Top 10 Countries with the Highest Projected Unemployment Rates in the World in 2023: Who's Number One?

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Cindy Mutia Annur 16/11/2023 18:15 WIB

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The International Monetary Fund (IMF) projects that Sudan will have the world's highest unemployment rate in 2023, at 46%.

Unemployment Rate Percentage Based on Top 10 Countries: IMF Projection (2023)

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Unemployment Rate Percentage Based on Top 10 Countries: IMF Projection (2023)

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The International Monetary Fund (IMF) projects that Sudan will have the world's highest unemployment rate in 2023, at 46% of its workforce.

The IMF's projection of Sudan's unemployment rate is based on an assumption that the conflict will end by the end of 2023. This is because the country has been experiencing a war between the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF) since April.

Prolonged political turmoil in Sudan is said to be disrupting economic stability and employment in the country.

South Africa is projected to have the second-highest unemployment rate at 32.8% this year. Below that are the West Bank and Gaza Strip (Palestine) with an estimated unemployment rate of 24.2%.

Ukraine and Georgia follow with projected unemployment rates of 19.4% and 18.4% in 2023, respectively. Spain is tenth, with a projected unemployment rate of 11.8%.

The following are the 10 countries with the highest projected unemployment rates in the world in 2023, according to the IMF:

1. Sudan: 46%
2. South Africa: 32.8%
3. West Bank and Gaza Strip (Palestine): 24.2%
4. Ukraine: 19.4%
5. Georgia: 18.4%
6. Bosnia and Herzegovina: 15.3%
7. North Macedonia: 14.3%
8. Armenia: 13.5%
9. Morocco: 12%
10. Spain: 11.8%

Meanwhile, Indonesia is ranked 58th globally with a projected unemployment rate of 5.3% in 2023. The IMF also projects that China's unemployment rate will be the same as Indonesia's this year.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Top 10 Countries with the Highest Projected Unemployment Rates in the World in 2023: Who's Number One?

Top 10 Countries with the Highest Projected Unemployment Rates in the World in 2023: Who's Number One?

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Top 10 Countries with the Highest Projected Unemployment Rates in the World in 2023: Who's Number One?

Top 10 Countries with the Highest Projected Unemployment Rates in the World in 2023: Who's Number One?

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