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Mexico - Unemployment Rate 2024

Unemployment as % of total labor force · World Bank
2.68% −0.12pp from 2023 Global rank: 30th

Mexico's unemployment rate was 2.68% in 2024, decreased +0.12pp from 2.77% in 2023. This was the 30th highest globally.

Global Ranking - 2024
Unemployment Rate by Country - 2024
RankCountryValueYoY
1st Qatar 0.13% 0.0%
2nd Cambodia 0.25% -0.8%
3rd Niger 0.38% -7.6%
4th Thailand 0.78% -21.9%
5th Burundi 0.92% 0.4%
6th Chad 1.05% -0.6%
7th Bahrain 1.08% -82.8%
8th Lao PDR 1.17% -1.0%
9th Moldova 1.43% -68.9%
10th Solomon Islands 1.44% 0.1%
11th Andorra 1.48% -3.3%
12th Timor-Leste 1.52% -0.1%
13th Tanzania 1.56% -0.5%
14th Viet Nam 1.60% -30.3%
15th Benin 1.64% -0.2%
16th Cuba 1.76% 1.4%
17th Togo 1.95% 0.3%
18th Tonga 1.97% 18.9%
19th Kuwait 2.15% 3.4%
20th United Arab Emirates 2.16% 0.4%
21st Philippines 2.20% -49.5%
22nd Macao SAR, China 2.26% -14.6%
23rd Côte d'Ivoire 2.27% 0.4%
24th Russian Federation 2.43% -23.3%
25th Japan 2.50% -2.9%
26th Czechia 2.60% 0.9%
27th Guatemala 2.61% 11.5%
28th Papua New Guinea 2.63% -0.9%
29th Guinea-Bissau 2.65% 0.6%
30th Mexico 2.68% -4.2%
31st Liechtenstein 2.72% -3.9%
32nd Singapore 2.74% 42.2%
33rd Uganda 2.74% -0.5%
34th Korea 2.78% 2.8%
35th Senegal 2.79% 0.1%
36th Poland 2.81% -0.5%
37th Ghana 2.82% -0.3%
38th Myanmar 2.89% -3.0%
39th Liberia 2.91% 0.3%
40th Mali 2.92% -0.8%
41st Hong Kong SAR, China 2.99% 0.4%
42nd Seychelles 3.00% 0.0%
43rd Nigeria 3.05% -0.9%
44th Madagascar 3.05% 0.2%
45th Malta 3.10% -11.0%
46th Sierra Leone 3.10% 0.4%
47th Jamaica 3.15% -28.4%
48th Oman 3.20% 0.9%
49th El Salvador 3.26% -37.5%
50th Bolivia, Plurinational State of 3.27% -33.2%
51st Bhutan 3.28% -6.2%
52nd Indonesia 3.30% -38.0%
53rd Trinidad and Tobago 3.32% -16.7%
54th Germany 3.40% 10.3%
55th Burkina Faso 3.44% -4.4%
56th Ecuador 3.45% -3.3%
57th Belarus 3.46% 0.1%
58th Kyrgyz Republic 3.49% -12.4%
59th Saudi Arabia 3.52% -12.1%
60th Korea, Democratic People’s Republic of 3.54% 2.2%
61st Israel 3.60% 4.2%
62nd Iceland 3.60% 6.7%
63rd Cameroon 3.60% -0.1%
64th Bangladesh 3.64% 8.4%
65th Netherlands 3.70% 4.1%
66th Slovenia 3.70% 0.7%
67th Comoros 3.82% -0.5%
68th Malaysia 3.85% 20.2%
69th Australia 3.94% 6.5%
70th Norway 4.00% 11.3%
71st Turkmenistan 4.02% 0.3%
72nd United States 4.02% 10.7%
73rd India 4.17% -15.5%
74th Bulgaria 4.20% -4.4%
75th Sri Lanka 4.24% -15.2%
76th Aruba 4.27% 6.7%
77th Maldives 4.28% 6.4%
78th Ireland 4.30% -0.2%
79th Switzerland 4.34% 119.0%
80th United Kingdom 4.36% 7.7%
81st San Marino 4.41% 4.6%
82nd Congo, Democratic Republic of 4.42% -1.1%
83rd Uzbekistan 4.44% -34.8%
84th Hungary 4.50% 10.4%
85th China 4.59% -12.0%
86th New Zealand 4.72% 25.1%
87th Kazakhstan 4.83% 2.3%
88th Samoa 4.86% -1.3%
89th Cyprus 4.90% -15.8%
90th Honduras 4.91% -39.2%
91st Nicaragua 4.98% 48.1%
92nd Vanuatu 4.99% -0.5%
93rd Croatia 5.00% -19.6%
94th Malawi 5.05% 0.8%
95th Guinea 5.13% -0.2%
96th Mongolia 5.16% -2.7%
97th Brunei Darussalam 5.18% 0.5%
98th Peru 5.20% -23.4%
99th Austria 5.20% 2.0%
100th Guam 5.25% -0.2%
101st Slovak Republic 5.30% -9.0%
102nd Dominican Republic 5.31% 0.1%
103rd Denmark 5.36% 93.6%
104th Fiji 5.36% -17.5%
105th Romania 5.40% -3.0%
106th Kenya 5.49% 1.4%
107th Pakistan 5.49% -35.4%
108th Mauritius 5.55% -9.1%
109th Puerto Rico (US) 5.64% -4.4%
110th Azerbaijan 5.65% 3.5%
111th Paraguay 5.69% -3.4%
112th Belgium 5.70% 3.3%
113th Zambia 5.90% 0.6%
114th European Union 5.92% -1.7%
115th Eritrea 5.95% 0.6%
116th Channel Islands 6.03% 1.7%
117th Central African Republic 6.25% 1.2%
118th Canada 6.35% 18.0%
119th Luxembourg 6.40% 22.3%
120th Barbados 6.45% -21.5%
121st Gambia, The 6.48% 0.0%
122nd Italy 6.50% -15.4%
123rd Portugal 6.50% -1.3%
124th Mozambique 6.67% 0.1%
125th Brazil 6.80% -14.7%
126th Egypt, Arab Republic of 6.82% -5.1%
127th Lithuania 6.85% -0.3%
128th Latvia 6.90% 6.1%
129th Costa Rica 6.94% -4.9%
130th Tajikistan 7.04% 0.1%
131st Argentina 7.15% 16.7%
132nd Serbia 7.24% -23.2%
133rd France 7.40% 0.8%
134th Estonia 7.60% 19.2%
135th Suriname 7.62% -28.1%
136th Iran, Islamic Republic of 8.15% 0.9%
137th Uruguay 8.21% -1.4%
138th Equatorial Guinea 8.29% 0.9%
139th Finland 8.40% 16.1%
140th Sweden 8.40% 9.6%
141st Panama 8.45% 13.7%
142nd Belize 8.70% 160.0%
143rd Chile 8.72% 0.4%
144th Türkiye 8.80% -6.4%
145th Bahamas, The 9.05% -11.1%
146th São Tomé and Principe 9.06% 0.3%
147th Morocco 9.10% -30.0%
148th Zimbabwe 9.44% 0.9%
149th Colombia 9.62% -5.3%
150th Greece 10.02% -9.5%
151st St. Lucia 10.20% -15.7%
152nd Mauritania 10.26% -1.1%
153rd Nepal 10.50% 0.6%
154th Albania 10.69% 12.5%
155th Bosnia and Herzegovina 10.69% -19.0%
156th New Caledonia 10.99% 0.6%
157th Rwanda 11.33% -8.3%
158th Spain 11.40% -6.4%
159th Virgin Islands (US) 11.42% 0.6%
160th Georgia 11.56% -29.5%
161st French Polynesia 11.61% 0.0%
162nd Algeria 11.66% 0.1%
163rd Guyana 11.87% -0.4%
164th Cabo Verde 11.88% 39.8%
165th North Macedonia 12.27% -6.0%
166th Armenia 12.41% 0.0%
167th Ukraine 13.10% -31.3%
168th Montenegro 13.21% 0.5%
169th Syrian Arab Republic 13.36% 0.7%
170th Afghanistan 13.69% -2.3%
171st Angola 14.02% -0.2%
172nd Haiti 14.61% 1.0%
173rd Iraq 15.29% 0.4%
174th Tunisia 15.34% -6.5%
175th Lesotho 16.34% 0.0%
176th Jordan 16.69% -24.0%
177th Yemen, Republic of 16.97% 0.2%
178th St. Vincent and the Grenadines 18.09% -1.4%
179th Somalia, Fed. Rep. 18.95% -0.1%
180th Libya 19.09% 2.0%
181st Namibia 19.16% 0.0%
182nd Congo, Republic of 19.90% -0.1%
183rd Gabon 20.09% -0.3%
184th Botswana 23.81% 1.8%
185th Djibouti 26.01% -0.3%
186th South Africa 32.28% -0.3%
187th Eswatini 34.64% 0.1%
188th Sudan 60.85% 27.9%

FAQ

What was Mexico's unemployment rate in 2024?

Mexico's unemployment rate in 2024 was 2.68%. This ranked 30th globally.

How did Mexico's unemployment rate change in 2024?

Mexico's unemployment rate decreased by 4.2% in 2024 compared to 2023.

Which country had the highest unemployment rate in 2024?

Sudan had the highest unemployment rate in 2024 at 60.85%.

What is the unemployment rate of Mexico in 2024?

The unemployment rate of Mexico in 2024 was 2.68%. This ranked 30th globally.

How does 2024 compare to 2023 for Mexico's unemployment rate?

Mexico's unemployment rate went from 2.77% in 2023 to 2.68% in 2024, a 4.2% decrease.