LU3: Combined rate of unemployment and potential labour force in Finland
Finland: LU3: Combined rate of unemployment and potential labour force was 12.87 in 2024. ▼ Falling
LU3: Combined rate of unemployment and potential labour force in Finland, 1998–2024
Source: International Labour Organization.
Analysis
Finland recorded 12.87 for lu3: combined rate of unemployment and potential labour force in 2024.
The figure is up 12.7% on the previous year and down 10.0% over ten years.
Over the whole period, lu3: combined rate of unemployment and potential labour force in Finland peaked at 20.49 in 1998 and was at its lowest, 10.07, in 2008.
That places Finland 24th out of 89 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
LU3: Combined rate of unemployment and potential labour force in Finland, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 20.49 | — |
| 1999 | 17.23 | -15.9% |
| 2000 | 16.36 | -5.1% |
| 2001 | 14.86 | -9.1% |
| 2002 | 15.06 | +1.3% |
| 2003 | 14.83 | -1.5% |
| 2004 | 14.71 | -0.8% |
| 2005 | 14 | -4.8% |
| 2006 | 13.27 | -5.3% |
| 2007 | 11.03 | -16.8% |
| 2008 | 10.07 | -8.7% |
| 2009 | 12.02 | +19.3% |
| 2010 | 12.74 | +6.0% |
| 2011 | 12.38 | -2.9% |
| 2012 | 12.43 | +0.4% |
| 2013 | 13.2 | +6.2% |
| 2014 | 14.3 | +8.3% |
| 2015 | 14.88 | +4.0% |
| 2016 | 14.73 | -1.0% |
| 2017 | 14.39 | -2.3% |
| 2018 | 12.81 | -10.9% |
| 2019 | 11.36 | -11.4% |
| 2020 | 13.13 | +15.6% |
| 2021 | 11.46 | -12.7% |
| 2022 | 10.91 | -4.8% |
| 2023 | 11.42 | +4.6% |
| 2024 | 12.87 | +12.7% |
Finland compared with similar countries
- Finland's 12.87 is above the median for high income countries, which is 7.45, 1.7× the median. (46 countries reporting)
- Finland's 12.87 is above the median for Europe & Central Asia, which is 8.71, 1.5× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.86 | 17.23 | 20.49 | 2 |
| 2000s | 13.62 | 10.07 | 16.36 | 10 |
| 2010s | 13.32 | 11.36 | 14.88 | 10 |
| 2020s | 11.96 | 10.91 | 13.13 | 5 |
Countries ranked near Finland
- 21 Bosnia and Herzegovina 13.59 compare
- 22 Spain 13.54 compare
- 23 Italy 13.46 compare
- 25 Saudi Arabia 11.61 compare
- 26 Luxembourg 11.47 compare
- 27 Estonia 11.3 compare
More work & labour data for Finland
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.3571 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.35 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.3641 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.59 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.2994 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 5,282 1000 No (2050)
- Population - Est. & Proj. — Rural population 583.99 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 2,261 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 2,341 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 4,601 1000 No (2100)
Frequently asked questions
- What is lu3: combined rate of unemployment and potential labour force in Finland?
- Lu3: combined rate of unemployment and potential labour force in Finland was 12.87 in 2024, according to International Labour Organization.
- What is the highest lu3: combined rate of unemployment and potential labour force recorded in Finland?
- The highest recorded value was 20.49 in 1998.
- What is the lowest lu3: combined rate of unemployment and potential labour force recorded in Finland?
- The lowest recorded value was 10.07 in 2008.
- How does Finland rank for lu3: combined rate of unemployment and potential labour force?
- Finland ranks 24th out of 89 countries with data for 2024.
- Is lu3: combined rate of unemployment and potential labour force rising or falling in Finland?
- Over the last ten years it is down 10.0%. The long-run trend across the full record is falling.
- Where does this Finland data come from?
- The figures come from International Labour Organization, published as part of LU3: Combined rate of unemployment and potential labour force (previous ILO definition - ICLS13) (15+). Statizoid updates them automatically from the source API.
Download this data
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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. LU3 represents the share of the extended labour force that are in unemployment or the potential labour force. Data disaggregated by level of education are provided on the highest level of education completed, classified according to the International Standard Classification of Education (ISCED). Data may have been regrouped from national classifications, which may not be strictly compatible with ISCED. For more information, refer to the Education and Mismatch Indicators (EMI) database description.