Which country has the highest unemployment rate in the world?

The World of Statistics recently released statistics showing that Nigeria is the country with the highest unemployment rate in the world.

Nigeria tops the list of countries with the highest unemployment rates. (Source: Punch)

Specifically, Nigeria's unemployment rate is 33.3%, followed by South Africa with 32.9% and Iran with 15.55%.

According to the Nigerian National Bureau of Statistics, Nigeria's unemployment rate increased from 27.1% in the second quarter of 2020 to 33% in the fourth quarter of 2020.

In a more recent report by multinational consulting firm KPMG, the unemployment rate in Nigeria has increased to 37.7% by 2022 and will continue to increase to 40.6% as job seekers continue to pour into the market.

Unemployment will continue to be a challenge due to slow economic growth and the economy's inability to absorb about 4-5 million new workers each year, KPMG said.

The lowest unemployment rates, according to the World of Statistics report, are in countries like Qatar (0.1%), Cambodia (0.36%) and Niger (0.5%).

Source: https://baoquocte.vn/quoc-gia-nao-co-ty-le-that-nghiep-cao-nhat-the-gioi-237846.html