LU3: Combined rate of unemployment and potential labour force in Vietnam
Vietnam: LU3: Combined rate of unemployment and potential labour force was 2.31 in 2024. ▼ Falling
LU3: Combined rate of unemployment and potential labour force in Vietnam, 2020–2024
Source: International Labour Organization.
Analysis
Vietnam recorded 2.31 for lu3: combined rate of unemployment and potential labour force in 2024. That is the lowest value across all 5 years on record.
Compared with earlier readings it is down 3.7% on the previous year and down 14.9% over five years.
Vietnam ranks 63rd of 63 countries on this measure, in the bottom quarter.
LU3: Combined rate of unemployment and potential labour force in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2020 | 2.71 | — |
| 2021 | 3.85 | +42.1% |
| 2022 | 2.46 | -36.1% |
| 2023 | 2.4 | -2.7% |
| 2024 | 2.31 | -3.7% |
Vietnam compared with similar countries
- Vietnam's 2.31 is below the median for upper middle income countries, which is 10.99, 21% of the median. (10 countries reporting)
- Vietnam's 2.31 is below the median for East Asia & Pacific, which is 5.52, 42% of the median. (7 countries reporting)
Countries ranked near Vietnam
- 60 Russia 3.22 compare
- 61 Poland 3.19
- 62 United Arab Emirates 2.47 compare
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 lu3: combined rate of unemployment and potential labour force in Vietnam?
- Lu3: combined rate of unemployment and potential labour force in Vietnam was 2.31 in 2024, according to International Labour Organization.
- What is the highest lu3: combined rate of unemployment and potential labour force recorded in Vietnam?
- The highest recorded value was 3.85 in 2021.
- What is the lowest lu3: combined rate of unemployment and potential labour force recorded in Vietnam?
- The lowest recorded value was 2.31 in 2024.
- How does Vietnam rank for lu3: combined rate of unemployment and potential labour force?
- Vietnam ranks 63rd out of 63 countries with data for 2024.
- Where does this Vietnam data come from?
- The figures come from International Labour Organization, published as part of LU3: Combined rate of unemployment and potential labour force (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. LU3 represents the share of the extended labour force that are in unemployment or the potential labour force. For more information, refer to the Work Statistics -- 19th ICLS (WORK) database description.