LU2: Combined rate of time-related underemployment and unemployment in Vietnam
Vietnam: LU2: Combined rate of time-related underemployment and unemployment was 2.35 in 2024. ▼ Falling
LU2: Combined rate of time-related underemployment and unemployment in Vietnam, 2007–2024
Source: International Labour Organization.
Analysis
In 2024, lu2: combined rate of time-related underemployment and unemployment in Vietnam stood at 2.35.
The figure is down 14.9% over ten years.
Over the whole period, lu2: combined rate of time-related underemployment and unemployment in Vietnam peaked at 4.3 in 2007 and was at its lowest, 1.83, in 2018.
Vietnam ranks 59th of 61 countries on this measure, in the bottom quarter.
LU2: Combined rate of time-related underemployment and unemployment in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 4.3 | — |
| 2011 | 3.17 | -26.3% |
| 2012 | 2.93 | -7.5% |
| 2013 | 3.12 | +6.4% |
| 2014 | 2.76 | -11.5% |
| 2015 | 2.44 | -11.6% |
| 2016 | 2.18 | -10.9% |
| 2018 | 1.83 | -15.7% |
| 2024 | 2.35 | +28.2% |
Vietnam compared with similar countries
- Vietnam's 2.35 is below the median for upper middle income countries, which is 8.85, 27% of the median. (23 countries reporting)
- Vietnam's 2.35 is above the median for East Asia & Pacific, which is 2.35, 1.0× the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.3 | 4.3 | 4.3 | 1 |
| 2010s | 2.63 | 1.83 | 3.17 | 7 |
| 2020s | 2.35 | 2.35 | 2.35 | 1 |
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 2.35 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 4.3 in 2007.
- What is the lowest lu2: combined rate of time-related underemployment and unemployment recorded in Vietnam?
- The lowest recorded value was 1.83 in 2018.
- How does Vietnam rank for lu2: combined rate of time-related underemployment and unemployment?
- Vietnam ranks 59th out of 61 countries with data for 2024.
- Is lu2: combined rate of time-related underemployment and unemployment rising or falling in Vietnam?
- Over the last ten years it is down 14.9%. The long-run trend across the full record is falling.
- 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 for persons ages 25 to 54 (previous ILO definition - ICLS13). 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 is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. LU2 represents the share of the labour force, in this case for persons of prime age (i.e., persons ages 25 to 54), that are either in unemployment or time-related underemployment. For more information, refer to the Gender Equality and Non-Discrimination Indicators (GEND) database description.