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Countries with the highest & lowest unemployment rates
12/8/2021 ~ 6:00:53 PM

In the table below, we show the 5 countries where unemployment is lowest and highest. This 2020 data is sourced from the International Labour Organization, and is one of the 31 datapoints we track for every Sovereign in our ESG database.

Country
% of workforce that is unemployed
Category
Cambodia
0.31%
East Asia & Pacific
Niger
0.69%
Sub-Saharan Africa
Solomon Islands
0.79%
East Asia & Pacific
Burundi
0.80%
Sub-Saharan Africa
Lao PDR
0.95%
East Asia & Pacific
-
-
-
Namibia
20.35%
Sub-Saharan Africa
Gabon
20.47%
Sub-Saharan Africa
Eswatini
23.40%
Sub-Saharan Africa
Lesotho
24.65%
Sub-Saharan Africa
South Africa
28.74%
Sub-Saharan Africa

It might surprise you that the lowest levels of unemployment occur in emerging markets. But it is a common misperception that, at a sovereign level, ESG ratings correlate strongly with GDP or credit ratings.

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