LU3: Combined rate of unemployment and potential labour force for in Vietnam
Vietnam: LU3: Combined rate of unemployment and potential labour force for was 0.905 in 2024. ▲ Rising
LU3: Combined rate of unemployment and potential labour force for in Vietnam, 2007–2024
Source: International Labour Organization.
Analysis
The most recent figure for lu3: combined rate of unemployment and potential labour force for in Vietnam is 0.905, measured in 2024. That is the lowest value across all 9 years on record.
That represents a change of down 15.7% over ten years.
Over the whole period, lu3: combined rate of unemployment and potential labour force for in Vietnam peaked at 2.56 in 2018 and was at its lowest, 0.905, in 2024.
That places Vietnam 64th out of 65 countries with data for 2024, putting it in the bottom quarter.
LU3: Combined rate of unemployment and potential labour force for in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 1.25 | — |
| 2011 | 1.46 | +16.3% |
| 2012 | 1.14 | -21.6% |
| 2013 | 1.25 | +9.4% |
| 2014 | 1.07 | -14.1% |
| 2015 | 1.34 | +25.0% |
| 2016 | 1.09 | -18.5% |
| 2018 | 2.56 | +134.2% |
| 2024 | 0.905 | -64.7% |
Vietnam compared with similar countries
- Vietnam's 0.905 is below the median for upper middle income countries, which is 8.22, 11% of the median. (23 countries reporting)
- Vietnam's 0.905 is below the median for East Asia & Pacific, which is 1.42, 64% of the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.25 | 1.25 | 1.25 | 1 |
| 2010s | 1.42 | 1.07 | 2.56 | 7 |
| 2020s | 0.905 | 0.905 | 0.905 | 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 lu3: combined rate of unemployment and potential labour force for in Vietnam?
- Lu3: combined rate of unemployment and potential labour force for in Vietnam was 0.905 in 2024, according to International Labour Organization.
- What is the highest lu3: combined rate of unemployment and potential labour force for recorded in Vietnam?
- The highest recorded value was 2.56 in 2018.
- What is the lowest lu3: combined rate of unemployment and potential labour force for recorded in Vietnam?
- The lowest recorded value was 0.905 in 2024.
- How does Vietnam rank for lu3: combined rate of unemployment and potential labour force for?
- Vietnam ranks 64th out of 65 countries with data for 2024.
- Is lu3: combined rate of unemployment and potential labour force for rising or falling in Vietnam?
- Over the last ten years it is down 15.7%. The long-run trend across the full record is rising.
- 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 for persons ages 25 to 54 (previous ILO definition - ICLS13). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under ILO Terms of Use (attribution required).
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. LU3 represents the share of the extended labour force, in this case for persons of prime age (i.e., persons ages 25 to 54), that are in unemployment or the potential labour force. For more information, refer to the Gender Equality and Non-Discrimination Indicators (GEND) database description.