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Malaysia Annual Unemployment Rate

Malaysia's annual unemployment rate fell to 3.83% in 2024, down from 3.87% in 2023, according to World Bank. This represents a decrease of 0.04% from the previous year. Malaysia has annual unemployment rate lower than the global median (3.83% vs median 5.23%). Compared with the median in Asia, Malaysia is lower (3.83% vs regional median 4.05%) and ranks 26th out of 48 countries in Asia.

Yearly Historical Data (1991-2024)

(in %)
Year Annual Unemployment Rate (%)
2024 3.83%
2023 3.87%
2022 3.93%
2021 4.64%
2020 4.54%
2019 3.26%
2018 3.3%
2017 3.41%
2016 3.44%
2015 3.1%
2014 2.88%
2013 3.16%
2012 3.1%
2011 3.05%
2010 3.39%
2009 3.66%
2008 3.32%
2007 3.23%
2006 3.32%
2005 3.53%
2004 3.54%
2003 3.61%
2002 3.48%
2001 3.53%
2000 3%
1999 3.43%
1998 3.2%
1997 2.45%
1996 2.52%
1995 3.15%
1994 3.64%
1993 4.11%
1992 3.71%
1991 3.7%
Malaysia Annual Unemployment Rate : Definition
Annual Unemployment Rate measures the percentage of Malaysia's labor force that is looking for work but does not have a job.
Indicator Last Value Prior Value Period
Female Labor Force Rate 51.6% 51.57% 2024
Unemployment Rate 3% 3% Aug'25