International Comparisons of Unemployment

The organisation for Economic Cooperation and Development (OECD) provides international comparisons on unemployment rates doe major internal economies.

Unemployment rates rose in almost all the OECD countries following the coronavirus outbreak, although the size of the increase varied widely.

Spain had the highest unemployment rate out of the OECD member states in Q1 2023 at 12.8%, followed by Greece at 10.9%. Czech Republic had the lowest at 2.5%.

Youth (aged 15-24) unemployment is a major issue in many developed economies at present. In Q1 2023 the youth unemployment rate was 29.6% in Spain, 27.7% in Costa Rica and 26.9% in Greece. It was 11.3% in the UK.


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