | 2.65% | -1.5% |
| 29th | Korea | 2.68% | -7.2% |
| 30th | Poland | 2.74% | -4.6% |
| 31st | Uganda | 2.75% | -4.5% |
| 32nd | Mexico | 2.77% | -15.5% |
| 33rd | Senegal | 2.78% | -1.9% |
| 34th | Ghana | 2.83% | -1.4% |
| 35th | Liechtenstein | 2.83% | 13.8% |
| 36th | Liberia | 2.91% | -1.7% |
| 37th | Mali | 2.95% | 23.5% |
| 38th | Hong Kong SAR, China | 2.95% | -32.2% |
| 39th | Myanmar | 2.98% | -2.8% |
| 40th | El Salvador | 2.99% | -40.8% |
| 41st | Seychelles | 3.00% | 0.0% |
| 42nd | Jamaica | 3.02% | -51.8% |
| 43rd | Bolivia, Plurinational State of | 3.02% | -36.2% |
| 44th | Madagascar | 3.04% | -4.5% |
| 45th | Germany | 3.07% | -2.3% |
| 46th | Nigeria | 3.07% | -19.7% |
| 47th | Russian Federation | 3.08% | -22.1% |
| 48th | Sierra Leone | 3.09% | -1.4% |
| 49th | Bhutan | 3.13% | -47.0% |
| 50th | Oman | 3.18% | -3.8% |
| 51st | Indonesia | 3.31% | -43.5% |
| 52nd | Bangladesh | 3.35% | -27.0% |
| 53rd | Trinidad and Tobago | 3.36% | -31.7% |
| 54th | Israel | 3.37% | -10.5% |
| 55th | Singapore | 3.44% | 64.0% |
| 56th | Belarus | 3.46% | -3.3% |
| 57th | Korea, Democratic People’s Republic of | 3.46% | 0.2% |
| 58th | Malta | 3.48% | 0.1% |
| 59th | Kyrgyz Republic | 3.50% | -38.1% |
| 60th | Ecuador | 3.51% | -7.6% |
| 61st | Iceland | 3.52% | -2.1% |
| 62nd | Netherlands | 3.54% | -0.1% |
| 63rd | Norway | 3.57% | 9.9% |
| 64th | Burkina Faso | 3.60% | -5.9% |
| 65th | Cameroon | 3.61% | -1.1% |
| 66th | United States | 3.64% | -0.1% |
| 67th | Slovenia | 3.65% | -8.7% |
| 68th | Australia | 3.67% | -1.1% |
| 69th | New Zealand | 3.73% | 12.3% |
| 70th | Comoros | 3.83% | -1.2% |
| 71st | Malaysia | 3.86% | -1.1% |
| 72nd | Aruba | 4.00% | -7.0% |
| 73rd | Turkmenistan | 4.01% | -0.2% |
| 74th | Saudi Arabia | 4.01% | -17.8% |
| 75th | Maldives | 4.02% | -6.6% |
| 76th | United Kingdom | 4.03% | 5.9% |
| 77th | Switzerland | 4.04% | 86.7% |
| 78th | Hungary | 4.10% | 13.8% |
| 79th | India | 4.17% | -21.3% |
| 80th | San Marino | 4.22% | -17.9% |
| 81st | Ireland | 4.24% | -4.8% |
| 82nd | Bulgaria | 4.32% | 2.7% |
| 83rd | Uzbekistan | 4.43% | -50.0% |
| 84th | Congo, Democratic Republic of | 4.47% | -1.6% |
| 85th | Sri Lanka | 4.53% | -13.8% |
| 86th | China | 4.67% | -16.4% |
| 87th | Nicaragua | 4.70% | 33.3% |
| 88th | Kazakhstan | 4.84% | -0.8% |
| 89th | Peru | 4.90% | -36.8% |
| 90th | Samoa | 4.92% | -2.5% |
| 91st | Malawi | 5.01% | -0.2% |
| 92nd | Vanuatu | 5.01% | -1.3% |
| 93rd | Denmark | 5.09% | 103.1% |
| 94th | Guinea | 5.14% | -0.6% |
| 95th | Mongolia | 5.18% | -19.1% |
| 96th | Luxembourg | 5.18% | 7.8% |
| 97th | Pakistan | 5.24% | -15.5% |
| 98th | Guam | 5.26% | -2.2% |
| 99th | Austria | 5.26% | 11.0% |
| 100th | Brunei Darussalam | 5.30% | 7.9% |
| 101st | Fiji | 5.32% | -18.2% |
| 102nd | Kenya | 5.41% | -2.8% |
| 103rd | Canada | 5.42% | 3.1% |
| 104th | Belgium | 5.55% | -0.1% |
| 105th | Dominican Republic | 5.56% | 4.9% |
| 106th | Mauritius | 5.57% | -18.1% |
| 107th | Romania | 5.59% | -0.6% |
| 108th | Azerbaijan | 5.64% | -0.1% |
| 109th | Puerto Rico (US) | 5.73% | -4.6% |
| 110th | Paraguay | 5.79% | -13.8% |
| 111th | Cyprus | 5.84% | -7.0% |
| 112th | Slovak Republic | 5.84% | -5.5% |
| 113th | Zambia | 5.86% | -2.2% |
| 114th | Eritrea | 5.91% | -2.1% |
| 115th | Channel Islands | 5.93% | 0.1% |
| 116th | European Union | 6.03% | -2.2% |
| 117th | Honduras | 6.07% | -31.8% |
| 118th | Croatia | 6.12% | -9.8% |
| 119th | Argentina | 6.14% | -10.1% |
| 120th | Central African Republic | 6.18% | -1.7% |
| 121st | Estonia | 6.38% | 14.5% |
| 122nd | Latvia | 6.47% | -5.6% |
| 123rd | Gambia, The | 6.48% | 6.8% |
| 124th | Portugal | 6.50% | 4.9% |
| 125th | Barbados | 6.54% | -19.8% |
| 126th | Panama | 6.54% | -34.0% |
| 127th | Mozambique | 6.66% | -1.9% |
| 128th | Egypt, Arab Republic of | 6.75% | -7.8% |
| 129th | Lithuania | 6.84% | 15.0% |
| 130th | Tajikistan | 7.04% | -0.2% |
| 131st | Finland | 7.15% | 5.6% |
| 132nd | France | 7.34% | 0.5% |
| 133rd | Sweden | 7.61% | 1.7% |
| 134th | Italy | 7.63% | -6.0% |
| 135th | Suriname | 7.70% | -29.4% |
| 136th | Brazil | 7.95% | -14.1% |
| 137th | Iran, Islamic Republic of | 8.13% | -9.7% |
| 138th | Equatorial Guinea | 8.22% | -1.4% |
| 139th | Serbia | 8.27% | -13.1% |
| 140th | Belize | 8.28% | 35.7% |
| 141st | Costa Rica | 8.33% | -28.7% |
| 142nd | Uruguay | 8.36% | 6.2% |
| 143rd | Bahamas, The | 8.65% | -19.1% |
| 144th | Morocco | 8.90% | -24.6% |
| 145th | Chile | 9.01% | 14.4% |
| 146th | São Tomé and Principe | 9.03% | 0.8% |
| 147th | Zimbabwe | 9.35% | -7.3% |
| 148th | Türkiye | 9.39% | -9.7% |
| 149th | Colombia | 9.59% | -14.5% |
| 150th | Mauritania | 10.37% | -1.4% |
| 151st | Nepal | 10.44% | -2.1% |
| 152nd | Bosnia and Herzegovina | 10.67% | -30.7% |
| 153rd | Albania | 10.67% | -1.2% |
| 154th | New Caledonia | 10.92% | 2.0% |
| 155th | Lebanon | 10.99% | -5.3% |
| 156th | Greece | 11.02% | -11.3% |
| 157th | Virgin Islands (US) | 11.36% | -6.1% |
| 158th | Georgia | 11.55% | -33.2% |
| 159th | French Polynesia | 11.61% | -1.5% |
| 160th | Algeria | 11.65% | -6.0% |
| 161st | Cabo Verde | 11.88% | 39.8% |
| 162nd | Guyana | 11.92% | 0.1% |
| 163rd | St. Lucia | 12.09% | -24.1% |
| 164th | Spain | 12.18% | -6.6% |
| 165th | Rwanda | 12.35% | -18.1% |
| 166th | South Sudan | 12.37% | -0.8% |
| 167th | Armenia | 12.41% | -8.1% |
| 168th | Montenegro | 13.15% | -11.5% |
| 169th | North Macedonia | 13.17% | -8.4% |
| 170th | Syrian Arab Republic | 13.27% | 0.2% |
| 171st | Afghanistan | 14.01% | -0.7% |
| 172nd | Angola | 14.05% | -0.5% |
| 173rd | Haiti | 14.46% | -0.6% |
| 174th | Tunisia | 15.11% | -0.6% |
| 175th | Iraq | 15.24% | -1.1% |
| 176th | Lesotho | 16.35% | -1.7% |
| 177th | Jordan | 16.62% | -27.3% |
| 178th | Yemen, Republic of | 16.94% | -1.6% |
| 179th | St. Vincent and the Grenadines | 18.35% | -4.8% |
| 180th | Libya | 18.71% | -2.7% |
| 181st | Somalia, Fed. Rep. | 18.96% | -0.8% |
| 182nd | Ukraine | 19.07% | -22.2% |
| 183rd | Namibia | 19.15% | -2.4% |
| 184th | Congo, Republic of | 19.92% | -1.1% |
| 185th | Gabon | 20.16% | -0.8% |
| 186th | Botswana | 23.38% | -1.0% |
| 187th | Djibouti | 26.07% | -0.8% |
| 188th | South Africa | 32.10% | -4.2% |
| 189th | Eswatini | 34.61% | -5.1% |
| 190th | Sudan | 47.59% | 48.1% |
FAQ
What was Korea's unemployment rate in 2023?▾
Korea's unemployment rate in 2023 was 2.68%. This ranked 29th globally.
How did Korea's unemployment rate change in 2023?▾
Korea's unemployment rate decreased by 7.2% in 2023 compared to 2022.
Which country had the highest unemployment rate in 2023?▾
Sudan had the highest unemployment rate in 2023 at 47.59%.
What is the unemployment rate of Korea in 2023?▾
The unemployment rate of Korea in 2023 was 2.68%. This ranked 29th globally.
How does 2023 compare to 2022 for Korea's unemployment rate?▾
Korea's unemployment rate went from 2.86% in 2022 to 2.68% in 2023, a 7.2% decrease.
Related
2022
2024
All years
Full ranking 2023
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