South Korea Unemployment Rate 1991-2022

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • South Korea unemployment rate for 2021 was 3.53%, a 0.4% decline from 2020.
  • South Korea unemployment rate for 2020 was 3.93%, a 0.18% increase from 2019.
  • South Korea unemployment rate for 2019 was 3.75%, a 0.07% decline from 2018.
  • South Korea unemployment rate for 2018 was 3.82%, a 0.17% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
New Caledonia 16.57%
Greece 14.80%
Spain 14.73%
French Polynesia 14.39%
Virgin Islands (U.S.) 13.27%
Bahamas 13.24%
Panama 12.09%
Argentina 10.90%
Uruguay 10.45%
Barbados 10.41%
Italy 9.83%
Chile 9.13%
Croatia 8.68%
Sweden 8.66%
Puerto Rico 8.27%
France 8.06%
Lithuania 7.90%
Brunei 7.65%
Latvia 7.60%
Finland 7.53%
Canada 7.51%
Channel Islands 7.37%
Saudi Arabia 7.36%
Guam 6.98%
Slovak Republic 6.74%
Portugal 6.65%
Ireland 6.63%
Belgium 6.42%
Estonia 6.33%
Austria 6.30%
Cyprus 6.13%
United States 5.46%
Iceland 5.40%
Switzerland 5.32%
Hong Kong 5.32%
Luxembourg 5.23%
Australia 5.11%
Israel 5.05%
Norway 4.99%
Trinidad and Tobago 4.81%
Denmark 4.80%
United Kingdom 4.53%
Slovenia 4.42%
New Zealand 4.12%
Hungary 4.12%
Netherlands 4.01%
Kuwait 3.71%
Singapore 3.62%
Germany 3.54%
South Korea 3.53%
Malta 3.50%
Poland 3.37%
UAE 3.36%
Oman 3.12%
Macao 3.01%
Czech Republic 2.89%
Japan 2.80%
Bahrain 1.87%
Qatar 0.26%
South Korea Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2021 3.53% -0.40%
2020 3.93% 0.18%
2019 3.75% -0.07%
2018 3.82% 0.17%
2017 3.65% 0.00%
2016 3.65% 0.10%
2015 3.55% 0.47%
2014 3.08% 0.33%
2013 2.75% -0.06%
2012 2.81% -0.18%
2011 2.99% -0.33%
2010 3.32% -0.04%
2009 3.36% 0.40%
2008 2.96% -0.05%
2007 3.01% -0.24%
2006 3.25% -0.23%
2005 3.48% 0.06%
2004 3.42% 0.07%
2003 3.35% 0.30%
2002 3.05% -0.65%
2001 3.70% -0.36%
2000 4.06% -2.28%
1999 6.34% -0.62%
1998 6.96% 4.35%
1997 2.61% 0.56%
1996 2.05% -0.01%
1995 2.06% -0.42%
1994 2.48% -0.40%
1993 2.88% 0.37%
1992 2.51% 0.10%
1991 2.41% 0.10%