Unemployment rate (IMF) — all countries

Unemployment rate (IMF) — South Korea

Unemployment rate (IMF) in South Korea in 2031 — 2.8%. Ranked 10 in the world out of 102. Since 1980, the indicator has fallen by 2.4 pp.

2031 2.8% +0 pp vs 2030
World rank 10of 102
Period maximum 7%1998
Period minimum 2.1%1995

Trend over time

1980–2031 · % of labor force

Unemployment rate (IMF) — South Korea, 1980–20310246819801986199219982004201020162022202820311980: 5.2%1981: 4.5%1982: 4.1%1983: 4.1%1984: 3.9%1985: 4%1986: 3.8%1987: 3.1%1988: 2.5%1989: 2.6%1990: 2.5%1991: 2.5%1992: 2.5%1993: 2.9%1994: 2.5%1995: 2.1%1996: 2.1%1997: 2.6%1998: 7%1999: 6.6%2000: 4.4%2001: 4%2002: 3.3%2003: 3.6%2004: 3.7%2005: 3.8%2006: 3.5%2007: 3.3%2008: 3.2%2009: 3.6%2010: 3.7%2011: 3.4%2012: 3.2%2013: 3.1%2014: 3.5%2015: 3.6%2016: 3.7%2017: 3.7%2018: 3.8%2019: 3.8%2020: 4%2021: 3.7%2022: 2.9%2023: 2.7%2024: 2.8%2025: 2.8%2026: 2.8%2027: 2.9%2028: 2.8%2029: 2.8%2030: 2.8%2031: 2.8%
Change over the period: −2.4 pp Annual average: -0.05 pp
Unemployment rate (IMF) — South Korea, by year South Korea All countries CSV XLSX
Year % Change, pp
2031 2.8 +0 pp
2030 2.8 +0 pp
2029 2.8 +0 pp
2028 2.8 −0.1 pp
2027 2.9 +0.1 pp
2026 2.8 +0 pp
2025 2.8 +0 pp
2024 2.8 +0.1 pp
2023 2.7 −0.2 pp
2022 2.9 −0.8 pp
2021 3.7 −0.3 pp
2020 4 +0.2 pp
2019 3.8 +0 pp
2018 3.8 +0.1 pp
2017 3.7 +0 pp
2016 3.7 +0.1 pp
2015 3.6 +0.1 pp
2014 3.5 +0.4 pp
2013 3.1 −0.1 pp
2012 3.2 −0.2 pp
2011 3.4 −0.3 pp
2010 3.7 +0.1 pp
2009 3.6 +0.4 pp
2008 3.2 −0.1 pp
2007 3.3 −0.2 pp
2006 3.5 −0.3 pp
2005 3.8 +0.1 pp
2004 3.7 +0.1 pp
2003 3.6 +0.3 pp
2002 3.3 −0.7 pp
2001 4 −0.4 pp
2000 4.4 −2.2 pp
1999 6.6 −0.4 pp
1998 7 +4.4 pp
1997 2.6 +0.5 pp
1996 2.1 +0 pp
1995 2.1 −0.4 pp
1994 2.5 −0.4 pp
1993 2.9 +0.4 pp
1992 2.5 +0 pp
1991 2.5 +0 pp
1990 2.5 −0.1 pp
1989 2.6 +0.1 pp
1988 2.5 −0.6 pp
1987 3.1 −0.7 pp
1986 3.8 −0.2 pp
1985 4 +0.1 pp
1984 3.9 −0.2 pp
1983 4.1 +0 pp
1982 4.1 −0.4 pp
1981 4.5 −0.7 pp
1980 5.2

Eastern Asia, 2031

The same indicator for neighboring countries — with links to their pages

About the indicator

The unemployment rate as a percent of the labor force, from the IMF World Economic Outlook database. The series is shorter than the ILO one: the IMF publishes it only for countries with comparable labor market statistics, but in exchange it includes a forecast. For full country coverage there is the unemployment rate based on ILO data.

Source: World Economic Outlook (IMF), license IMF open data.