Major Countries Annual Unemployment Rate Ranking (2024)
In 2024, annual unemployment rate among major countries was highest in Spain at 11.39%, followed by Turkey at 8.45% and Brazil at 7.63%. The average annual unemployment rate across major countries was 4.89%, the median was 4.11%, and Russia recorded the lowest annual unemployment rate at 2.53%, according to the World Bank.
Data is available for the period 1991 to 2024 across 20 major countries.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 11.39% | 12.18% | 2024 | |
| 2 | 8.45% | 9.39% | 2024 | |
| 3 | 7.63% | 7.95% | 2024 | |
| 4 | 7.37% | 7.34% | 2024 | |
| 5 | 6.78% | 7.63% | 2024 | |
| 6 | 6.45% | 5.42% | 2024 | |
| 7 | 4.57% | 4.67% | 2024 | |
| 8 | 4.2% | 4.17% | 2024 | |
| 9 | 4.11% | 3.98% | 2024 | |
| 10 | 4.11% | 3.64% | 2024 | |
| 11 | 4.07% | 3.67% | 2024 | |
| 12 | 3.9% | 4.01% | 2024 | |
| 13 | 3.6% | 3.54% | 2024 | |
| 14 | 3.41% | 3.07% | 2024 | |
| 15 | 3.3% | 3.31% | 2024 | |
| 16 | 2.71% | 2.77% | 2024 | |
| 17 | 2.6% | 2.67% | 2024 | |
| 18 | 2.56% | 2.6% | 2024 | |
| 19 | 2.53% | 3.08% | 2024 |
Major Countries Annual Unemployment Rate Ranking (2024) : Definition
Annual Unemployment Rate measures the share of the labor force that is without work, available for work and actively seeking work, reported as a percentage for the reference year (ILO definition).