Unemployment rate (current ILO definition - ICLS19) in Vietnam
Vietnam: Unemployment rate (current ILO definition - ICLS19) was 2.05 in 2024. ▼ Falling
Unemployment rate (current ILO definition - ICLS19) in Vietnam, 2020–2024
Source: International Labour Organization.
Analysis
In 2024, unemployment rate (current ilo definition - icls19) in Vietnam stood at 2.05. That is the lowest value across all 5 years on record.
The figure is down 1.3% on the previous year and down 16.6% over five years.
Vietnam ranks 71st of 74 countries on this measure, in the bottom quarter.
Unemployment rate (current ILO definition - ICLS19) in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2020 | 2.46 | — |
| 2021 | 2.95 | +19.6% |
| 2022 | 2.12 | -27.9% |
| 2023 | 2.08 | -2.1% |
| 2024 | 2.05 | -1.3% |
Vietnam compared with similar countries
- Vietnam's 2.05 is below the median for upper middle income countries, which is 7.07, 29% of the median. (12 countries reporting)
- Vietnam's 2.05 is below the median for East Asia & Pacific, which is 3.63, 57% of the median. (11 countries reporting)
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 unemployment rate (current ilo definition - icls19) in Vietnam?
- Unemployment rate (current ilo definition - icls19) in Vietnam was 2.05 in 2024, according to International Labour Organization.
- What is the highest unemployment rate (current ilo definition - icls19) recorded in Vietnam?
- The highest recorded value was 2.95 in 2021.
- What is the lowest unemployment rate (current ilo definition - icls19) recorded in Vietnam?
- The lowest recorded value was 2.05 in 2024.
- How does Vietnam rank for unemployment rate (current ilo definition - icls19)?
- Vietnam ranks 71st out of 74 countries with data for 2024.
- Where does this Vietnam data come from?
- The figures come from International Labour Organization, published as part of Unemployment rate (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. The unemployment rate conveys the number of persons who are unemployed as a percent of the labour force (i.e., the employed plus the unemployed). The unemployed comprise all persons of working age who were: a) without work during the reference period, i.e. were not in paid employment or self-employment; b) currently available for work, i.e. were available for paid employment or self-employment during the reference period; and c) seeking work, i.e. had taken specific steps in a specified recent period to seek paid employment or self-employment. For more information, refer to the Work Statistics -- 19th ICLS (WORK) database description.