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Philippines Unemployment Rate 2020s

Name: Philippines Unemployment Rate 2020s
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Unemployment as % of total labor force · World Bank

2.53% decade average (2020-2029)

Philippines's unemployment rate during the 2020s ranged from 2.20% (2023) to 3.40% (2021), averaging 2.53% over 6 years of data.

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2020s Data▾

Year	Value	Change	Rank
2020	2.52%	−2.58pp	17th
2021	3.40%	−7.00pp	33rd
2022	2.60%	−5.19pp	25th
2023	2.20%	−3.20pp	21st
2024	2.20%	−2.16pp	21st
2025	2.24%	−1.57pp	21st