In a recent report released by the World of Statistics, Nigeria has been ranked as the country with the highest level of unemployment in the world, with an alarming rate of 33.3%.
This information was shared through the World of Statistics’ verified Twitter handle on Sunday, shedding light on the growing concern within Nigeria’s labor market.
Following closely behind Nigeria, South Africa has also been significantly affected by unemployment, with a rate of 32.9%. This places the country in second position on the list of nations with the highest unemployment rates. Spain follows next, with an unemployment rate of 13.26%, Greece at 11.2%, Colombia is 10.7% and Turkey, 10% making up the top Six.
Here’s the full list according to the ranking.
Average number of Unemployment rate:
Nigeria: 33.3%
South Africa: 32.9%
Spain: 13.26%
Greece: 11.2%
Colombia: 10.7%
Turkey: 10%
Iran: 9.7%
Uruguay: 8.8%
Chile: 8.7%
Brazil: 8.5%
Italy: 7.8%
India: 7.8%
Sweden: 7.5%
Portugal: 7.2%
Egypt: 7.1%
France: 7.1%
Euro area: 6.5%
Pakistan: 6.5%
Paraguay: 6.5%
Venezuela: 6.4%
Argentina: 6.3%
Austria: 5.9%
Belgium: 5.6%
Germany: 5.6%
Indonesia: 5.45%
China: 5.2%
Canada: 5%
Saudi Arabia: 4.8%
Bangladesh: 4.7%
Philippines: 4.7%
UK: 3.9%
Ireland: 3.8%
Australia: 3.7%
US: 3.7%
Norway: 3.5%
Netherlands: 3.4%
Russia: 3.3%
Mexico: 2.8%
UAE: 2.75%
Japan: 2.6%
South Korea: 2.6%
Denmark: 2.4%
Vietnam: 2.25%
Switzerland: 2%
Singapore: 1.8%
Thailand: 1.05%
Cambodia: 0.36%
Qatar: 0.1%