Which G20 country has the highest unemployment rate?

As of October 2023, South Africa had the highest unemployment rate among the 19* countries that are members of the G20. The unemployment rate in South Africa stood at 33 percent that year.

Which country has the highest unemployment rate in the world 2022?

The world's five highest unemployment rates at the end of 2022 (latest information) were in Africa and occupied Palestine. South Africa: 29.8% Djibouti: 27.9% West Bank and Gaza: 25.7% Eswatini: 24.4% Republic of Congo: 21.8%1.

What is the youth unemployment rate in the US 2022?

U.S. youth unemployment rate for 2022 was 7.89% , a 1.81% decline from 2021. U.S. youth unemployment rate for 2021 was 9.71%, a 5.17% decline from 2020. U.S. youth unemployment rate for 2020 was 14.87%, a 6.5% increase from 2019. U.S. youth unemployment rate for 2019 was 8.37%, a 0.24% decline from 2018.

What are the top 10 countries with the lowest unemployment rate?

Here is a list of countries with the lowest unemployment rates in the world: Japan. Cote d'Ivoire. Lao PDR. Macao SAR. Poland. Guatemala. Kuwait. Czech Republic. More items... Oct 9, 2023

What country has the highest unemployment rate What is the rate?

Top Ten Countries with the Highest Unemployment (World Bank 2020 data): Country Rate (WB) South Africa 28.8% Tuvalu 26.6% Djibouti 26.1% Equatorial Guinea 25% 6 more rows

Which country has lowest employment rate?

Countries with the lowest employment rates 2022 Djibouti had the lowest employment-to-population ratio worldwide at less than 24 percent . Niger had the second lowest ratio, whereas Kosovo and Somalia both had below 28 percent. On the other hand, Qatar had the highest labor force participation rate.

What is a good unemployment rate for a country?

What's a good unemployment rate? A reasonable unemployment rate is somewhere between 3% and 5% . When unemployment is low, workers are usually paid more and will spend more, which is good for the economy. However, the additional money in circulation can help cause inflation, which if unchecked can be harmful.

Which country has highest unemployment rate in Asia?

Unemployment rate, 2022: Countries Unemployment rate, 2022 Global rank Palestine 24.42 1 Jordan 19.19 2 Yemen 17.61 3 Iraq 15.32 4 43 more rows

What is China's youth unemployment rate?

Unemployment rate stayed at 15.3% last month for people between 16 and 24 years old, the same as in February, according to data released Thursday by the National Bureau of Statistics.

Who has the worst unemployment rate?

Unemployment rate Rank Country % 1 Marshall Islands 36 2 South Africa 33.56 3 Kiribati 30.6 4 Kosovo 30.5 115 more rows

What is youth unemployment in USA?

U.S. youth unemployment rate seasonally adjusted 2022-2024 Youth unemployment stood at 8.8 percent in March 2024. Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends.

What age group is most unemployed?

The unemployment rate for people ages 16 to 24 in the United States in 2023 was 9.7 percent. However, this rate was much lower for people aged 45 and over, at 2.6 percent.

What is the high cost of youth unemployment?

A young person who has been unemployed for six months can expect to earn about $22,000 less over the next 10 years than they could have expected to earn had they not experienced a lengthy period of unemployment.

G20: Youth unemployment rate by country 2022 | Statista (2024)

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Published by

Einar H. Dyvik,

Jun 7, 2023

The youth unemployment rate of South Africa was over 50 percent in 2022, the highest of any G20 country. India, Italy, and Saudi Arabia followed, all with youth unemployment rates between 23 and 24 percent. In contrast, Japan's youth unemployment rate was the lowest at only 4.2 percent.