Top Five Countries With Highest Unemployment Rate; Number One Will Shock You
Unemployment is one of the leading concerns to citizens at the moment. Here are the top five countries with the highest unemployment rate as of August 2023.
These statistics were released on Twitter now called ‘X’ by the World of Statistics.
5. Afghanistan
Afghanistan is the fifth country in the world with the highest rate of unemployment. Per the World Bank, from the year 2020 to 2021, the unemployment rate in Afghanistan increased from 11.70 percent to 13.30 percent.
There has been a massive increase in the rate of unemployment is Afghanistan the last five to seven years. According to World of Statistics, Afghanistan has a current unemployment rate of 13.3 percent.
4. Bosnia and Herzegovina
According to the Bosnia and Herzegovina Agency for Statistics (BHAS), the rate of unemployment minimized to 13.30 % in the first quarter of this year, 2023. The unemployment rate in the fourth quarter of last year, 2022 was 14.30% and this is a massive decrement.
As of 2023, and according to the World of Statistics, the unemployment rate in Bosnia and Herzegovina is 13.30 percent.
3. Iraq
The unemployment rate in Iraq in 2021 was 16.17 percent and decreased to 15.55 percent. As of August 2023, and according to the World of Statistics, the unemployment rate in Iraq is still at 15.55 percent.
Although there was a massive increase from the year 2019 to 2020; 15.11 percent to 16.23 percent.
2. South Africa
South Africa is a country located in the Southern part of Africa with over 60 million population. According to the data released, the unemployment rate in the second quarter of this year, 2023 has decreased to 32.6%.
Although there was a massive increase to 32.9 percent in the first quarter of 2023, according to the World of Statistics, as of August 2023, the unemployment rate in South Africa is 32.6 percent.
1. Nigeria
A federal republic comprising of 36 states with Niger being the largest state and Lagos being the largest city, Nigeria is ranked the first country with the highest rate of unemployment as of August 2023.
According to the World of Statistics, the current unemployment rate in Nigeria stands at 33.3 percent.
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