South Korea Unemployment Rate 1960-2024

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • South Korea unemployment rate for 2022 was 2.86%, a 0.78% decline from 2021.
  • South Korea unemployment rate for 2021 was 3.64%, a 0.29% 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.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
Spain 12.92%
Virgin Islands (U.S.) 12.86%
Greece 12.43%
French Polynesia 11.80%
New Caledonia 11.03%
Bahamas 10.09%
Barbados 8.50%
Chile 8.25%
Italy 8.07%
Uruguay 7.87%
Sweden 7.39%
France 7.31%
Croatia 6.96%
Latvia 6.81%
Argentina 6.81%
Cyprus 6.78%
Finland 6.72%
Slovak Republic 6.14%
Channel Islands 6.03%
Portugal 6.01%
Puerto Rico 6.00%
Lithuania 5.96%
Saudi Arabia 5.59%
Estonia 5.57%
Guam 5.57%
Belgium 5.56%
Austria 4.99%
Luxembourg 4.58%
Ireland 4.48%
Brunei 4.45%
Denmark 4.43%
Hong Kong 4.32%
Switzerland 4.30%
Slovenia 4.01%
Trinidad and Tobago 3.81%
Iceland 3.79%
United Kingdom 3.73%
Australia 3.70%
Israel 3.70%
Hungary 3.61%
Singapore 3.59%
Netherlands 3.52%
New Zealand 3.30%
Norway 3.23%
Germany 3.14%
UAE 2.97%
Malta 2.92%
Poland 2.89%
South Korea 2.86%
Japan 2.60%
Macao 2.41%
Czech Republic 2.22%
Kuwait 2.20%
Oman 1.53%
Bahrain 1.34%
Qatar 0.13%
Antigua and Barbuda 0.00%
Gibraltar 0.00%
Liechtenstein 0.00%
Northern Mariana Islands 0.00%
British Virgin Islands 0.00%
Isle of Man 0.00%
Palau 0.00%
San Marino 0.00%
Bermuda 0.00%
Faroe Islands 0.00%
Monaco 0.00%
Andorra 0.00%
Cayman Islands 0.00%
St. Kitts and Nevis 0.00%
St. Martin (French part) 0.00%
Turks and Caicos Islands 0.00%
Aruba 0.00%
Curacao 0.00%
Seychelles 0.00%
Sint Maarten (Dutch part) 0.00%
Greenland 0.00%
South Korea Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2022 2.86% -0.78%
2021 3.64% -0.29%
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% 2.41%
1990 0.00% 0.00%
1989 0.00% 0.00%
1988 0.00% 0.00%
1987 0.00% 0.00%
1986 0.00% 0.00%
1985 0.00% 0.00%
1984 0.00% 0.00%
1983 0.00% 0.00%
1982 0.00% 0.00%
1981 0.00% 0.00%
1980 0.00% 0.00%
1979 0.00% 0.00%
1978 0.00% 0.00%
1977 0.00% 0.00%
1976 0.00% 0.00%
1975 0.00% 0.00%
1974 0.00% 0.00%
1973 0.00% 0.00%
1972 0.00% 0.00%
1971 0.00% 0.00%
1970 0.00% 0.00%
1969 0.00% 0.00%
1968 0.00% 0.00%
1967 0.00% 0.00%
1966 0.00% 0.00%
1965 0.00% 0.00%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%