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Korea Lowest Unemployment Rate

2.05% in 1996
Unemployment as % of total labor force · World Bank

The lowest unemployment rate in Korea was 2.05% in 1996. The top 5 years were: 1996 (2.05%), 1995 (2.06%), 1991 (2.41%), 1990 (2.46%), 1994 (2.48%).

Top 5 Lowest Years
Korea Top 5 Lowest Unemployment Rate Years
RankYearValue
1st 1996 2.05%
2nd 1995 2.06%
3rd 1991 2.41%
4th 1990 2.46%
5th 1994 2.48%
All Data (sorted by value)
YearValueChangeRank
2025 2.68% −0.12pp 29th
2024 2.78% +0.08pp 34th
2023 2.68% −0.21pp 29th
2022 2.86% −0.82pp 31st
2021 3.64% −0.32pp 39th
2020 3.93% +0.15pp 43rd
2019 3.75% −0.09pp 60th
2018 3.82% +0.14pp 55th
2017 3.65% −0.02pp 47th
2016 3.65% +0.06pp 45th
2015 3.55% +0.05pp 43rd
2014 3.08% −0.02pp 34th
2013 3.07% −0.16pp 32nd
2012 2.81% −0.60pp 27th
2011 2.99% −0.72pp 27th
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