24Peaks / Asia / South Korea / Unemployment Rate

South Korea - Unemployment Rate 2.68

World Bank WDI · updated 2026-10-15 · 187 economies tracked

Latest value

2.68 (2025)

Global rank

#n/a of 187 economies

vs global median

0.5×

Growth since 1991

1.11×

Ranking Race โ€” Unemployment Rate

1 = global #1 ยท lower value ranks higher

#1#15#29#43#57#71#8519911996200120062011201620212025#39#292023 overtook Senegal2025 overtook Mexico
South KoreaQatarCambodiaNigerThailand

Real annual global ranks, 1991 - 2025. South Korea climbed from #39 to #29 (overtook Senegal). Gaps in a lane = missing data that year.

Key events for South Korea ↓

Key Events โ€” South Korea

Auto-detected from rank data + curated milestones

1997
IMF crisis curated

Currency crisis forces an IMF bailout and deep restructuring.

1998
Fell 63 places in global rank auto
1999
V-shaped recovery curated

Rapid reform-driven rebound from the Asian crisis.

2000
Climbed 34 places in global rank auto
2009
Global crisis slowdown curated

Export slump hits growth before a fast recovery.

2020
Climbed 19 places in global rank auto
2020
COVID-19 management curated

Economy contracts slightly while exports stay resilient.

2023
Overtook Senegal in global rank auto

Unemployment Rate, 1991-2025

World Bank WDI · % of total labor force · linear scale · ranking in the race above
199120012011202120252.053.695.326.96

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