LU3: Combined rate of unemployment and potential labour force in Vietnam
Vietnam: LU3: Combined rate of unemployment and potential labour force was 1.6 in 2024. ◆ Volatile
LU3: Combined rate of unemployment and potential labour force in Vietnam, 2010–2024
Source: International Labour Organization.
Analysis
Vietnam recorded 1.6 for lu3: combined rate of unemployment and potential labour force in 2024. That is the lowest value across all 15 years on record.
That represents a change of down 9.9% on the previous year and down 18.8% over ten years.
Over the whole period, lu3: combined rate of unemployment and potential labour force in Vietnam peaked at 7.06 in 2018 and was at its lowest, 1.6, in 2024.
That places Vietnam 88th out of 89 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
LU3: Combined rate of unemployment and potential labour force in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2010 | 2.77 | — |
| 2011 | 2.08 | -24.9% |
| 2012 | 1.8 | -13.3% |
| 2013 | 2.1 | +16.3% |
| 2014 | 1.97 | -6.0% |
| 2015 | 2.61 | +32.5% |
| 2016 | 2.49 | -4.6% |
| 2017 | 2.44 | -2.1% |
| 2018 | 7.06 | +189.4% |
| 2019 | 2 | -71.6% |
| 2020 | 2.34 | +16.7% |
| 2021 | 3.23 | +38.1% |
| 2022 | 1.88 | -41.6% |
| 2023 | 1.77 | -5.8% |
| 2024 | 1.6 | -9.9% |
Vietnam compared with similar countries
- Vietnam's 1.6 is below the median for upper middle income countries, which is 9.28, 17% of the median. (26 countries reporting)
- Vietnam's 1.6 is below the median for East Asia & Pacific, which is 4.84, 33% of the median. (11 countries reporting)
Biggest year-on-year movements
Years where LU3: Combined rate of unemployment and potential labour force in Vietnam changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +189.4% | 2.44 | 7.06 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.73 | 1.8 | 7.06 | 10 |
| 2020s | 2.16 | 1.6 | 3.23 | 5 |
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 in Vietnam?
- Lu3: combined rate of unemployment and potential labour force in Vietnam was 1.6 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 7.06 in 2018.
- What is the lowest lu3: combined rate of unemployment and potential labour force recorded in Vietnam?
- The lowest recorded value was 1.6 in 2024.
- How does Vietnam rank for lu3: combined rate of unemployment and potential labour force?
- Vietnam ranks 88th out of 89 countries with data for 2024.
- Is lu3: combined rate of unemployment and potential labour force rising or falling in Vietnam?
- Over the last ten years it is down 18.8%. The long-run trend across the full record is volatile.
- 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 (previous ILO definition - ICLS13) (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 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 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.