Unemployment rate young vs older adults in Republic of Korea
Republic of Korea: Unemployment rate young vs older adults was 6.43 in 2024. ▬ Flat
Latest (2024)
6.43
Change on year
up 19.0%
World rank
151st
of 188 countries
All-time high
15.72
in 1998
All-time low
5.41
in 2023
Years of data
34
1991–2024
Unemployment rate young vs older adults in Republic of Korea, 1991–2024
Source: Our World in Data.
Analysis
Republic of Korea recorded 6.43 for unemployment rate young vs older adults in 2024.
That represents a change of up 19.0% on the previous year and down 25.1% over ten years.
Over the whole period, unemployment rate young vs older adults in Republic of Korea peaked at 15.72 in 1998 and was at its lowest, 5.41, in 2023.
Republic of Korea ranks 151st of 188 countries on this measure, in the bottom quarter.
Unemployment rate young vs older adults in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 7.16 | — |
| 1992 | 7.49 | +4.5% |
| 1993 | 8.79 | +17.4% |
| 1994 | 7.12 | -18.9% |
| 1995 | 6.16 | -13.5% |
| 1996 | 6.01 | -2.5% |
| 1997 | 7.47 | +24.3% |
| 1998 | 15.72 | +110.5% |
| 1999 | 13.9 | -11.6% |
| 2000 | 10 | -28.0% |
| 2001 | 9.36 | -6.4% |
| 2002 | 7.9 | -15.6% |
| 2003 | 9.42 | +19.3% |
| 2004 | 9.8 | +4.0% |
| 2005 | 9.32 | -4.9% |
| 2006 | 8.92 | -4.3% |
| 2007 | 7.85 | -11.9% |
| 2008 | 8.65 | +10.1% |
| 2009 | 9.22 | +6.6% |
| 2010 | 8.54 | -7.4% |
| 2011 | 8.3 | -2.8% |
| 2012 | 7.74 | -6.7% |
| 2013 | 8.94 | +15.6% |
| 2014 | 8.59 | -3.9% |
| 2015 | 9.9 | +15.2% |
| 2016 | 10.14 | +2.5% |
| 2017 | 9.78 | -3.6% |
| 2018 | 10.12 | +3.5% |
| 2019 | 9.83 | -2.9% |
| 2020 | 10.14 | +3.2% |
| 2021 | 8.05 | -20.6% |
| 2022 | 6.64 | -17.6% |
| 2023 | 5.41 | -18.6% |
| 2024 | 6.43 | +19.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.87 | 6.01 | 15.72 | 9 |
| 2000s | 9.04 | 7.85 | 10 | 10 |
| 2010s | 9.19 | 7.74 | 10.14 | 10 |
| 2020s | 7.33 | 5.41 | 10.14 | 5 |
Countries ranked near Republic of Korea
More work & labour data for Republic of Korea
- Persons outside the labour force (ILO modelled estimates) 16,840 (2027)
- Labour force participation rate (ILO modelled estimates) 63.91 (2027)
- Labour force (ILO modelled estimates) 29,824 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 0.9719 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -0.1065 % change on previous year (2027)
- Legislation on sexual harassment in employment 1 (2023)
- Criminal penalties or civil remedies sexual harassment in employment 1 (2023)
- Women can take the same jobs as men 1 (2023)
- Labor force participation rate, total (% of total population ages 15+) 64.4% (2025)
- Labor force participation rate, male (% of male population ages 15+) 72.0% (2025)
Frequently asked questions
- What is unemployment rate young vs older adults in Republic of Korea?
- Unemployment rate young vs older adults in Republic of Korea was 6.43 in 2024, according to Our World in Data.
- What is the highest unemployment rate young vs older adults recorded in Republic of Korea?
- The highest recorded value was 15.72 in 1998.
- What is the lowest unemployment rate young vs older adults recorded in Republic of Korea?
- The lowest recorded value was 5.41 in 2023.
- How does Republic of Korea rank for unemployment rate young vs older adults?
- Republic of Korea ranks 151st out of 188 countries with data for 2024.
- Is unemployment rate young vs older adults rising or falling in Republic of Korea?
- Over the last ten years it is down 25.1%. The long-run trend across the full record is flat.
- Where does this Republic of Korea data come from?
- The figures come from Our World in Data, published as part of Unemployment rate young vs older adults. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (Our World in Data).