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Philippines Lowest Unemployment Rate

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

2.20% in 2023

Unemployment as % of total labor force · World Bank

The lowest unemployment rate in Philippines was 2.20% in 2023. The top 5 years were: 2023 (2.20%), 2024 (2.20%), 2025 (2.24%), 2019 (2.24%), 2018 (2.34%).

Top 5 Lowest Years▾

Philippines Top 5 Lowest Unemployment Rate Years
Rank	Year	Value
1st	2023	2.20%
2nd	2024	2.20%
3rd	2025	2.24%
4th	2019	2.24%
5th	2018	2.34%

All Data (sorted by value)▾

Year	Value	Change	Rank
2025	2.24%	−1.57pp	21st
2024	2.20%	−2.16pp	21st
2023	2.20%	−3.20pp	21st
2022	2.60%	−5.19pp	25th
2021	3.40%	−7.00pp	33rd
2020	2.52%	−2.58pp	17th
2019	2.24%	−3.09pp	23rd
2018	2.34%	−3.39pp	25th
2017	2.55%	−2.92pp	25th
2016	2.70%	−3.58pp	27th
2015	3.07%	−3.73pp	32nd
2014	3.60%	−3.48pp	46th
2013	3.50%	−3.48pp	41st
2012	3.50%	−3.52pp	40th
2011	3.59%	−3.73pp	44th
2010	3.61%	−3.87pp	42nd
2009	3.86%	−3.54pp	43rd
2008	3.72%	−3.61pp	51st
2007	3.43%	−4.52pp	46th
2006	4.05%	−7.30pp	56th
2005	3.80%	−8.03pp	46th
2004	3.55%	−7.85pp	39th
2003	3.53%	−7.87pp	35th
2002	3.62%	−7.51pp	42nd
2001	3.70%	−7.48pp	44th
2000	3.77%	−5.96pp	46th
1999	3.75%	−6.30pp	45th
1998	3.70%	−4.98pp	44th
1997	3.59%	−4.93pp	46th
1996	3.61%	−5.92pp	47th
1995	3.68%	−5.80pp	50th
1994	3.77%	−5.51pp	50th
1993	3.87%	−5.93pp	53rd
1992	3.85%	−6.65pp	65th
1991	3.73%	−4.67pp	68th
1990	8.40%	−0.73pp	48th
1989	9.13%	−0.27pp	49th
1988	9.40%	−1.66pp	46th
1987	11.06%	−0.62pp	46th
1986	11.68%	+0.62pp	46th
1985	11.06%	–	41st

Show all

Unemployment Rate (all years) Highest ever Average Unemployment Rate 1990s Unemployment Rate 2000s Unemployment Rate 2010s Unemployment Rate 2020s Youth Unemployment Labor Force Participation Female Labor Participation Agriculture Employment Industry Employment vs Bhutan vs Djibouti vs Eswatini vs Sri Lanka Global Ranking