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Papua New Guinea Annual Unemployment Rate

Papua New Guinea's annual unemployment rate rose to 2.74% in 2024, up from 2.66% in 2023, according to World Bank. This represents an increase of 0.08% from the previous year. Papua New Guinea has annual unemployment rate lower than the global median (2.74% vs median 5.23%). Compared with the median in Oceania, Papua New Guinea is lower (2.74% vs regional median 4.55%) and ranks 9th out of 11 countries in Oceania.

Yearly Historical Data (1991-2024)

(in %)
Year Annual Unemployment Rate (%)
2024 2.74%
2023 2.66%
2022 2.69%
2021 3%
2020 2.88%
2019 2.63%
2018 2.63%
2017 2.57%
2016 2.47%
2015 2.5%
2014 2.54%
2013 2.69%
2012 2.63%
2011 2.62%
2010 2%
2009 2.09%
2008 2.17%
2007 2.17%
2006 2.29%
2005 2.39%
2004 2.53%
2003 2.63%
2002 2.76%
2001 2.8%
2000 2.92%
1999 2.94%
1998 2.86%
1997 2.86%
1996 2.73%
1995 2.61%
1994 2.43%
1993 2.4%
1992 2.62%
1991 2.8%
Papua New Guinea Annual Unemployment Rate : Definition
Annual Unemployment Rate measures the percentage of Papua New Guinea's labor force that is looking for work but does not have a job.
Indicator Last Value Prior Value Period
Female Labor Force Rate 50.67% 50.65% 2024