See List: Nigeria unemployment rate becomes second highest globally after S/Africa
See List: Nigeria unemployment rate becomes second highest globally after S/Africa
Story from Christine TOBECHUKWU
Unemployment in Africa’s largest economy surged to the second highest on a global list of countries monitored by World of Statistics. Amidst the ever-changing economic landscape of the world, youth jobless rate in Nigeria rose to 53.4% while South Africa is leading with 62.1%.
According to the list released by the World of Statistics on Monday, 14th August, 2023, South Africa is ranked first with 62.1%, Nigeria is second with 53.4%, Spain is third with 27.4%, Sweden is fourth with 24.9%, and Serbia is fifth with 24.9%. These countries are the top five on the list with the highest rates of youth unemployment in the world.
South Korea (6.1%), Hong Kong (5.5%), Japan (4.2%), Kazakhstan (3.6%), and Switzerland (1.8%) are the nations with the lowest rankings.
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Here is the complete ranking.
South Africa: 62.1%
Nigeria: 53.4%
Spain: 27.4%
Sweden: 24.9%
Serbia: 24.9%
Sri Lanka: 23.8%
Greece: 23.6%
Albania: 22.5%
Romania: 21.7%
Iran: 21.6%
China: 21.3%
Italy: 21.3%
Turkey: 21.6%
Luxembourg: 19.6%
Croatia: 19%
Slovakia: 18.8%
Portugal: 17.2%
France: 16.9%
Jamaica: 16.7%
Finland: 15.8%
Estonia: 15.6%
Belgium: 13.9%
Lithuania: 13.8%
Hungary: 13.3%
Taiwan: 12.03%
United Kingdom: 11.4%
Latvia: 11%
Cyprus: 10.8%
Ireland: 10.7%
New Zealand: 10.3%
Poland: 10.3%
Canada: 10.2%
Norway: 10.2%
Austria: 9.6%
Denmark: 9.3%
Netherlands: 8.3%
United States: 8%
Australia: 7.75%
Vietnam: 7.41%
Thailand: 6.5%
Germany: 6.1%
South Korea: 6.1%
Hong Kong: 5.5%
Japan: 4.2%
Kazakhstan: 3.6%
Switzerland: 1.8%