LU2: Combined rate of time-related underemployment and unemployment in Vietnam
Vietnam: LU2: Combined rate of time-related underemployment and unemployment was 3.8 in 2024. ▼ Falling
LU2: Combined rate of time-related underemployment and unemployment in Vietnam, 2020–2024
Source: International Labour Organization.
Analysis
In 2024, lu2: combined rate of time-related underemployment and unemployment in Vietnam stood at 3.8. That is the lowest value across all 5 years on record.
The figure is down 4.6% on the previous year and down 18.1% over five years.
That places Vietnam 57th out of 58 countries with data for 2024, putting it in the bottom quarter.
LU2: Combined rate of time-related underemployment and unemployment in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2020 | 4.64 | — |
| 2021 | 5.81 | +25.1% |
| 2022 | 4.23 | -27.2% |
| 2023 | 3.99 | -5.7% |
| 2024 | 3.8 | -4.6% |
Vietnam compared with similar countries
- Vietnam's 3.8 is below the median for upper middle income countries, which is 9.93, 38% of the median. (9 countries reporting)
- Vietnam's 3.8 is below the median for East Asia & Pacific, which is 5.42, 70% of the median. (8 countries reporting)
Countries ranked near Vietnam
More work & labour data for Vietnam
- Persons outside the labour force (ILO modelled estimates) 22,535 (2027)
- Labour force participation rate (ILO modelled estimates) 71.95 (2027)
- Labour force (ILO modelled estimates) 57,816 (2027)
- Unemployment rate (ILO modelled estimates) 1.61 (2027)
- Labour dependency ratio 0.806 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,426 (2027)
- Output per worker, GDP constant 2015 US $ 8,480 (2027)
- Employment-to-population ratio (ILO modelled estimates) 70.79 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 3.1 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.7361 % change on previous year (2027)
Frequently asked questions
- What is lu2: combined rate of time-related underemployment and unemployment in Vietnam?
- Lu2: combined rate of time-related underemployment and unemployment in Vietnam was 3.8 in 2024, according to International Labour Organization.
- What is the highest lu2: combined rate of time-related underemployment and unemployment recorded in Vietnam?
- The highest recorded value was 5.81 in 2021.
- What is the lowest lu2: combined rate of time-related underemployment and unemployment recorded in Vietnam?
- The lowest recorded value was 3.8 in 2024.
- How does Vietnam rank for lu2: combined rate of time-related underemployment and unemployment?
- Vietnam ranks 57th out of 58 countries with data for 2024.
- Where does this Vietnam data come from?
- The figures come from International Labour Organization, published as part of LU2: Combined rate of time-related underemployment and unemployment (current ILO definition - ICLS19) (15+). Statizoid updates them automatically from the source API.
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About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series includes only countries for which the 19th ICLS definitions are applied. LU2 represents the share of the labour force that are either in unemployment or time-related underemployment. For more information, refer to the Work Statistics -- 19th ICLS (WORK) database description.