Unemployment rate young vs older adults in South Korea
South Korea: Unemployment rate young vs older adults was 6.43 in 2024. ▬ Flat
Unemployment rate young vs older adults in South Korea, 1991–2024
Source: Our World in Data.
Analysis
South 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 South Korea peaked at 15.72 in 1998 and was at its lowest, 5.41, in 2023.
South Korea ranks 151st of 188 countries on this measure, in the bottom quarter.
Unemployment rate young vs older adults in South 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% |
South Korea compared with similar countries
- South Korea's 6.43 is below the median for high income countries, which is 13.4, 48% of the median. (62 countries reporting)
- South Korea's 6.43 is below the median for East Asia & Pacific, which is 9.41, 68% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Unemployment rate young vs older adults in South Korea 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 |
|---|---|---|---|
| 1998 | +110.5% | 7.47 | 15.72 |
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 South Korea
More work & labour data for South 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)
- Unemployment rate (ILO modelled estimates) 2.96 (2027)
- Labour dependency ratio 0.78 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 97,052 (2027)
- Output per worker, GDP constant 2015 US $ 65,686 (2027)
- Employment-to-population ratio (ILO modelled estimates) 62.02 (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)
Frequently asked questions
- What is unemployment rate young vs older adults in South Korea?
- Unemployment rate young vs older adults in South Korea was 6.43 in 2024, according to Our World in Data.
- What is the highest unemployment rate young vs older adults recorded in South Korea?
- The highest recorded value was 15.72 in 1998.
- What is the lowest unemployment rate young vs older adults recorded in South Korea?
- The lowest recorded value was 5.41 in 2023.
- How does South Korea rank for unemployment rate young vs older adults?
- South Korea ranks 151st out of 188 countries with data for 2024.
- Is unemployment rate young vs older adults rising or falling in South Korea?
- Over the last ten years it is down 25.1%. The long-run trend across the full record is flat.
- Where does this South 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).