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Singapore Annual Unemployment Rate

Singapore's annual unemployment rate fell to 3.18% in 2024, down from 3.44% in 2023, according to World Bank. This represents a decrease of 0.26% from the previous year. Singapore has annual unemployment rate lower than the global median (3.18% vs median 5.23%). Compared with the median in Asia, Singapore is lower (3.18% vs regional median 4.05%) and ranks 29th out of 48 countries in Asia.

Yearly Historical Data (1991-2024)

(in %)
Year Annual Unemployment Rate (%)
2024 3.18%
2023 3.44%
2022 3.59%
2021 4.64%
2020 4.1%
2019 3.1%
2018 3.61%
2017 4.2%
2016 4.08%
2015 3.79%
2014 3.74%
2013 3.86%
2012 3.72%
2011 3.89%
2010 4.12%
2009 5.86%
2008 3.96%
2007 3.9%
2006 4.48%
2005 5.59%
2004 5.84%
2003 5.93%
2002 5.65%
2001 3.76%
2000 3.7%
1999 4.85%
1998 3.41%
1997 2.5%
1996 3.57%
1995 3.3%
1994 3.03%
1993 3.07%
1992 3.09%
1991 2.18%
Singapore Annual Unemployment Rate : Definition
Annual Unemployment Rate measures the percentage of Singapore's labor force that is looking for work but does not have a job.
Indicator Last Value Prior Value Period
Female Labor Force Rate 62.35% 61.97% 2024
Unemployment Rate 2% 2% Jun'25